Unprecedented decline in insurance premiums is over Until late 2017, insurance market pricing had been in a state of decline for an unprecedented period of years, leading many to speculate that the traditional cycle is over. However, the claims environment changed dramatically in 2017 as natural catastrophes in the second half of the year, including hurricanes Harvey, Irma, Maria, earthquakes…
Statistics published by Safe Work Australia for 2015-16 report the average time off work for a Musculoskeletal Disorder is between 5-6 weeks. The average Workers Compensation claim cost for this type of injury in 2015-16 was $50,000. So the impact on your worker’s compensation premium could be significant, never mind the additional burden of being a person down in your…
Just three years ago transport group McAleese were riding high: after winning a large contract to deliver fuel to 7/11 service stations, the firm was about to be listed on the stock exchange. But after an initial listing at more than $1.47/share, McAleese’s fortunes have plummeted, and the company recently went into liquidation. In August 2016 the share price dropped…
Proactive management of risk exposures should not be seen as just another expense, but more of an investment in your business. So could your balance sheet, brand and reputation sustain the preventable scenario in this Food and Drink Business article?
A riveting read about the Nestle Maggi noodles scandal in India. The quote from the Nestle CEO says it all: ““We were right on factual arguments and yet so wrong on arguing. It’s not a matter of being right. It’s a matter of engaging the right way and finding a solution.” Read the full Fortune article here.
This article from Mondaq demonstrates the ability to defend a claim of negligence by being able to evidence the proactive risk management initiatives taken.
The food safety crisis that hit the Chipotle restaurant chain in the US provides a stark reminder of the lasting implications of significant food safety issues. This article demonstrates the impact the incident had on share price, the legal ramifications, the impact on reputation and the increase in costs that resulted.