http://www.lloyds.com/Latest news from Lloyd's of Londonen-gbLloyd's of London 2010http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2011/Covering-supply-chain-vulnerabilityCatastrophes in today’s globalised world can often be felt far beyond the region where the disaster has occurredFri, 20 May 2011 15:31:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2011/Digging-deepRecent catastrophes have drawn attention to risks faced by the global mining communityFri, 20 May 2011 15:30:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2011/Planning-for-Olympic-feverAs we approach the year countdown to the London Olympics, lloyds.com takes a look at how business can manage the risk of disruption during the Games.Wed, 11 May 2011 15:38:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2011/Faking-it_the-hidden-costs-of-counterfeit-goodsCounterfeiting is on the increase and we are all paying the price, experts sayTue, 05 Apr 2011 11:02:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2011/Insuring-the-indispensableThe death or illness of a much-loved figurehead can have a big impact on an entire organisationWed, 02 Mar 2011 09:30:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2011/Lloyds-develops-cyber-cover-for-smaller-online-retailersLloyd’s insurer Kiln and broker Lockton have teamed up to offer cyber insurance to small- and medium-sized online retailers. The security and privacy cover is being made available to members of the e-retailers association Interactive Media in Retail Group (IMRG).Tue, 01 Mar 2011 15:27:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2011/I-spy-with-my-cyber-eyeIn this 21st century 'digital age' businesses are more vulnerable to industrial espionage than ever before.Wed, 23 Feb 2011 10:03:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2011/Future-shock-the-world-reaches-a-risk-crossroadsGovernance systems weakened by the financial crisis might not be able to cope with future global risks, the World Economic Forum warnsFri, 14 Jan 2011 13:35:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2011/Risk-managers-make-their-resolutionsRisk managers across Europe and North America resolve to raise their game in 2011Wed, 12 Jan 2011 09:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2010/Food-contamination-risk-still-high-in-ChinaChina was the source of most contaminated or unsafe foodstuffs that came into Europe in 2009, according to a European Union report, highlighting the potential hazards for food and beverage companies of doing business with Chinese firms.Tue, 02 Nov 2010 12:03:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2010/Maintaining-Londons-competitivenessLower corporation tax could help preserve London’s competitiveness as it emerges from recessionMon, 04 Oct 2010 12:02:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2010/Geopolitical-and-regulatory-risks-rise-up-the-risk-agenda-100810One effect of the financial crisis is that companies are now more risk aware, but many still have work to do on embedding risk management in their organisations, says the new chair of the Association of Risk and Insurance Managers (Airmic). Tue, 10 Aug 2010 14:53:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2010/Environmental_liability_back_in_the_spotlightUS companies face growing pollution liabilities as a culture of environmental awareness developsTue, 04 May 2010 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2010/Workplace_bullying_can_seriously_damage_your_companys_healthBullying in the workplace seems to be a growing problem – from No 10 Downing St where allegations were made recently against the Prime Minister to the smallest businesses under pressure to survive the recession.Mon, 12 Apr 2010 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2010/Emerging_from_recessionDespite the challenging macroeconomic environment of the past two years, London and Lloyd’s market insurers have proved their resilience to the crisis.Wed, 31 Mar 2010 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2010/Handling_recalls_responsiblyMore than eight million cars have been recalled by Toyota, including 450,000 Prius models.Tue, 23 Mar 2010 00:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2010/Lawsuit_highlights_IP_risksNorth Face has sued South Butt alleging they have infringed its trademarks.Tue, 02 Mar 2010 00:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2010/Fraud_to_thrive_beyond_the_economic_downturnFraud broke the £2 billion barrier in 2009 and is set to treble over next three years, according to experts. New research from business advisers BDO LLP found that the amount lost by businesses and the public sector to frauds increased last year by 76%, with both the number and size of frauds increasing dramatically during the recession. 