According to data analyzed by Protecht, U.S. organizations paid more than $345 billion in corporate fines between 2020 and 2024. The most common fines were for safety-related offenses, including workplace safety or health violations (88,404) and employment issues such as wage and hourly pay violations (36,266). While financial violations made up only 7% of all fines, they were the most costly, totaling over $69 billion and averaging over $27 million per fine.

Strategic Risk (12/15/2025)
Boards are shifting from fragmented risk silos to integrated, portfolio-based oversight. They’re using shared lexicons, cross-functional governance, scenario exercises, dashboards and cultural change to link risk with strategy, improve decision quality and capture value from consolidated risk controls.

Carrier Management (12/18/2025)
A Duke-led study of 2013–2024 turnout ensembles revealed that newer PFAS-free models contain higher concentrations of brominated flame retardants—especially DBDPE—than legacy PFAS-treated items. These compounds, found across all layers, may pose health hazards.

Captive Intelligence (12/9/2025)
Captives are increasingly considering pure fronting arrangements to access coverage for hard-to-place risks. This approach leverages licensed carriers for regulatory compliance while retaining risk in the captive, offering flexibility but requiring careful attention to credit, collateral and counterparty stability.

Property Casualty 360. (12/15/2025)
The insurer is pursuing advanced automation to streamline underwriting and claims processes, aiming for significant efficiency gains. Leadership projects cost savings from the initiative focused on AI-driven workflows, reduced manual tasks and improved customer experience.

Carrier Management (12/17/2025)
Managing general agents now oversee over $100 billion in premiums—about 10% of the P/C market—and continue expanding rapidly. They drive innovation by addressing coverage gaps and exploiting market opportunities more agilely than traditional insurers.

Insurance Journal (12/18/2025)
AI is transforming insurance from predictive analytics to generative capabilities. Unified data and no-code platforms accelerate innovation, improving efficiency, customer experience and resilience while positioning insurers to address systemic risks at scale.

IRMI (12/19/2025)
Many reinsurance agreements include clauses let parties exit early under specific events, such as insolvency, underwriting cessation, rating downgrades, collateral failures, mergers, or political disruptions.

RIMScast
Joseph A. Milan, Ph.D., joins RIMScast to discuss the core philosophy or mindset for risk managers, the definition of acceptable risk and how acceptable risk changes, depending on the organization’s culture, strategy or industry. Milan also shares his view on common mistakes and how biases can lead to gut decisions that are the least effective solutions. Enjoy this podcast!

Professional Report, Sponsored by AuditBoard
The NIST AI Risk Management Framework (AI RMF) was created to offer a voluntary guide for organizations aiming to improve their management of AI-related risks. Adopting the NIST AI RMF involves a series of steps to integrate its principles into your organization's processes. AuditBoard has provided this checklist to help you get started with practical tips for beginning your AI risk management journey. Download today!

RIMS-CRMP Story
Bill Coller is the Enterprise Risk and Internal Controls Manager at Paychex, a market leader in HR, payroll, and benefits. While earning his RIMS-CRMP in 2024, he learned unique ways to further solidify his ERM processes.

New Jersey
Pryor Associates

Madison, Wisconsin
Sentry Insurance

Reston, Virginia
General Dynamics

 Westfield Center, Ohio
The Small Business Trainee, working under direct supervision, is responsible to acquire knowledge, experience, skills, and business acumen in the assigned area. The role completes educational, work, and relationship building experiences and participates and engages in all assignments/experiences, soliciting feedback regarding performance, and closing gaps in his/her knowledge, skills, and business acumen. In addition, the role also establishes a strong foundation by building relationships and identifying resources that will help them in their career.

Westfield Center, Ohio
The Middle Market Trainee, working under direct supervision, is responsible to acquire knowledge, experience, skills, and business acumen in the assigned area such as Claims, Surety, IT, etc. The role completes educational, work, and relationship building experiences and participates and engages in all assignments/experiences, soliciting feedback regarding performance, and closing gaps in his/her knowledge, skills, and business acumen. In addition, the role also establishes a strong foundation by building relationships and identifying resources that will help them in their career.

League, Texas
American National Insurance Company was founded in 1905 and is headquartered in Galveston, TX, with several locations across the US: League City, TX, Houston, TX, Springfield, MO, and Glenmont, NY. Our Internship Program is designed to provide young professionals with corporate experience that is not offered in the classroom. In addition to supporting their respective department, each intern will have the opportunity to attend professional development sessions, volunteer within the community, and attend company-sponsored social events.