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Nearly all of the cases related to Hurricane Sandy have been reopened, and insurers aren't happy about it.

Insurers suffered sizable Contingent Business Interruption (CBI) losses last year, as catastrophes such as the Japan earthquake and Thai flooding wreaked havoc on supply chains worldwide. CBI losses, in fact, likely accounted for a substantial portion of the massive cat claims in 2011.

On March 11, 2011, the Tohoku region of Japan was struck by a massive earthquake and tsunami that not only devastated a nuclear power plant and wreaked havoc on the island, but caused massive worldwide supply chain disruptions, pointing up the fragility of our interconnected world. We asked risk management...

Supply chain disruption has become commonplace for the vast number of manufacturers, retailers, and other businesses that today are connected to global supply chains. In a recent BCI survey of more than 300 companies, more than 70% suffered a supply disruption in 2010 - and 50% of those surveyed experienced...

Organizations facing a growing number of global crises are wary of breaks in their supply chain, stockpiling critical items and commodities, and sometimes resorting to “panic buying,” according to a risk-management expert.

The earthquake and tsunami in Japan, as well as other catastrophic events recently, should make it clear to companies that there are no events that cannot be planned for.

The global supply chain disruption as a result of the Japan earthquake can be immediately identified. Just type the phrase into your favorite search engine.

As global concern grows over an outbreak of the H1N1 flu, most U.S. companies remain unprepared to realistically deal with an outbreak, a Marsh insurance brokerage executive said.