FM Global has been providing the coverage since 2016. Now, claims will be pouring in.
The main drivers were drops of 12% in the cost of covering property risks; 6% for workers’ compensation; and 5% for liability.
Analytics are now being used to predict the relative likelihood of different loss-producing events at a location.
Jeff Burchill, FM Global's finance chief since 1999, has seen the property insurance industry and the role of CFO mature and gain complexity.
While it's nice to cut supply-chain costs, don't choose a low-cost shipper without considering all cargo-related risks.
Not very well, judging by their comments during a recent educational session.
