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Pharmaceutical heist highlights a growing trend
The $75 million theft of pharmaceuticals from an Eli Lilly warehouse on Sunday in Connecticut is just the latest in a series increasingly large thefts of prescription drugs. Authorities say the thieves...
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Product withdrawal opens drug companies to litigation
Yesterday’s New York Times describes possible harm to customers of biotechnology giant, Genzyme Corporation, arising out of the reduced availability of Genzyme’s products as a result of a plant...
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Volcano fallout: property coverage potentially available
Virtually no airline is insured against business interruptions as a result of the volcanic ash that has grounded aircrafts throughout Europe causing huge financial losses this past week. But there...
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‘Tis the season to beware of pharmaceutical thieves
Over the past few weeks we have received various warnings from cargo and transit insurance companies along with FreightWatch International regarding potential thefts of drugs and pharmaceutical...
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Somali pirate attacks increasing and costing more
The risks to ships transiting the pirate-infested waters off the coast of Somalia are on the rise. Last year, the average ransom paid to Somali pirates was $5.4 million compared with $150,000 in 2005....
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Thailand floods lead to industrial disruptions
Our WBN (http://www.wbnglobal.com/) partner in Thailand, Asianet, reports extreme flooding conditions in major areas of the country. We quote them verbatim as follows: “Great efforts were made to...
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Strike in Greece causing delays
Major interruptions to transportation services in Greece are expected today and tomorrow as a result of a 48-hour strike by public and private sector workers. According to FreightWatch Intelligence...
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Insurers will face hefty flood of claims from Thailand
Business Insurance has reported an estimated $5 billion in economic damage and has prompted $3.3 billion in insurance claims making it the worst flooding in Thailand in more than 50 years. Some are...
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2012 Property renewals for tech companies: start early
Technology companies that have owned manufacturing operations or outsource their manufacturing to suppliers in Asia should get an early start on their 2012 Property Insurance Renewals. Outside of the...
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Drug heists and supply chain theft: a lesson in susceptibility
The FBI recently outlined a high-profile drug heist investigation in which they caught the team responsible for stealing $80 million worth of commercial drugs in 2010, making it the largest in U.S....
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When pandemic strikes: does your company have an action plan?
Following reports of the first Ebola transmissions on U.S. soil, the threat of the disease continues to escalate across the world. The Ebola outbreak is only the latest version of potential worldwide...
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