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| RIMS.org | RM Magazine | Risk Knowledge Library | RIMScast | RISKWIRE Archive | ||||
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Today's Feature
Risk & Insurance Magazine (7/10/2019)
From a start of effectively zero in 2017, there were more than a million scooter rides in 2018, noted Jillian Slyfield, digital economy practice leader at Aon. "That trajectory has not slowed. There was a turn a few months ago where more than half of new scooter rides are outside the U.S."
Industry News
Property Casualty 360 (7/9/2019)
Employers operating in states that have legalized marijuana use may be having a tough time figuring out how to handle a worker who smoked pot the night before. The employee may or may not still be experiencing some of the effects when they punch in for work -- whether they sit at a desk or operate heavy machinery.
Insurance Journal/Bloomberg (7/9/2019)
Oil tanker owners are avoiding sending their ships to the Middle East's main refueling hub after a spate of attacks on vessels in the past two months ratcheted up tensions and highlighted the growing risks of operating in the region.
Canadian Underwriter (7/11/2019)
Global mergers and acquisitions (M&A) activity over the past five years -- which reached a total value of almost $3.5 trillion in 2018 -- led to a starburst of transactional insurance last year. Transactional risk insurance covers risks related to M&A, including representations and warranties (R&W) insurance, tax indemnity insurance and contingent liability insurance.
Continuity Central (7/12/2019)
Companies worldwide expect to boost their cyber security investments by 34 percent in the next fiscal year, after raising them by 17 percent the previous year, according to a new study covering 467 firms across industries and based in 17 countries. About 12 percent of companies surveyed plan to bolster their cyber security investments by over 50 percent.
Risk & Insurance Magazine (7/10/2019)
A key piece of the #MeToo movement has been a powerful rallying cry to move beyond high-profile cases of harassment and abuse of power by celebrities and politicians and demand increased accountability across all industries and workplaces.
Property Casualty 360 (7/10/2019)
The risks and potential significant losses tied to blockchains can be lost in the hype of large companies deploying smart contracts, cryptocurrencies and other blockchain-powered programs. However, as companies leverage blockchain for valuable work, more are auditing those platforms to detect any coding errors that could lead to losses, lawyers contacted by Legaltech News said.
Forbes (7/9/2019)
In today's digital world, with near-instantaneous conveyance of information and data, cyber-events could (and routinely do) rapidly impact brand and shareholder value. While opinions differ on the need for cybersecurity experts on certain boards, there is a general consensus among management, boards, and investors alike that this need is growing.
Continuity Central (7/11/2019)
Equipment breakdown now rivals fire loss in both frequency and severity of claims, according to an analysis of large risk losses reported in 2018 to FM Global, one of the world's largest commercial property insurers. (Large risk losses are those losses greater than US$3 million that do not include natural hazard loss.) Rims Resources
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