risk management Archives - Page 2 of 2

Food for Thought: Food Brands and Co-Man Risks

Food for Thought Episode 3: Food Brands & Co-Man Risks

By pattidevineFood & Beverage, Food for Thought

Food product entrepreneurs need to beware of the potential risks they face when partnering with co-manufacturers, co-packers and toll processors. One-third of food manufacturers don’t own their own plants. According to Melissa Facchina, CEO and founder of SIDDHI Operations, a Brooklyn, N.Y.-based firm that provides operational and capital backing to...

January 26, 2021

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Producer Spotlight: Michael Pearl

By pattidevinePrecious Metals, Fine Art, Specie & Jewelry

As the Precious Metals, Fine Art, Jewelry & Specie Practice Leader at Foa & Son, Michael Pearl prides himself on exceptional customer service. What's his secret? For Michael, applying specialized expertise helps create unique solutions for his clients. After graduating from the University of Colorado with a Bachelor's degree in...

January 26, 2021

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Food for Thought: Cyber Risk

By Edward Gibbons-BrownCommercial Insurance, Food & Beverage, Food for Thought

A cyber attack targeting a food and beverage distribution business could shut down the entire operation, costing thousands of dollars in lost revenue. The recent hack of U.S. government agencies’ computer systems demonstrates that even the most fortified IT systems can be breached. But food and beverage businesses that have...

January 7, 2021

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2020 Market Trends Report

By pattidevineCommercial Insurance

Our exclusive Market Trends Report is here! This proprietary analysis provides exclusive ratings to help insurance buyers more fully understand the impact of market conditions on their insurance costs, terms, conditions and overall availability. Our report finds that insurance market volatility shows no sign of abating any time soon. With...

December 17, 2020

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Year-in-Review: Michael Lieberman’s Take On The Food And Beverage Industry In 2020

By pattidevineCommercial Insurance, Food & Beverage

When it comes to hard market conditions, the key topic to look at is capacity. If you're in the Food & Beverage business, you understand supply and demand. The same principles apply. It's only natural that underwriters grow cautious when market capacity is in shorter supply. Accordingly, they begin to...

December 17, 2020

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Foa & Son Pivots to Digital in 2020

By pattidevineCommercial Insurance, Company News

Relationships are key to the insurance business. So when Covid-19 made in-person meetings rare, our team worked to maintain our commitment to our clients. Throughout the year, we found exciting ways to engage through the digital realm. At Foa & Son, we dedicate ourselves to providing expert guidance through good...

December 17, 2020

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Food for Thought: The Cold Chain

By pattidevineCommercial Insurance, Food & Beverage

Cold storage has become a hot topic during the pandemic as vaccine manufacturers address the logistics of storing and shipping frozen vials to points of vaccination, but the food industry has long been concerned with the integrity of the “cold chain”. Because of their cold storage needs, all types of...

December 10, 2020

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Family Offices Face Cyber, Operational Risks

By pattidevineCommercial Insurance, Family Offices

By Kevin Foley -- While wealthy families may seem powerful, they are vulnerable when it comes to cybercrime. At least 28% of family offices have been targets of cyberattacks, according to Campden Wealth, a leading provider of information, education and networking services for generational family business owners and family offices...

September 15, 2020

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stock throughput insurance for retailers

Throughput Policies Give Retailers End-to-End Coverage

By pattidevineCommercial Insurance, Retail & Apparel

By Michael Boscaino -- Many retailers in riot-torn U.S. cities are learning the hard way that their property insurance isn’t nearly enough to cover the cost of inventory lost to looters. And even if they do file a theft or damage claim, the insured value of their lost inventory is...

August 19, 2020

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Tech Firms: Do you have the right insurance?

By pattidevineCommercial Insurance, Telecom & Technology

By Vincent J. Curatolo -- To get the best pricing and coverage for your tech firm in this hard insurance market, it’s important to partner with an insurance broker who has expertise in the sector. Your broker can help identify and analyze your exposures, and develop a risk mitigation strategy...

July 4, 2020

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risk management

Food for Thought Episode 3: Food Brands & Co-Man Risks

Producer Spotlight: Michael Pearl

Food for Thought: Cyber Risk

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