18 January 2010Mon, 18 Jan 2010 00:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2009/Recession_puts_risk_managers_on_the_rack Peter den Dekker was elected president of Ferma in June this year. He worked as a broker and as an underwriter in the industrial insurance market before becoming group insurance risk manager of the quoted Dutch multinational company...Mon, 05 Oct 2009 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2009/Employers_adjusting_to_welfare_reform_to_benefit The principle of encouraging people back into work is a good one, insurers say. UK government proposals to cut the number of people on long-term sickness benefits could have a significant effect on insurers. The Welfare Reform Bill...Fri, 04 Sep 2009 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2009/Social_media_poses_threat_to_consumers_and_business US homeowners burgled due to 'Tweets' to friends about holidays. Social networking sites like Twitter, MySpace and Facebook are the big online phenomenon right now attracting millions of people. But by revealing details of their lives on...Mon, 03 Aug 2009 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2009/Binding_authority_offers_global_reach Binding authorities allow offices to write business on behalf of Lloyd’s insurers. A new initiative by global broker Marsh and Lloyd’s insurers is set to bring new business to the Lloyd’s market from around the globe.Marsh has established...Wed, 13 May 2009 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2009/Is_workplace_fraud_set_to_rise   Companies are being warned to protect themselves against an expected increase in workplace crime and fraud that will accompany the current recession. Theft is costing businesses much more than they may think, and we’re not talking...Tue, 12 May 2009 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2009/Resource_scarcity_what_does_it_mean_for_businessWe explore what others are saying on resource scarcity—and what it means for business. 6 May 2009.Wed, 06 May 2009 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2009/Business_risks_re_evaluated_as_recession_bitesThe combination of financial crisis and the economic downturn has led to a radical re-evaluation by businesses of their biggest risk concerns.Fri, 24 Apr 2009 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2009/Fraud_cover_caution_as_recession_changes_exposure UK firms should look closely at their insurance cover. The jailing last month of a gang of international criminals for trying to steal £229m from Japanese bank Sumitomo Mitsui was a graphic illustration how firms are being targeted by...Tue, 07 Apr 2009 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2009/Claims_rise_in_employment_area Where redundancies are unavoidable, employers' first duty is to meet legal obligations to employees.With the Bank of England warning that the UK is in a deep recession that could last longer and be more painful than had previously been...Thu, 05 Mar 2009 00:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2009/Defending_data Losing sensitive data is becoming more expensive for UK companies. Security breaches cost firms up to £4.8m in 2008, according to security institute Ponemon—which surveyed 30 firms across ten industry sectors. It’s not just the financial...Thu, 12 Feb 2009 00:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2009/Defending_data Losing sensitive data is becoming more expensive for UK companies. Security breaches cost firms up to £4.8m in 2008, according to security institute Ponemon—which surveyed 30 firms across ten industry sectors. It’s not just the financial...Thu, 12 Feb 2009 00:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2009/Product_contamination Food contamination, accidental or deliberate, seems to be a growing problem around the world. Last year's contaminated milk scandal in China demonstrated how deadly product contamination can be.In the UK recently, a man stood trial for...Tue, 03 Feb 2009 00:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2009/Product_contamination Food contamination, accidental or deliberate, seems to be a growing problem around the world. Last year's contaminated milk scandal in China demonstrated how deadly product contamination can be.In the UK recently, a man stood trial for...Tue, 03 Feb 2009 00:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2009/Companies_face_new_political_risks_in_2009_30012009 Companies across the world will face new risks this year. Political instability in 2009 will be a significant fall-out from the credit crunch and the global financial turmoil, and companies across the world will face new risks from the...Fri, 30 Jan 2009 00:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2009/Fraud_and_recession Risk specialists expect a steep rise in business fraud this year as the world economy continues to deteriorate. The number of insurance claim notifications relating to fraud will grow in 2009, according to Dean White, a Managing...Thu, 08 Jan 2009 00:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Madoff_scandal_poses_challenges  When journalists asked Bernard Madoff how he managed to pay investors a 10% return each year, he said that he used a ’proprietary strategy‘. He didn’t want to go into details. Back then, when the money was rolling in, that...Wed, 31 Dec 2008 00:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Firms_face_complex_political_risk_environment_2009 The financial market meltdown, competition for increasingly scarce basic commodities and a new leader in charge of the world’s largest superpower will all contribute to a challenging political risk environment for business in 2009,...Thu, 18 Dec 2008 00:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/e_Criminals_turn_up_the_heat_on_business_15122008 A recent survey found that businesses are spending more money