The risks of critical equipment failure and a cyber attack on industrial control systems are major concerns for 94% and 84% of Fortune 500-size companies, respectively. That’s according to a new survey of 200 business leaders with companywide responsibility for overseeing equipment operations or equipment risk, commissioned by FM Global.

FM Global, one of the world’s largest commercial property insurers, has opened a US$16 million Electrical Hazards and Gas Detection Laboratory at its world renowned 1,600-acre (648-hectare) Research Campus in West Glocester, R.I., USA, following nearly two years of construction.

S&P Global Ratings has affirmed FM Global’s ‘A+’ financial strength rating and “Stable” outlook, remarking on the insurer’s “long-standing position as the global leader in commercial property insurance.”