Corporate Risk and Insurance (3/7/2019)
The Risk Management Society (RIMS) has announced its 2019 RIMS Risk Manager of the Year. Taking the top spot this year is Luke Figora, senior associate vice president and chief risk and compliance officer at Northwestern University in Illinois, US.

Insurance Business Magazine (3/8/2019)
While Level 5 autonomous vehicles aren't commonplace yet, the car of today already looks vastly different than the vehicles that were on the roads a decade ago -- an evolution that has implications for insureds' exposures and insurance needs.

Brink (3/7/2019)
When PG&E filed for Chapter 11 protection in January, The Wall Street Journal dubbed it the "first climate change bankruptcy." The Californian power utility was facing $30 billion in potential liabilities following a series of devastating wildfires linked to its equipment -- wildfires made more likely by a prolonged period of hot, dry weather that had reduced the surrounding forests to tinder and which scientists have since attributed to climate change.

Food Dive (3/8/2019)
Not only has food safety been in this classification since 2007, but the GAO notes it has reported on the fragmented food safety oversight system for more than four decades. One of the issues keeping food safety on the GAO's high-risk list are the foodborne illnesses that can result from ongoing management problems.

TechHQ (3/7/2019)
We often hear scare stories about just how much a cyberattack would cost our businesses besides, of course, the damage to reputations and loss of valuable data. A new report by management consultancy firm Accenture, in coordination with Ponemon Institute, sheds some light on the financial clout of such an attack -- as the cost to companies from malware and "malicious insider"-related attacks jumped 12 percent in 2018.

Union of Concerned Scientists (3/6/2019)
The nonpartisan Government Accountability Office (GAO) today released its 2019 "High Risk" report, which -- like previous reports -- concluded that climate change is a major threat to taxpayer-funded federal programs and that the government must do more to address this ever-worsening problem.

Forbes (3/5/2019)
In Warren Buffett's 2019 shareholder letter, he called out the "Big One" alongside natural disasters as the key risks to his insurance portfolio. The "Big One" he is referring to is a cyber attack he describes as "...having disastrous consequences beyond anything insurers now contemplate."

Chicago Tribune (3/8/2019)
In the past two years, 27 Illinois health care providers and companies have reported data breaches involving at least 500 patients. That includes a recent incident at Rush that may have exposed the information of 45,000 patients. Yet health care providers, in general, tend to spend less on data security than companies in other industries.

Connecticut Law Tribune (3/8/2019)
More than 100 insurance-fraud bills are already in the hopper for state action. Three major state supreme court cases also could have a dramatic impact on combatting fraud. Privacy of consumer data - and how it affects fraud investigations - will figure big this year as well.

Captive Insurance Times (3/6/2019)
It appears the insurance industry may have misdiagnosed its talent crisis. Many talk about the talent crisis in terms of demand, explains Zach Finn, professor and director of the Davey risk management and insurance (RMI) programme at Butler University, who instead pins it as a "supply chain crisis."

By customizing an active shooter plan that focuses on prevention, training, feedback and post-incident protocols, employees will be mentally and physically prepared to react to violent threats, according to RIMS new Professional Report titled, Active Shooter Preparedness for Your Organization. Authored by RIMS Business Content Writer Justin Smulison and featuring insight from workplace violence and business continuity experts, the report highlights opportunities for risk professionals and their organizations to identify warning signs of potential attacks, best practices in communication and pre-event training, as well as strategies to implement a coordinated effort that minimizes injuries, property damage and uncertainties.

RIMScast celebrates Women's History Month by spotlighting three resilient risk management professionals in various stages of their careers. Kathleen P. Crowe of Aon Risk Solutions; Cassandra R. Cole, Department Chair of Risk Management Insurance at Florida State University; Soraya Wright, owner of SMW Consulting. Kathleen discuss her impression of women in the industry and whether or not the playing field is level, as well as the women she looks up to in the industry. Cassandra talks about her curriculum for teaching about risk management, how she incorporates new trends in the industry to her curriculum, and what the industry could do as a whole to get more women to take interest in risk management. Soraya discusses how she got started in risk management, her experience working at The Clorox Company and what led her to start up her own risk consultancy.