Improper stowage of Flexible Intermediate Bulk Containers (FIBCs) is leading to costly claims, operational hazards, and in some cases, loss of P&I cover. StrategicRISK looks at the regulatory obligations, real-world incidents, and practical steps risk managers should be taking to protect their organisations.
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As nat cats grow more severe, insurance gaps are widening - but parametric solutions might hold the key to resilience, says Dianna Nelson, a senior structurer at Swiss Re Corporate Solutions