Risk Management Monitor (7/15/2019)
Last week, after already experiencing heavy rainfalls and flooding, New Orleans was preparing for tropical storm Barry, expecting the storm to overflow or even breach the city's levees. Flights in and out of the city were cancelled, as were concerts and other public events, as the city braced for catastrophe.

Property Casualty 360 (7/15/2019)
Global insurance premiums passed the US $5 trillion mark for the first time in 2018, equivalent to more than 6% of world GDP, according to a new report from the Swiss Re Institute. The worldwide increase in premiums was based mostly on solid growth in the non-life sector, particularly in China and other countries in emerging Asia, as well as growth in advanced markets.

Insurance Journal (7/15/2019)
As the nation's most far-reaching data privacy law, California Consumer Privacy Act (CCPA), is set to begin Jan. 1, 2020, businesses and their insurers are preparing for a new era in cyber liability. Anxiety is on the rise and a sense of urgency has set in for Robert L. Wallan's clients. Wallan, a partner in Pillsbury Winthrop Shaw Pittman LLP in Los Angeles, Calif., handles class actions, insurance recovery and business-related litigation.

Risk & Insurance Magazine (7/11/2019)
Health care organizations are leading the way when it comes to using their captives to insure cyber risk, according to a new survey by Aon. Aon's Cyber Captive Survey 2019 Report -- 'Creating Value for the Cyber Risk Agenda' -- found that cyber gross written premiums grew by 263% year-on-year overall, illustrating a huge uptick in demand for cyber products among captive owners.

Canadian Underwriter (7/15/2019)
Your commercial clients may be able to get cyber insurance with fewer underwriting questions than in the past, but you should still pay close attention to those clients' risk management practices, the head of a Toronto managing general agent suggests.

Risk Management Magazine (7/17/2019)
Contracting parties need to pay attention to additional insured provisions in insurance policies. In most contracts for services, at least one of the parties (typically the purchaser) will require the other party to indemnify it for third-party claims arising from the project at issue.

Property Casualty 360 (7/15/2019)
Mobility expansion across land, sea and air has resulted in large-scale and widespread growth, but the trajectory is changing. While insuring the transportation risks of people and goods has been at the heart of our industry for centuries, mobility ecosystems rapidly evolve.

Risk & Insurance Magazine (7/11/2019)
From everyday office cubes to outdoor construction sites, approximately 2 million Americans each year are victims of a workplace violence incident, and those 2 million are only the incidents that get reported. Regardless of industry, the threat still exists.

JD Supra (7/16/2019)
A data breach may cost a company millions in recovery and liability damages, but rarely does a breach force a company into bankruptcy. However, a months-long data breach at American Medical Collection Agency (AMCA) in 2018-2019 did just that, forcing its parent company, Retrieval-Master Creditors Bureau Inc., into Chapter 11 bankruptcy. AMCA has not stated whether it had cyber insurance, but the situation presented by this breach and bankruptcy filing serves as a cautionary tale for those without adequate cyber insurance coverage -- or any at all.

As a risk management professional, you know how important it is to manage the risks your organization faces, but what about the risks faced by the third parties that you depend on? Can they impact you? The answer is YES! Actions taken by entities and individuals among your third-party network place your company at risk every day. The question is, "How do you manage your company's risk and proactively monitor for potential damages from your business partners?" Attend our new webinar, sponsored by LexisNexis, to learn why and how you can accomplish enhanced third-party risk management through innovative due diligence and monitoring technologies. This webinar is free for members.

Listen to our new episode with Lorraine M. Martin, the new president and CEO of the National Safety Council (NSC). Lorraine brings over 30 years of experience in both civic and corporate leadership to advance the Council's mission of eliminating preventable deaths at home, on the road and in the workplace. In this episode, she explains her role at NSC, what originally brought her there, what she learned about risk management systems from her previous role in the Air Force, and the current safety risks and hazards that are at the top of the risk register among companies and organizations as the new president of NSC.