Top 10 U.S. Business Risks for 2014

According to the “Allianz Risk Barometer,” a survey from Allianz Global Corporate & Specialty SE, the top 10 U.S. Business Risks are:

  1. Business interruption, supply chain (61 percent)
  2. Natural catastrophes (58 percent)
  3. Fire/explosion (24 percent)
  4. Loss of reputation, brand value (17 percent)
  5. Cyber crime, IT failure, espionage (15 percent)
  6. Intensified competition (12 percent)
  7. Quality deficiencies, serial defects (10 percent)
  8. Environmental changes (10 percent)
  9. Changes in legislation and regulation (10 percent)
  10. Market stagnation or decline (10 percent)

Loss of reputation or brand value joined the top 10 list, and was the fourth ranked business risk as cited by U.S. companies.  Cybercrime, including IT failures and espionage, were No. 5. Those rankings were lower for non-U.S. companies, which ranked cyber at No. 8 and loss of reputation at No. 6.

Source: Insurance Networking News

-JK

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About Jim Kinmartin - Business Insurance & Risk Management Broker

Jim is a California licensed Property & Casualty AND Accident & Health insurance agent working at the ISU - Olson Duncan Insurance brokerage in Torrance, CA. He grew up in Fullerton, CA and graduated from Servite High School in Anaheim and Loyola Marymount University in Los Angeles and currently lives in Long Beach, CA. Have questions? Just ask! Or, follow Jim on Twitter at @JimKinmartin

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