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FM GLOBAL has opened its new $16 million electrical hazards and gas detection laboratory at its research campus in Glocester. / COURTESY FM GLOBAL

FM Global opens $16M laboratory in Glocester

GLOCESTER – FM Global opened its $16 million electrical hazards and gas detection laboratory at its Rhode Island research campus, the company announced Tuesday. The...
A NEW STUDY concluded that companies unprepared for storm damage, such as that delivered during the 2012 landfall of Sandy in Westerly, lost 5% of their market capitalization over the year after the storm, / PBN FILE PHOTO/BRIAN MCDONALD

Study: Hurricanes depress firms’ market caps

  JOHNSTON – A new study commissioned by FM Global links hurricane damage to a loss in enterprise value. Dozens of large, publicly traded companies that...
RETIREMENT OPTIONS: Glenn King, FM Global’s manager of employee benefits, meets with staff. From left, foreground, are Tricia Fay, North America benefits manager, and Jill Goodman, retirement plans manager. From left, background, are Carole Williamson, manager health and welfare plans, and King. FM Global offers both a 401(k) plan and a pension plan to its employees.
 / PBN PHOTO/MICHAEL SALERNO

Small businesses struggle to afford basic benefits for employees, survey finds

To the victors, go the spoils. That’s an old truism, especially for employers who win the battle for greater market share. Large companies such as...

FM Global employees improve their well-being by helping communities

Healthiest Employers of Rhode Island 2019 2,000-4,999 EMPLOYEES #4: FM Global CEO (or equivalent): Thomas A. Lawson, CEO, president and chairman Number of employees: 3,767 MUTUAL INSURANCE COMPANY...
FM GLOBAL released a study that found corporate executives often overestimate what their cybersecurity insurance will cover. Above, the company's Johnston headquarters. / COURTESY FM GLOBAL

FM Global: Cybersecurity insurance doesn’t cover everything

JOHNSTON – Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all losses their company...

FM Global invests $1M in RiskGenius, specializing in AI, machine learning

JOHNSTON – Commercial property insurer FM Global has invested $1 million in RiskGenius, an insurtech company that uses artificial intelligence and machine learning to...

Mekrut to chair national AAA board of directors

WILLIAM A. “BILL” MEKRUT, retired vice president and treasurer of FM Global, was recently elected as chairman of the national AAA board of directors...

FM Global: Equipment failures a leading cause of property losses for...

JOHNSTON – Equipment breakdowns now rival fire loss in both frequency and severity of commercial property insurance claims, according to a new analysis of...
TECH SUPPORT: Terrence Boylan, left, CEO of PacketLogix, specializing in highly responsive information technology support, consulting and managed IT services, works with client Charles Antone, chief operating officer for Building Enclosure Science.
 / PBN PHOTO/MICHAEL SALERNO

Automation increases vulnerability to hacks

At a recent Rhode Island Manufacturers Association breakfast, Cooley Group President and CEO Daniel R. Dwight listened as the roughly 500 attendees were asked...
HAIL DAMAGE COSTS in the United States have elevated significantly since 2008. / BLOOMBERG NEWS

FM Global and others identify increasing hail damage costs since 2008

BOSTON – In 2008, the year the stock market crashed and Barack Obama won the presidency, the United States was hit with a weather...

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