RIMS Risk Management Magazine (10/15/2024)
In a digital-first world, the question is not if your organization will experience a cyber outage, but when. Disruptions, such as the recent CrowdStrike outage, can cause immediate financial loss and erode customer trust and market confidence. Despite the increasing frequency of cyber outages, many businesses still need to prepare.

Reuters (10/14/2024)
The proliferation of artificial intelligence is raising the risks of cyber incidents involving privacy, violations of advertising and intellectual property laws, and regulatory issues, with deepfakes being an especially large concern. 

Insurance Journal (10/15/2024)
With property insurance claims from Hurricane Milton estimated to cost over $1.9 billion, the cost of reinsurance and reinsurance prices are expected to spike.

StrategicRisk (10/8/2024)
The recent port strikes on the east coast of the U.S. had the potential to cause billions of dollars in supply chain disruptions, but risk managers were proactive in mitigating the risks to their organizations.

Business Insurance (10/8/2024)
Business interruption often led to even more significant damage than the cyber incidents that cause it, with the average claim involving business interruption being 270% higher than those without it.

Risk & Insurance (10/15/2024)
The rising use of ransomware led to a 14% increase in overall cyber insurance claims severity in the first half of 2024, with cybercriminals targeting third-party companies that provide critical services for other businesses.

PropertyCasualty360 (10/15/2024)
Estimates that consider wind, storm surge and precipitation-induced flooding predict that the combined damage from hurricanes Helene and Milton could reach $55 billion.

Carrier Management (10/11/2024)
Researchers developed a web-based application called CRIS-HAZARD that crowdsources flooding data in coastal communities to inform emergency managers and policymakers.

Asia Insurance Review (10/16/24)
Insurance CEOs are confident in their respective company’s' growth prospects over the next three years despite the risks posed by significant digital transformation.

RIMS White Paper, Sponsored by AuditBoard
AuditBoard presents the key trends in GRC for 2024, highlighting the dual need to adapt to rapidly changing regulations while maintaining the highest standards of ethical conduct across industries. The emphasis is on pivotal areas such as the impact of AI on regulatory and ethical frameworks, increased demands for data privacy and protection, and the expanding scope of ESG.

RIMS White Paper, Sponsored by Global Risk Consultants
It’s a critical time for risk managers to return to the basics of loss control. That begins with developing an effective property loss control formula that accounts for current market conditions, foundational risks affecting every business, and emerging risks. Global Risk Consultants will detail how to build a tailored loss control formula that addresses current and emerging risks, and how to identify loss control trends.

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