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What’s in Your Supply Chain?

January 9th, 2017

Authored by industry experts: Joel Berrian, CPCU, ARM, AIC Jberrian@big-ins.com Joe Bermudez, Esq Jbermudez@big-ins.com It is a simple question and critical to your success. How would you respond if a customer asked you today, “what’s in your product and is it safe?” If you are unsure about what’s in your supply chain, can you properly […]

SCORE! – A More Hostile Regulatory Environment for Food Executives

October 26th, 2016

Authored by industry experts: Joel Berrian, CPCU, ARM, AIC Jberrian@big-ins.com Joe Bermudez, Esq Jbermudez@big-ins.com Food industry executives, are you feeling the heat? You should! With the Department of Justice criminally prosecuting corporate officers, managers, and employees; the enactment of FSMA regulations; and the creation of SCORE, your regulatory environment is growing more and more hostile. […]

Outbreak: Prepared Food Risks Increase Brand and Balance Sheet Exposures

October 24th, 2016

Authored by industry experts: Joel Berrian, CPCU, ARM, AIC Jberrian@big-ins.com Joe Bermudez, Esq Jbermudez@big-ins.com The news of Whole Foods’ Hepatitis A crisis event in Detroit went viral quickly. And, there is good reason. The clock is ticking as the post-exposure vaccine must be administered within two weeks to be effective. Officials recommend that anyone who […]

Samsung’s Galaxy Note 7 Recall: A Reputational Disaster

October 10th, 2016

Authored by industry experts: Joel Berrian, CPCU, ARM, AIC Jberrian@big-ins.com Joe Bermudez, Esq Jbermudez@big-ins.com When we first blogged about Samsung’s Galaxy Note 7 product issues and initial recall, we discussed several useful recall lessons unintentionally provided by one of the world’s best consumer goods companies. Several weeks later, the continuing saga of Samsung’s unfortunate handling […]

Will Restaurant Risks Take Out Grocers?

September 28th, 2016

Authored by industry experts: Joel Berrian, CPCU, ARM, AIC Jberrian@big-ins.com Joe Bermudez, Esq Jbermudez@big-ins.com Grocers are becoming America’s new favorite restaurants! Over the past decade, the revenue generated from freshly-prepared meals produced by grocers has nearly doubled to $28 billion in 2015. No longer simply the source of sliced deli meat, grocers now conveniently offer […]

7 Lessons Learned From the Samsung Recall

September 8th, 2016

Authored by industry experts: Joel Berrian, CPCU, ARM, AIC Jberrian@big-ins.com Joe Bermudez, Esq Jbermudez@big-ins.com Samsung Electronics Co. Ltd. (Samsung) is the world’s largest smartphone maker and one of our best consumer goods companies. Yet, as Samsung recently learned with its Galaxy Note 7 phone recall, even the best companies have bad days. The question now […]

Recall Déjà Vu: Reliving the Financial Impact of a Recall

September 1st, 2016

Authored by industry experts: Joel Berrian, CPCU, ARM, AIC Jberrian@big-ins.com Joe Bermudez, Esq Jbermudez@big-ins.com Companies prefer that the financial impact of a recall be handled in a quiet and confidential manner. If it remains in business and isn’t being investigated by the Department of Justice (DOJ) for criminal strict liability (CSL) issues, a company wants the […]

The Perfect Financial Storm

August 26th, 2016

Authored by industry experts: Joel Berrian, CPCU, ARM, AIC Jberrian@big-ins.com Joe Bermudez, Esq Jbermudez@big-ins.com General Mills’ recent expansion of its flour recall further extends the financial losses of affected companies as the US food industry suffers multiple, simultaneous ingredient-driven recalls. Numerous, nation-wide supply chains have recently been afflicted by recalls involving several types of contaminated […]