FM Global in the News

With up to five tropical cyclones threatening the Queensland coast each year FM Global believes the proliferation of commercial solar farms across the Sunshine State is a disaster waiting to happen.

Paul May, Operations Engineering Manager at FM Global Australia, urges risk managers across the Asia-Pacific region to develop a practical plan in the event of a catastrophic flood.

Following the release of a whitepaper from FM Global, which revealed CFOs are increasingly being held accountable for not properly addressing the risks posed by natural hazards, StrategicRISK sat down with Michael Stuckings, Operations Chief Engineer at FM Global Australia to find out what this means for risk managers.

When natural disaster catches a company under-prepared, the chief financial officer is increasingly on the hot seat to break the bad financial news to shareholders and investors.

It’s impossible to mitigate all of the risks in your supply chain but there are lots of ways to minimise your exposure.

Now in its fifth year, the FM Global 2018 Resilience Index ranks 130 countries and territories based on the resilience of their business environments, helping global executives discover where their business will thrive.

While acquisition strategies are an essential part of fuelling future growth, the risk implications are often extensive. The acquiring business must address these throughout the transaction and subsequent integration process.

The FM Global Cyber Risk Assessment, the insurance industry’s first comprehensive cyber readiness assessment provides a research-and science-based way to mitigate risk.

Facilities with emergency response plans experience 70% less flood damage and return more quickly to normal operations.

Now consider that about one in 10 existing industrial facilities are located in a designated flood zone. This is where 80 percent of flood losses historically occur.