on fighting digital crime. Many big businesses are struggling to cope with IT risk and what they perceive as the growing threat of high-tech crime. According to a membership...Mon, 15 Dec 2008 00:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Political_risk_experts_assess_business_precautions The horrific attacks on India’s commercial capital Mumbai took terrorism in the region to a new level, according to political risk experts. India is no stranger to terrorist violence, but previous attacks have usually been related to local...Mon, 08 Dec 2008 00:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Compensation_culture_or_common_sense_culture Research undertaken by Lloyd’s and the Economic Intelligence Unit reveals a widespread belief among global business leaders that a US-style compensation culture is developing in other regions. In the UK, the liability environment is undoubtedly...Mon, 01 Dec 2008 00:00:00 Zhttp://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Employers_liability_delivering_intervention Brit Insurance is to offer its employers’ liability clients a free rehabilitation service to help injured staff return to work. The Absence Management and Rehabilitation service was created in response to customer demand, says Brit’s Senior...Mon, 20 Oct 2008 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Security_firms_told_cut_risk_cut_cover_cost_24092008 Informing insurers about risk management may help reduce cover costs Advances in crime prevention technology and risk management systems for cash in transit may lead to a reduction in rates for clients, says broker Aon. Memories of the...Wed, 24 Sep 2008 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Companies_speed_catastrophe_claims_assessment_17092008 In the aftermath of a disaster, getting adjusters to where they’re needed can be tricky. In times of catastrophe Lloyd’s syndicates have to ensure that they respond promptly to the needs of policyholders and that all valid claims are...Wed, 17 Sep 2008 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Who_are_the_real_victims_of_high_profile_liability_cases_060808 Recent high-profile liability cases have got newspapers worried. The UK’s News of the World was ordered by the High Court to pay £60,000 in damages and £450,000 in legal fees to world motor sport boss Max Mosley last month. Mr Justice Eady...Wed, 06 Aug 2008 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Firms_warned_to_heed_perils_of_internet_operation_22072008 eBay and YouTube have recently been hit by massive lawsuits. Businesses with plans for accessing clients via the internet have been warned that they could be treading into a ‘legal minefield’ after two of the web’s biggest names have been...Tue, 22 Jul 2008 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Lawyers_face_increased_liability_risks_as_credit_crunch_bites_11072008 Marsh has warned that professional liability claims will increase against law firms during the next 12 months. The economic downturn in the US and many parts of Europe, caused by the contraction of readily available credit, will increase...Fri, 11 Jul 2008 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Technology_and_the_rogue_trader_300608 Not many companies insure against rogue trading Just as the dust started to settle on Societe Generale, Morgan Stanley announced last week that it lost £60 million due to a suspected rogue trader allegedly inflating profits.  In a difficult...Mon, 30 Jun 2008 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Rates_fail_to_rise_as_cranes_fall_10062008 There have been several accidents involving cranes recently. The construction industry is booming. The skylines of major cities such as Dubai, London and New York are dominated by cranes. But exactly how safe are cranes? And will the...Tue, 10 Jun 2008 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Are_beautiful_minds_a_business_risk_03062008 Organisations need to start thinking about protecting concepts such as brand names from plagiarism. Intellectual property (IP) is one of those terms that is somewhat ambiguous as to what is actually defined as someone’s ‘intellectual...Tue, 03 Jun 2008 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Compensatiomn_culture_or_common_sense_culture Sixty-seven percent of EU leaders believe that US-style compensation is spreading to Europe Is Europe increasingly in the grip of a US-style compensation culture? This was one of the topics discussed at the 360 Live Debate – Is business...Mon, 02 Jun 2008 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Firms_look_to_delay_cover_as_strikes_hit_global_trade_12052008 2008 is becoming a year marked by serious industrial action and civil unrest. In Europe teachers, nurses and transport staff have all undertaken lengthy industrial action and the rising cost of staple foods has seen civil unrest and rioting in...Mon, 12 May 2008 00:00:00 +0100http://www.lloyds.com/News-and-Insight/News-and-Features/Business-Risk/Business-2008/Fools_rush_in_where_employers_fear_to_tread_01042008 Some employers will not see the funny side of April Fool's jokes. Practical jokes galore, headlines going stir crazy and foolish frivolity are all part of the madness that is April Fool’s Day. Numerous people will find themselves as the...Tue, 01 Apr 2008 00:00:00 +0100