RIMS Risk Management Magazine (7/9/2024)
The events of the past few years demonstrate how important it is for companies to be resilient. The operational disruption and general economic turmoil of the pandemic, geopolitical risks caused by Russia’s invasion of Ukraine, the Israel-Hamas war, and the West’s escalating tensions with China, energy insecurity, and the growing frequency of natural disasters caused by climate change all highlight the need for organizations to prioritize contingency planning and business continuity.

Spring Consulting Group (6/27/2024)
The captive industry has continuously grown and evolved over the years, and the next era of change is likely on the horizon. 

Business Insurance (7/8/2024)
Legislation that would amend New York’s insurance law to allow insurers to offer standalone business interruption coverage that isn’t tied to physical damage could fill a gap in the market.

Business Insurance (7/9/2024)
Commercial property insurance market conditions continued to moderate at midyear renewals, with some policyholders seeing rate decreases and others only single-digit price hikes, depending on their location, loss experience and program structure.

Insurance Journal (7/8/2024)
Hurrican Beryl made landfall in Matagorda, Texas, as a Category 1 hurricane, kicking out power to 1 million homes and businesses, but Morningstar DBRS predicts the storm will not have an overwhelming impact on the insurance industry.

PropertyCasualty360 (7/9/2024)
"Deepfake" technology is becoming more accessible for cybercriminals, with voice cloning technology being the latest technology that uses artificial intelligence to replicate someone's identity.

Risk & Insurance (7/8/2024)
Many view captives as a solution to tightening terms and conditions or rising premium rates, but the process is complicated and may not be worth it for some companies.

Canadian Underwriter (7/5/2024)
While the losses to the reinsurance industry caused by Hurricane Beryl are within an acceptable risk, future hurricanes that hit Canada could rack up huge costs.

Carrier Management (7/5/2024)
Results from content and technology firm Thomson Reuters' “2024 Future of Professionals” survey found that artificial intelligence will provide a significant boost to productivity.

Reuters (7/1/2024)
A report released by broker Howden found that the cyber insurance market saw double-digit price reductions in 2023-2024.

Message from RIMS Leadership
For so many RIMS has stepped in to help support and guide their risk management programs, strategies, and careers. RIMS President David Arick shares the latest from RIMS and provides an update on new resources – including a new Hurricane and Storm Resource Center – events, and other on-demand learning opportunities.

RIMS Webinar, Sponsored by Riskonnect
On Aug. 27, leaders from Riskonnect will provide methods for successfully incorporating AI into a risk management program, including predictive models tailored specifically for claims and risk management.