RIMS Risk Management Magazine (6/5/2024)
Although the supply and demand imbalance that unraveled the global supply chain at the outset of the pandemic has moderated, emerging geopolitical tensions are creating new challenges and spurring organizations to increase their investments in supply chain risk management.

Business Insurance (7/8/2024)
A New York insurance law that allow insurers to offer standalone business coverage not tied to physical damage may soon be amended. New legislation, which passed both houses of the legislature in early June, could fill a gap in the market.

PropertyCasualty360 (7/3/2024)
As reported by Aon, the stage is set for a more competitive reinsurance market next year, following positive mid-year renewals for insurers.

Business Insurance (7/5/2024)
According to a recent report from MarketScout Corp., commercial insurance rates saw a 4.4% increase in the second quarter, compared to a 3.9% increase in the first quarter. Workers compensation rates remained unchanged.

Reinsurance News (7/4/2024)
A report released by Insurance Commissioner Ricardo Lara showed $7.7 billion in losses due to extreme heat events in the state of California. Lara advocated '"resilience-building efforts and innovative insurance solutions" as top priorities in the fight against extreme heat's financial impacts.

PropertyCasualty360 (7/5/2024)
Though still in their infancy, voluntary carbon markets are already providing valuable methods for organizations around the world to offset carbon emissions and combat the negative impacts of climate change.

CFO Dive (7/2/2024)
As insurers embrace a space with enormous potential and worldwide business relevance, competition continues to drive prices down, according to a recent report by Howden. The lower rates persist even as cyberattacks trend up and businesses pay more to recover from their losses, the U.K-based insurer noted.

Reuters (7/5/2024)
Insurers remain anxious about the possibility of militant attacks or fake AI-generated images derailing the Paris Olympics. The event's cancelation could lead to millions of dollars in insurance claims, as seen with the 2020 Tokyo Olympics, when the event was postponed due to the COVID-19 pandemic.

Canadian Underwriter (7/4/2024)
Claims professionals dedicate up to three hours per week repeating information they've already given to customers, according to Carl Van, President & CEO of the International Insurance Institute. The solution is to ask more "nail down questions."

Some causes of insurance related losses are obvious, such as soaring replacement costs due to inflation and an increase in severe climate-related events, one insidious factor is often overlooked: Litigation Abuse. In this report, sponsored by Nationwide, readers will learn about the driving factors of litigation losses and their impact on the insurance industry. Download today!

RIMScast
Morgan O’Rourke and Hilary Tuttle, leaders of RIMS’s flagship publication, Risk Management magazine, rejoin RIMScast to discuss the major risks and catastrophes that caught their attention and the trends that are driving the profession – and journalistic coverage – forward. Free podcast!