Risk & Insurance Magazine (7/8/2019)
Mark Zuckerberg's recent announcement that Facebook is working with a consortium to create a single global currency, Libra by name, may be worth a dollar or two for us to share our thoughts about risk management. Where should we start?

Risk Management Magazine (6/25/2019)
Many in the risk management community may be surprised to learn that workers compensation is not the exclusive remedy for their injured employees. While we generally think of workers compensation in this way, employers have learned the hard way that, over time, state legislatures and the courts have allowed employees to bypass the traditional workers compensation system to bring lawsuits directly against their employers for workplace injuries.

Property Casualty 360 (7/9/2019)
The massive hacking of Marriott International reservation databases could lead to a 99 million-pound ($124 million) fine as the U.K. cracked down on privacy breaches with its second major penalty notice in two days.

Insurance Journal/Reuters (7/8/2019)
Lloyd's of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused by a cyber attack, saying this was in the best interest of both brokers and customers. Lloyd's, the insurance market which covers risks from oil rigs to soccer stars' legs, said all policies must provide clarity on cyber insurance by either excluding or definitely providing cover.

Risk & Insurance Magazine (7/8/2019)
When a large nonprofit organization looked to develop a better crisis management risk assessment planning strategy, it decided to get into the game. Specifically, it chose a solution that uses game theory and gamification, among other tools, to assess and defend against potential crisis-driven risks.

Property Casualty 360 (7/8/2019)
The legalization of marijuana is beginning to touch every line of insurance including property & casualty, commercial general liability, workers' compensation, directors & officers' liability, cyber, product liability, health and life insurance. Offering coverage for cannabis enterprises can provide a new business opportunity for insurers, but it also raises many questions as they navigate the conflicts between federal and state regulations.

Insurance Journal (7/3/2019)
Workplace violence leaves chaos in its wake. Besides the psychic trauma, physical injuries and even sometimes fatalities, there are enormous financial impacts. Some are obvious, but many show up only with insightful analysis. Analysts have used statistics from workers' compensation reports, law enforcement, and numbers from the Bureau of Labor Statistics, and have arrived at a minimum cost of many tens of billions of dollars per year.

Canadian Underwriter (7/9/2019)
Attracting talent and putting legacy data to good use are two of the ways insurtech can help the industry, a claims professional says. Chris Hampshire, vice president of carrier practice at claims services provider Gallagher Bassett Services Inc., was asked during a recent episode of A.M. Best TV whether insurtech can make the industry more attractive to prospective employees.

CFO Magazine (7/9/2019)
If we have one job as CFOs, it's protecting the value of our companies. One of the most insidious threats to corporate value is sudden disruption from events like fire, hurricane, flood, earthquake, or cyberattack -- disruption that is ostensibly insured. The problem is, there's always a portion of that kind of loss that's uninsured. We tend to be vaguely aware of this risk, but rarely do we put numbers to it.

Over the past two decades, the concept and practice of risk management has grown and matured significantly. However, it has done so in very inconsistent ways, with different organizations, speakers and authors offering different and frequently inconsistent definitions and interrelationships for internal controls, risk management, enterprise risk management and strategic risk management. Dr. Douglas Webster, CFO at the US Department will discuss strategies to effectively deliver maximum stakeholder value during the session, From Risk Management to Value Management at the RIMS ERM Conference 2019 from November 4 – 5 in New Orleans.

The RIMS Risk Maturity Model (RMM) is both a best practice framework for enterprise risk management and a free online assessment tool for risk professionals. The RMM allows you to assess the strength of your ERM program and make a plan for improvement based on your results. After taking RIMS RMM, your organization will be provided a maturity report and an actionable set of guidelines that can help you begin improving your ERM program immediately. Empower your organization by taking these best-practice steps towards a successful and efficient risk management program that can improve business performance.