Property Casualty 360 (5/24/2019)
Despite being one of the oldest types of cyberattacks -- dating back to the 1980s -- phishing continues to plague businesses of all types as one of the most significant cyberthreats today. The recent global ransomware attack WannaCry, which infected more than 200,000 computers in at least 100 countries, originated with a successful email phishing attack.

Insurance Journal/Bloomberg (5/24/2019)
Ransomware attacks skyrocketed in the first quarter of 2019, according to the Beazley Breach Response (BBR) Services team, which reported a 105% increase in the number of ransomware attack notifications against clients compared to Q1 2018.

Canadian Underwriter (5/27/2019)
Expect to write less auto coverage with the rise of autonomous vehicles in 10 years' time, and more coverage related to climate change, property lines, and emerging risks. Thanks to the progress expected of autonomous vehicles, auto insurance will plateau, Rowan Saunders, Economical Insurance president and CEO, predicted during a panel discussion at InsurTech North recently in Toronto.

Risk & Insurance Magazine (5/24/2019)
The cost of employer-sponsored health care benefits is expected to near $15,000 per employee by the end of this year. Benefit costs continue to rise -- at two times the rate of wage increases and three times general inflation. But as employers wrestle with strategies to rein in their benefits spend, they face a range of potential pitfalls complicating their efforts.

Insurance News (5/27/2019)
Swiss Re's annual analysis of emerging risks with the potential to have major impacts on insurers includes some of the usual suspects -- climate change and the state of the global economy among them. But the list also contains a new entrant currently at the centre of a US-China struggle for tech supremacy: 5G.

Risk Management Monitor (5/28/2019)
A new study conducted by Texas A&M University at Galveston and the Texas General Land Office examines the 50-year impact of a major storm hitting Galveston Bay on the Texas coast near Houston, including secondary effects to the economy. The study focused on catastrophic "500-year" flood events (with a one-in-500 chance of occurring in a year), which, while rare, have hit the state 3 times in recent years.

Insurance Journal (5/24/2019)
Since October 2017 when the #MeToo era began and sexual harassment claims against Hollywood mogul Harvey Weinstein were revealed, insurers have seen an uptick in not only the number but also the size of sexual harassment claims.

Property Casualty 360/Bloomberg (5/23/2019)
As many as 8 hurricanes may form in the Atlantic in 2019, a "near normal" season following two years of storms that have left a trail of death and destruction in the Caribbean and U.S. coast. Nine to 15 named storms are forecast during the six-month season that starts June 1, according to the National Oceanic and Atmospheric Administration, which has been largely correct with its predictions in recent years.

Risk & Insurance Magazine (5/24/2019)
Hospitality companies face a wide variety of risks, but some are becoming more difficult to cover in a sustainable way (or at all) thanks to worsening weather, an over-reliance on digital tools and sophisticated cyber spies. Here are the top three increasingly uninsurable risks facing hospitality companies today.

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.

Although they are new and often not well understood, emerging risks can be identified, evaluated and response plans can be implemented to create a competitive advantage for the organization, according to RIMS new executive report titled, Identifying and Evaluating Emerging Risks. The report explores emerging risk research and discovery processes, evaluation strategies, response planning, steps to integrate emerging risks into the known risk portfolio, as well as helpful tips to address and overcome expected challenges to enhancing capabilities. Download this members-only report from our Risk Knowledge library.