Risk Management Monitor (3/25/2019)
As the overall insurance market remains in a "soft" environment with rates generally decreasing, particularly in the workers compensation market, many captive participants might be questioning if now is the time to exit their captives and explore more traditional insurance options. While this is an understandable response, one of the main reasons for creating your own or joining a group captive is a long-term commitment to a strategy of retaining risk in order to reduce costs over time.

Business Insurance Magazine (3/27/2019)
The use of technology in the workers' compensation space is bringing significant, and positive, changes to this insurance market. Claims frequency is falling, which in turn is driving down rates everywhere, according to one expert.

Property Casualty 360 (3/28/2019)
Don't look now, but the workforce is aging. According to the Bureau of Labor Statistics (BLS), workers aged 55 and older made up 22.4% of the workforce in 2016 and by 2024, are expected to make up 24.8% of the workforce. BLS data show the number of workers aged 55 and older still on the job has increased by nearly 29% since 2012.

Insurance Jounral (3/28/2019)
By 2050, residents of southern Florida could become familiar with storms borne on 90-mph winds. Water levels during floods will rise by an average of 5 percent across the Southeast. And it will not be out of the ordinary for swaths of southeastern Georgia to be inundated under waters as much as 10 feet deep.

American Banker (3/28/2019)
The banking sector and its regulators have been grappling with the issue of reputation since the last economic collapse, but only recently have come to a clear understanding of what reputation means, how to assess and quantify its value and how to mitigate its risks.

Risk Management Magazine (3/22/2019)
Today, workers compensation leaders understand that by using physicians who have a track record of achieving superior outcomes, such as enabling prompt recovery and early return to work, they can facilitate improved results and significant savings on each and every claim -- spanning from simple medical-only claims to complex and even catastrophic cases.

Property Casualty 360 (3/27/2019)
U.S. regulators plan to revamp rules governing how medicines are manufactured, in an effort to ensure the safety of the nation's drug supply as recalls of contaminated imports from developing countries widen.

Insurance Journal (3/28/2019)
Nobody’s saying much as California Insurance Commissioner Ricardo Lara considers how he will respond to a petition submitted by climate change activists urging him to place new regulations on insurers to disclose what projects in the fossil fuel industry they underwrite.

The Washington Post (3/27/2019)
Winter is over and temperatures are climbing, which means much of the country will flock outside in the coming weeks, resuming outdoor activities. For the fledgling electric scooter industry, which is just over a year old, that means ridership is expected to rise as well.
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With the rise of new, innovative Insurtech solutions that are creating opportunities for risk professionals to optimize their efforts, RIMS has invited up-and-coming start-up companies to compete in the inaugural "RIMS Tech, the Insurtech Competition" at RIMS 2019 Annual Conference & Exhibition in Boston. Held in the Start-up Stadium – a section of the RIMS Marketplace dedicated to emerging start-up exhibitors --competitors will have the chance to demonstrate their technologies in a "Shark Tank"-styled showdown. The presentations will be judged by an expert panel of risk professionals hosted by Audrey Rampinelli, CEO and co-founder of OnRamp Risk LLC. The winner will be announced at RIMS Conference Finale on May 1.

Listen to our RIMScast episode featuring Emily Whitcomb the Senior Program Manager at the National Safety Council for fatigue initiatives. Ms. Whitcomb led the production of the new National Safety Council Report titled, "Managing Fatigue: Developing an Effective Fatigue Risk Management System," that encourages companies to create systems that combat the risk of fatigue. She discusses fatigue risk management in depth, including; the industries with the greatest number of fatigue-related injuries, the best fatigue risk management systems, how and why you should implement a sleep health program, countermeasures to boost alertness while on the job, fatigue responsibility, and more.