A 7.4-magnitude earthquake hit off the coast of Japan's eastern Fukushima prefecture late Wednesday night. The quake cut off power to more than 2.2 million homes in 14 prefectures, derailed a bullet train near Fukushima, and closed at least one major…
Tropical Storm Nepartak heads toward Japan and the Olympic Games Tokyo is bracing for Tropical Storm Nepartak, which has already begun to disrupt some Olympic events. The storm developed late Friday, local time and is heading toward the island nati…
Maersk reported its second significant container loss from one of its vessels this year. On February 17, the TEU Maersk Eindhoven experienced an engine stop in heavy seas near Japan while en route from China to Los Angeles. As a result, Maersk report…
Last week [Week 3], there were 38 recall notifications placed in Europe, and 37% (14) of those were for motor vehicles. All but two of the vehicles are being recalled from end users. Germany submitted the most alerts (10), however five of those rela…
The global response to the coronavirus crisis put a bright spotlight on the complexity of global supply chains. But not only in the traditional, “behind-the-scenes” way we think about companies sourcing inputs, component parts and ingredients. It als…
A violent storm with gale-force winds and large swells led to an estimated 1,900 containers being lost or damaged on the boxship, ONE Apus, during its voyage from China to Long Beach, California. If the estimated loss is correct, this single incident…
ARLINGTON, TEXAS., Oct. 13, 2020 - Vale Training, a company dedicated to educating the next generation of claims specialists and technical experts in property and casualty losses through online and in person courses, announced the expansion of their …
Typhoon Chan-hom is targeted to hit Japan by the end of this week, with forecasts calling for heavy rainfall up to 100-200 millimeters near where the storm tracks in southern Japan. This can increase the risk for flooding and mudslides in the region.…
Sedgwick's Stephen Hope, head of major and complex losses in Asia, discusses the typhoon that was far less destructive than early forecasts suggested
TOKYO, 3 August 2020 – Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions, has appointed Takeshi Nagao as managing director for its operations in Japan. Nagao is a property and casualty claims …
A monumental announcement was made this month [July 2020] when the European Union confirmed its purchase of enough Remdesivir to treat 30,000 patients. This follows a deal signed in June between the United States and manufacturers Gilead for more th…
Considering the current economic climate we wanted to take a look at how car sales are comparing to recall volumes in the category to see if there was any correlation between the numbers. New car markets have contracted across the world, the only an…
The Organisation for Economic Co-operation and Development (OECD) Council last month adopted a revised Recommendation on Consumer Product Safety. It outlines what the OECD sees as core elements of effective consumer product safety frameworks. Boiled …
Regulatory frameworks overseeing product safety in Australia, the European Union, the United Kingdom and the United States are well-established. While the rules and regulations in each of these jurisdictions are evolving in response to new products a…
Spring might be on the way, but a spate of negative headlines has many automotive manufacturers still feeling the winter blues. Plummeting stock markets are likely to hurt new car sales as people hold off on purchases, while the threat of a global ou…