FM in the News

Supply chains are particularly vulnerable to climate risk, as many global production systems are focused on ensuring efficiency over resiliency, says Mick Stuckings, Australia operations chief engineer at FM Global.

"Insurance companies are more hesitant to offer large policies, rates are going up, and overall it’s getting tougher for companies to protect their risk via an insurance policy," says FM Global's Lou Gritzo.

Risk managers will need to ensure their businesses step up mitigation action to ease the impact of a hard insurance market, which still has some way to run due to a number of drivers, FM Global says.

Pentti Tofte, vp and head of analytics at FM Global, discusses how FM Global uses data to help clients determine what losses to expect and which vulnerabilities to prioritize.

The chemical industry has taken very seriously the huge consequences of increasing storm risk, says FM Global VP of Natural Hazards, Katherine Klosowski.

When it comes to planning and modeling for catastrophic wildfires, FM Global explains the best way to reduce losses is to focus on reducing the vulnerability of businesses.