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Today's Feature
RIMS Risk Management Magazine (8/15/2024)
As many experts predicted, the 2024 hurricane season has already been active with a number of storms already wreaking havoc. In July, the National Oceanic and Atmospheric Administration (NOAA) added Hurricane Beryl to its 2024 list of billion-dollar disasters, and the storm’s formation in June made it the earliest Category 5 hurricane on record. AccuWeather estimated Beryl caused $28 billion to $32 billion in total damages, of which insurers may face $2.7 billion in damages in the United States alone, according to catastrophe modeling company Karen Clark & Co.
Industry News
Insurance Journal (8/7/2024)
Insurers' top priorities for artificial intelligence include customer service delivery and claims management, with customer personalization coming in second. PropertyCasualty360 (8/15/2024)
Following an April 2024 data breach from background check company National Public Data, it's possible that every American's social security number is available on the dark web. StrategicRisk (8/15/2024)
Organizations using cloud services need to ensure their providers are adhering to compliance standards to mitigate potential security risks.
Reinsurance News (8/14/2024)
A report shows that 2.6 million homes across 14 US states are at moderate to very high risk of wildfire damage, with total reconstruction cost estimated to be around $1.3 trillion. Risk & Insurance (8/12/2024)
Nearly a third of employers increased their medical benefits in 2024 to stay competitive in a tight labor marketing, but rising costs are preventing many companies from following suit. La Niña Timing, Sea Surface Temperatures Will Be Critical for the Hurricane Season – Aon Reinsurance
Insurance Business Magazine (8/15/2024)
The combination of shifting La Niña conditions and above-average sea surface temperatures will cause the 2024 Atlantic hurricane season to intensify. Rims Resources
RIMS Resources
Recognizing the devasting impact of wildfires, risk professionals must be ready. The RIMS Wildfire Resource Center features a collection of articles, podcasts, and reports to support risk professionals as they proactively address this growing risk, act to keep employees and communities safe, and respond and recover effectively. RISKWORLD 2025
The deadline is approaching! Don’t forget to submit your session for RISKWORLD 2025 for a chance to present in front of risk professionals from around the world. Your submission should address the future of the risk management industry, including topics like evolving global risks, cyber and technology risks, alternative risk transfer strategies, business continuity, and other emerging topics. RIMS Career Center Jobs
RIMS Career Center Entry-Level Jobs
Nashville, Tennessee, Analyze and administer all aspects of the corporate risk management program for Ryman Hospitality Properties and its affiliates. Identify and evaluate potential risks associated with various business units and recommend programs to reduce organizational risk and legal liability. Reports to Executive Vice President and General Counsel.
West Chester, Pennsylvania, As an Associate Actuary, you will be responsible for leading model governance within the Investment & Risk Operations team. In this role, the individual will learn about the company's risk management framework and lead model governance initiatives – including best practices, validation, and regulatory oversight.
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