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Today's Feature
Risk Management Lessons from New York's Cybersecurity Regulation
RIMS Risk Management Magazine (10/8/2024)
Recent updates from the New York Department of Financial Services introduced more rigorous cybersecurity requirements that go beyond controls set by federal agencies like the SEC.
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Industry News
Analysts Say Hurricane Milton Could Cost Insurers Up to $100 Billion
Reuters (10/9/2024)
As Hurricane Milton continued to barrel toward the Gulf Coast of Florida on Wednesday, experts said the storm could result in losses of more than $100 billion for the global insurance industry. 
How Geocoding Enhances Risk Management – and How It Looks to Further Evolve
Insurance Business (10/7/2024)
With growing adoption driven by climate change and the need for more accurate data, geocoding is reshaping how insurers manage risk. 
Risk Briefing: Learning Lessons from the U.S. Port Strike
StrategicRisk (10/8/2024)
The recent U.S. port strike highlighted the necessity for risk managers to obtain stronger levels of information to help insurers search for ways to mitigate risks beforehand. 
Why Homeowners Insurers Are Unprofitable and What To Do About It: Aon
Insurance Journal (10/8/2024)
A new report released by insurance broker Aon revealed that more than half the U.S. states reviewed  produced negative ROEs for homeowners. The report spotlights "continued poor underwriting profit results over the last decade."
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How the Increasing Demand for Cyber Insurance is Changing the Role of the CISO
CSO (10/8/2024) 
As more organizations seek out insurance, CISOs are becoming key advisors on coverage needs and learning to integrate policies into security response strategies.
R+V Re's CEO: We Have to Take the Challenge to Fight Climate Change Very Seriously
Reinsurance News (10/8/2024)
The re/insurance sector must step up and take a more active role in deomonstrating its value as the severity of natural diasters continues to increase worldwide, says Christoph Lamby, CEO of the German reinsurer R+V Re.
Insurers Use Diverse Perspectives to Identify Emerging Risks
Business Insurance (10/8/2024)
At a recent panel at the American Property Casualty Insurance Association's annual meeting, panelists highlighted new trends in AI involving cyber risks and discussed ways insurers can help the broader society assess the costs of emerging risks.
U.S. Property and Casualty Insurers' Shares Slump as Hurricane Season Losses Mount
Carrier Management (10/8/2024) 
U.S. property and casualty insurance stocks took a major hit earlier this week on the expectation that insurers will face billions of dollars in claims from the 2024 hurricane season. 
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Rims Resources
Cruising with Tony Quinones
  
RIMScast
Tony Quinones, Director of Risk Strategies and Compliance of Walt Disney World® Resort and Disney Cruise Line discusses the unique risks in his role and how he used continual learning to expand his career from claims to risk strategies and compliance. He also discusses his work supporting future generations of Hispanic risk professionals.
Listen here!
Deploying Third-Party Management to Navigate Risk Across Industries
  
RIMS White Paper, Sponsored by OneTrust
Risk teams recognize the need to move beyond siloes and bridge the gap between domains, leading to more holistic third-party management (TPM). This eBook breaks down third-party management, the target outcomes for TPM in financial services, technology, and manufacturing, and five key considerations before implementing this approach organization-wide. Download today!