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A report by U.K.-based Business Continuity Institute found that unplanned information and communications technology outage, cyber attack and data breach were the top causes of supply chain disruption this year, Supply Chain Management Review reported. More than 50% of respondents reported losses of less than €50,000 ($58,000) due to supply chain disruption in this year, compared with 33% in 2016.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms