Archive for the ‘Security’ Category
Tuesday, September 21st, 2010
For the month of September, I thought it would be appropriate to write a post on Terrorism Risks.
Since 2001, there have been an average of 5 attempted terror attacks annually in the U.S. that have resulted in arrests, trial, or raising of the DHS threat level. Now you know what ...
Posted in Business Risks, Insurance, Security, Terrorism Risks | No Comments »
Wednesday, August 25th, 2010
A few weeks ago, Senator Frank Lautenberg proposed Secure Chemical Facilities Act (S. 3559) to the Senate committee on Homeland Security. The bill mandates Inherent Safer Technology (IST) or Inherently safer design (ISD) at high-risk chemical facilities.
Knowing the uncertainties surrounding the mere definition of inherent safety, one could say that it ...
Posted in Inherent Safety, Process Safety, Risk Perception, Security | No Comments »
Thursday, August 19th, 2010
According to the FAA, there have been 113 battery fire incidents on passenger and cargo planes between 1991-2010. There is a battery fire incident every two months in the airline industry.
Batteries as Weapons?
Airline industry is concerned that terrorists could use such batteries to create a fire by putting together ...
Posted in Battery Fires, Fires and explosions, Security | 4 Comments »
Monday, July 12th, 2010
Risk is a perception.
Our perception of risks is mainly affected by two factors:
(a) whether we are voluntarily accepting the risk.
A good example is a refinery worker considers the risks at workplace lower than his cousin who has only read about chemical plants; and
(b) potential consequences of event or act or decision.
For a layman, ...
Posted in Regulations, Risk Communication, Risk Perception, Security | 2 Comments »
Wednesday, October 28th, 2009
The U.S. Government has extended the Terrorism Risk Insurance Act (TRIA) to 2014. TRIA is intended to support insurance companies in case the claims from a terror incident go above a certain threshold.
What is interesting are the exclusions used by the government for this reinsurance.
Domestic vs. International Terrorism
Insured losses are ...
Posted in Insurance, Security | No Comments »
Friday, September 11th, 2009
Eight years after 9/11 threat of terrorism continues to persist.Organizations buying insurance to provide protection from terror attacks is on the rise.
Terrorism Insurance
Prior to 9/11, there was terrorism insurance was not a major concern. However, after 9/11 insurance and reinsurance companies found themselves with significant amount of exposure. Immediately following ...
Posted in Insurance, Security | No Comments »
Monday, August 31st, 2009
Because of their dependability and long effective lifespan, lithium ion rechargeable batteries are used in almost all modern electronic gadgets – cell phones, laptops, digital cameras, power tools, video games, PDA, household devices, e-bikes, security lighting, iPods, and automobiles. As the electronic market grows, it is evident that the ...
Posted in Battery Fires, Product Safety, Security | 5 Comments »
Tuesday, July 7th, 2009
Chemical Facility Anti Terrorism Standard (CFATS) came into force on Nov. 20, 2007 as a Federal Regulation under 6 CFR 27. This set into motion the process of assessing threats to chemical plants and refineries in the U.S.
Photo Courtesy: http://www.flickr.com/photos/8177037@N06/ / CC BY-NC 2.0 ;
Step 1: Is Your Facility ...
Posted in Regulations, Security | 2 Comments »
