Farmers Insurance® announced it will resume accepting new business Commercial Multi-Peril applications for Auto Service & Repair, Habitational, Manufacturing, Real Estate and Wholesale Distribution policies in California, as of August 1, 202
Tag: manufacturing insurance
U.S. Companies Face Hurdles in Moving Production Closer to Home
Experts warn that companies using nearshoring strategies to strengthen their supply chains may be bringing production problems closer to home. Importers in the United States who are considering shifting their sourcing from the Asia-Pacific region to Mexico and deeper into Latin America are finding it more difficult to find suppliers with the right raw materials,… Continue reading U.S. Companies Face Hurdles in Moving Production Closer to Home
Chubb Introduces CoverPlus Featuring Expanded Liability Insurance Solutions for Middle Market Manufacturers
Chubb has introduced CoverPlus℠ – a new platform offering expanded liability-driven products tailored to the ever evolving risks faced by middle market manufacturers as they embrace new technologies and processes to remain competitive. CoverPlus℠ features a custom-tailored suite of coordinated insurance products designed to fill the potential gaps which are typically inherent in traditional insurance… Continue reading Chubb Introduces CoverPlus Featuring Expanded Liability Insurance Solutions for Middle Market Manufacturers
Norsk Hydro Puts H1 Cyber-Attack Impact at Up to $75 Million
The cyber-attack that hit aluminum manufacturing giant Norsk Hydro in March is expected to result in an overall financial impact of up to $75 million (NOK 650 million), with the majority of the impact being felt in its Extruded Solutions business. For Q1, Norsk Hydro puts the overall impact at between $35 million and $40… Continue reading Norsk Hydro Puts H1 Cyber-Attack Impact at Up to $75 Million
New York Manufacturers Fear Emissions Limits Could Upend Industries
New York legislation establishing the country’s highest standards for reducing greenhouse-gas emissions has companies scrambling to determine how much it will cost to comply. Executives at Revere Copper Products Inc., a manufacturer in Rome, N.Y., wonder if potential energy price increases will make the company less competitive globally. Paper-mill operators, which use wood chips and… Continue reading New York Manufacturers Fear Emissions Limits Could Upend Industries
One of the World’s Largest Aluminum Producer Hit by Major Cyberattack
Norsk Hydro ASA, one of the world’s biggest aluminum producers, is suffering production outages after a cyber attack affected operations across Europe and the U.S. Some operations, such as primary production potlines, have moved to a manual mode where possible, according to spokesman Halvor Molland. Other operations such as extrusion plants have been temporarily stopped.… Continue reading One of the World’s Largest Aluminum Producer Hit by Major Cyberattack
Chubb: Data Suggests Manufacturers Under-Purchasing Key Insurance Products
A study from Chubb and The National Center for the Middle Market (NCMM) finds that although manufacturing is experiencing growth, there are many interconnected challenges leading to new risks. The research also suggests that manufacturers may not be fully prepared to confront some of these new and emerging risks, including financial and competitive challenges, cybersecurity… Continue reading Chubb: Data Suggests Manufacturers Under-Purchasing Key Insurance Products
OSHA Initiates Program Targeting Companies with High Injury Rates
OSHA will begin targeting companies in both manufacturing and non-manufacturing industries for inspection based on their electronically-submitted data. The Site-Specific Targeting 2016 (SST-16) Program utilizes injury and illness information electronically submitted by employers for calendar year (CY) 2016. Under this program, the agency will perform inspections of employers the agency believes should have provided 300A… Continue reading OSHA Initiates Program Targeting Companies with High Injury Rates
Ford Issues Recall For 1.5 Million Focus Cars
Ford Motor Co. said it is recalling most of the Ford Focus cars it built at a Michigan factory over a roughly seven-year period, a setback for a company trying to gain traction on a turnaround of its operations. Ford said Thursday the recall covers almost 1.5 million Focus vehicles in North America, warning that a… Continue reading Ford Issues Recall For 1.5 Million Focus Cars