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Riskwire
Today's Feature
Risk & Insurance Magazine (3/25/2019)
Thirty years ago, the World Wide Web was born. And since, it has shaped the way humans interact, conduct business and communicate globally. However, Sir Tim Berners-Lee, credited with the invention of the web, says the internet needs to be "changed for the better in the next 30" in a recent article with the World Wide Web Foundation.
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Industry News
Property Casualty 360 (3/27/2019)
Over the past few years, the United States has suffered a number of serious and devastating catastrophes from hurricanes to wildfires and even volcanoes. As always, multiple insurance issues arise whenever there are catastrophic losses. The past few years are no exception.
Insurance Journal (3/22/2019)
The business world has fundamentally changed, but most business people seem not to have noticed. Intangible assets and investments are increasingly dominating the leading economies. The world's largest retailer holds no inventory; the world's largest taxi service owns no cars; and the world’s largest hotel chain has no rooms.
Continuity Central (3/26/2019)
A new report from DHL examines last year's major supply chain challenges and identifies trends that will shape the risk landscape in 2019. Key events in 2018 included climate-driven disruptions affecting shipping, higher than expected cyber attacks targeting supply chain assets, and industry zone shutdowns impacting production activities.
Insurance Age (3/27/2019)
Digitalisation has transformed the media industry beyond recognition in the last 20 years. The development and almost ubiquitous use of smart phones in particular has meant that many people are almost permanently online and "consumption" is more than just habitual -- it has become ingrained in the very fabric of our lives. This technological shift has driven a relentless demand for new content.
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Property Casualty 360 (3/23/2019)
Nearly two-thirds of the Lower 48 states face an elevated risk for flooding through May, with the potential for major or moderate flooding in 25 states, according to the National Oceanic and Atmospheric Administration (NOAA).
Compelo (3/25/2019)
Insurance companies don’t understand the breadth of risk that extreme weather poses because they don't consult climate scientists "as much as they should," according to an expert. Stephan Harrison, director of consultancy Climate Change Risk Management, believes policymakers only speak to specialists in the field when there's a major incident, rather than on a consistent basis.
Insurance Business Magazine (3/25/2019)
Blockchain and the internet of things (IoT) are impacting understandings of data ownership and bringing benefits to certain industries, though the uses of these technologies are also shifting the conversation around cyber liability and privacy. When it comes to blockchain and other forms of distributed ledger technology, one expert told Insurance Business that he has yet to see sweeping, sector-wide changes come from its implementation, though the potential is clearly there.
Rims Resources
Be a part of the leading edge in enterprise risk management. If you are interested in leading a session at the RIMS ERM Conference 2019, taking place in New Orleans on November 4 - 5, we would like to hear from you. Successful submissions will address the latest issues facing ERM practitioners, as well as provide concrete takeaways for our audience. Sessions that are delivered by an experienced enterprise risk management leader will be given preference. The deadline for submissions is June 3.
  
While safety standards and regulations surrounding combustible dust hazards have been in practice for decades, combustible dust fires and explosions continue to occur, causing extensive property damage, worker injuries and fatalities. The U.S. Chemical Safety and Hazard Investigation Board's new "Call to Action" focused on combustible dusts hazards further exemplify the need for continued awareness, protection, and prevention of these tragedies. No one factor will prevent combustible dust explosions; a comprehensive approach to safety, prevention, and protection is required. To learn more, read this complimentary Global Risk Consultants white paper available in the RIMS Risk Knowledge library.