FM in the News

Although the climate seems monolithic, climate risk is local and absolutely manageable, writes Kevin Ingram, CFO, FM Global.

All focus is on the impact of the pandemic, but CEOs need to keep sight of the ongoing risks to prioritize resilience post-COVID-19, according to FM Global's Lynette Schultheis.

Amidst the increasing frequency and intensity of natural catastrophes it is time to revisit the purpose and content of building codes, recommends Michael Stuckings, operations chief engineer at FM Global in Australia.

Businesses should be preparing their facilities as twin storms make landfall on the U.S. Gulf Coast and wildfires rage in California this week, advises FM Global’s VP and manager of research, Louis Gritzo.

As Melbourne, Australia rides out the State of Disaster and Stage 4 lockdowns that saw the immediate closure of all non-essential businesses, property insurance company FM Global is warning of the perils of idle facilities.

Those organizations that had 'BCPs' in place have generally been in a stronger position during COVID-19 to respond nimbly under these uncertain circumstances, writes Bret Ahnell, FM Global executive vice president.

With so many employees working remotely, leaders like FM Global chairman and CEO Tom Lawson say they must take extra care to ensure their communications leave no room for misinterpretation.

CEOs and CFOs across the world are aware of the risks that come from natural disasters but few are well prepared for the financial impacts, according to the 2020 CEO/CFO Climate Risk Survey from FM Global.

Flood damage goes beyond immediate expenses of cleanup and business interruption, reports FM Global. A business can lose on average 5% of shareholder value after suffering flood damage.

Flood disruptions could cause a business’s stock to drop significantly over the succeeding 12 months, reflecting investors’ shaken confidence in the company’s managerial decision-making, according to a new study commissioned by FM Global.