FM Global in the News

There’s clearly a lot at stake when machinery stops working. So, how can the industry improve this state of affairs?

While Australia may be among the best performers worldwide in FM Global's annual Resilience Index, FM Global Australia Operations Manager Lynette Schultheis warns there are still significant challenges ahead for businesses in the region.

“The most commonly overlooked or underestimated areas of exposure for businesses is denial,” says Lynette Schultheis, senior vice president and operations manager at FM Global.

A resilient national business environment makes managing risks less daunting. Fortunately, Australia has some advantages in this regard.

FM Global has released new fire protection and installation guidance to provide a fundamental basis for evaluating hazards in lithium-ion battery-based energy storage systems (ESS), as well as recommendations for appropriate automatic sprinkler systems and safe separation between full-scale EES racks.

As commercial operations begin to more routinely factor battery storage into their solar-energy-powered plans, insurance companies are assessing the accompanying fire risks.

Brokers are being encouraged to discuss flood mitigation strategies with their clients after one senior insurance figure said Australian businesses are seriously underestimating their true exposure.

FM Global recently released the 2019 edition of the FM Global Resilience Index to help business decision makers across the globe make more informed strategic choices when it comes to their enterprise resilience.

Norway was named the most resilient country in the world, according to the 2019 Global Resilience Index. The United States of America, the United Kingdom, and Australia all ranked in the top 25.

FM Global has released the 2019 edition of the FM Global Resilience Index to help business makers across the globe make more informed strategic choices when it comes to their enterprise resilience.