Commercial

Boeing’s 737 Max Production Slowdowns, Legal Battles Highlight Supply-Chain Vulnerabilities

After two devastating crashes that resulted in the loss of hundreds of lives, Boeing has grounded its 737 Max planes. Multiple sources have linked the crashes—Lion Air Flight 610 in October 2018 and Ethiopian Airlines Flight 302 in March 2019—to the Maneuvering Characteristics Augmentation System (MCAS), the plane’s automatic safety system, though the U.S. Federal…

Electric Scooter Sharing Programs: Balancing Convenience with Coverage

Electric scooter (e-scooter) sharing programs continue to flourish in cities worldwide, including hundreds in the U.S., Europe, and new expansions into Canada. E-scooter companies, such as Bird and Lime, put “dockless” electric scooters on city sidewalks for riders to pick up, use and set down at their destination. Scooters represent a burgeoning trend known as “micromobility,”…

Risk for Flooding on the Rise

A combination of rapid snowmelt, ice jams and torrential rains over several days in mid March left swaths of the Midwest and Great Plains states submerged and more than 10 million people under flood warnings by March 17. Powered in part by a “bomb cyclone”—when a rapid drop in barometric pressure leads to hurricane-force winds—flooding…

Rising Workplace Violence Threatens Employers and Employees Alike

The tragic deaths of five employees in a workplace mass shooting at the Henry Pratt Company in Aurora, Illinois, on February 15 this year and the shooting incident that took place at day labor company, Trojan Labor, in Washington, DC, just one day earlier, are solemn reminders of the very real threat posed by workplace…

St. Patrick’s Day Drinking Poses Big Risks to Patrons and Businesses Alike

While everyone is Irish on March 17, nearly 40 million residents in the U.S. and more than 4 million in Canada actually claim Irish heritage. These Irish descendants, actual and adopted, make St. Patrick’s Day a highly profitable occasion for bars and restaurants. The holiday’s popularity is rising, according to the National Retail Federation: Americans…

Food Poisoning Lawsuits Total $6 Million in Nashville Case

Nashville restaurant Milk and Honey faces more than $6 million in damages from four separate lawsuits alleging at least 20 patrons were sickened by short rib gnocchi served at the restaurant on August 3 and 4, 2018. The gnocchi contained what the USDA determined were Salmonella-contaminated eggs from Alabama-based supplier Gravel Ridge Farms. The lawsuits…

From Motorcycles to Life-Saving Devices, 3D Printing Full of Promise and Risk

Every day, it seems, brings news of another milestone achieved thanks to 3D printing. Just last month doctors at Penn State Children’s Hospital surgically implanted a 3D-printed esophageal “splint” in 13-month-old Ramiah Martin, who was born without a trachea and with a malformed esophagus. Digital manufacturer Carbon and football helmet designer Riddell recently announced plans…

Highway a Sweet Mess after 40,000 Pounds of Liquid Chocolate Spills from Tanker

Though the resulting aroma was sweet, the rollover accident that caused a tanker truck to spill 40,000 pounds of hot, liquid chocolate on an Arizona freeway was anything but. There were no injuries or other vehicles involved in the accident, but the insurance impact is likely significant. The accident appeared to have been caused by…

Car Subscription Services Designed for Evolving Consumer Needs

As the North American International Auto Show kicks off next week in Detroit, one of the more talked about trends in the automotive industry is the growth in interest and investment in vehicle subscription services. These services are considered the “Netflix model of vehicle ownership and usage:” consumers pay anywhere from a few hundred dollars…

Insuring Santa Claus

From his bustling workshop to his nine loyal reindeer, Santa Claus operates one of the most complex enterprises in the world. That level of global intricacy requires an expert review of risk management strategies. “There are a number of insurance products that I would think Santa would have in place,” said Chris Zoidis, Corporate Executive…