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| RIMS.org | RM Magazine | Risk Knowledge Library | RIMScast | RISKWIRE Archive | ||||||||
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Today's Feature
Risk Management Magazine (6/17/2025)
While 2025 has already seen record-breaking natural disasters, a recent survey of commercial property stakeholders by Nationwide revealed a widening gap between risk awareness and action. Over two-thirds (67%) of property owners, builders and business owners are “highly concerned” about natural disaster damages, a five-point increase from 2023, with this figure surging to 93% (+28points) in wildfire-prone states and 86% (+16 points) in hurricane-prone regions.
Industry News
Insurance Journal (6/27/2025)
Aon's 2025 Cyber Risk Report highlights that while cyberattacks are rising in frequency, the most significant and often uninsurable losses stem from reputational damage—which can reduce shareholder value by an average of 27%—underscoring the critical importance of prevention, strong security controls, and cyber maturity. Carrier Management (6/26/2025)
AI won’t offer a lasting competitive advantage because it’s widely accessible and easily adopted across industries, meaning true differentiation will depend on how creatively and uniquely companies use AI—driven by human ingenuity rather than the technology itself. Business Insurance (6/27/2025)
Heat-related workplace injuries significantly increase with rising temperatures—doubling at just 80–85°F and rising over sevenfold above 90°F—with young male outdoor workers in Southern states most affected, though true injury rates are likely underreported due to inconsistent tracking.
Reinsurance News (6/27/2025)
Severe convective storms in Europe and the U.S. are expected to cause hundreds of millions of euros and tens of millions of dollars in economic and insured losses respectively, highlighting growing risks from such events and their increasing impact on the reinsurance industry. Risk & Insurance (6/24/2025)
Despite rising cyber threats and incident rates, U.S. cyber insurance prices continued to fall in early 2025—marking a tenth consecutive quarter of decline—creating a favorable market for buyers, especially mid-sized companies, though many still lack adequate preparedness to manage growing financial, operational, and reputational risks. Tech Target (5/30/2025)
Businesses face a wide array of evolving and interconnected risks—ranging from strategic, operational, financial, and legal to emerging threats like AI and cybersecurity—and must actively assess, manage, and adapt to these risks through a structured, continuously updated risk management framework aligned with their strategic goals and risk appetite. Strategic Risk (6/22/2025)
Underinsurance is a persistent and worsening issue for businesses of all sizes. Despite a softening market, more available data and growing awareness, many policyholders remain dangerously exposed. Now is the time for risk managers to act. Canadian Underwriter (6/25/2025)
Allianz’s Wildfire Risk Trends report warns that businesses—especially in the utility and infrastructure sectors—face growing third-party liability exposure for wildfire ignition, with potential lawsuits stemming from property damage, bodily injury, smoke emissions, and even the use of harmful fire suppression chemicals. Rims Resources
RIMS ERM Interview Series
Learn about the ERM framework that guides the Tennessee Valley Authority, the largest public power company in the U.S. Sr. ERM Manager Kyle Bianco discusses the philosophy that guides a team of seven risk management specialists who work across the organization to identify, assess, and manage strategic opportunities and risks. RIMS On-Demand Webinar
“What CISOs Want Risk Executives to Know About Cyber in 2025” is the latest webinar to be added to the RIMS on-demand webinar library. Sponsored by Auditoboard, the webinar offers insight into the latest cyber risk trends, practical strategies for integrating cybersecurity into enterprise risk management, and how to collaborate effectively with the office of the CISO. RIMS Virtual Workshop – July 8-9
This RIMS Virtual Workshop aims to help risk professionals navigate the complex and critical area of risk appetite management. The instructor will dive into best practices for developing a risk appetite framework that clarifies your company’s position on risk taking, as well as how to construct risk appetite and risk tolerance statements. RIMS Career Center Entry-Level Jobs
Nationwide
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Apply Now! For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, Sustainability initiatives and inclusive corporate culture. Our Casualty Claims team is currently seeking early in career talent to join our Claims Development Program in our Itasca, IL location. |
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