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| RIMS.org | RM Magazine | Risk Knowledge Library | RIMScast | RISKWIRE Archive | ||||||
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Today's Feature
Risk Management Magazine (8/1/2019)
The U.S. Equal Employment Opportunity Commission (EEOC) received 76,418 individual charges of discrimination in its 2018 fiscal year alone. While this figure is a slight decrease from the previous year, the number is still significant and should prompt employers and risk managers to better protect their businesses by preparing to successfully resolve or avoid a discrimination charge filed by an employee.
Industry News
Risk & Insurance Magazine (8/1/2019)
In the aftermath of the grounding of Boeing's 737 Max fleet, the aerospace manufacturer recently set aside $100 million for the families of those killed in the Lion Air and Ethiopian Air tragedies ($50 million for "near-term financial help" and $50 million "to support education, including college tuition or other schooling expenses for children of victims and hardships or living expenses for impacted families.")
Property Casualty 360 (7/30/2019)
The proliferation of analytics across the insurance industry has created an army of amateur data scientists, many of whom believe they have discovered the next big variable or data set that can enhance, or even replace, actuarial tables.
Insurance Journal (7/31/2019)
Seven in 10 senior financial executives at the world's largest companies believe their insurer would cover most or all of the losses their company would incur in a cyber attack. Many of the losses they foresee, however, are rarely covered by insurance.
Risk Management Magazine (8/1/2019)
Like the larger world of health-related apps, the field of women's health apps and devices (sometimes called "femtech") is growing rapidly, with hundreds of millions of users worldwide and investors dumping billions of dollars into the market. These apps cover everything from tracking menstruation to guiding users through conception, pregnancy and childbirth.
Risk & Insurance Magazine (7/31/2019)
Reputational risk carries legal jeopardy. And board members are sitting ducks, unprotected and vulnerable to attacks that could damage them personally and destroy their future earning potential. In the past 12 months, 25 complaints were filed or amended in federal court that alleged, at least in part, board-level responsibility in connection with corporate reputational damage. Only six such cases were filed in the preceding year.
Property Casualty 360 (7/30/2019)
Another mass shooting shook the nation last weekend when a gunman randomly fired into the crowd at the Gilroy Garlic Festival in Northern California, killing at least three people, including two children, and injuring at least 12.
Insurance Journal (7/31/2019)
There's been a barrage of insurtech products hitting the market for several years now, creating confusion for some agency owners trying to decipher what is relevant to them, how to implement these products and whether to wait for new agency systems.
Canadian Underwriter (8/1/2019)
Canada's economy is expected to pick up in the coming months after going through a bit of a cold spell. But risks both domestically and abroad could get things off-kilter, a recent report found. An upward trend for the economy would be a positive for the insurance industry, as Craig Pinnock, chief financial officer of Northbridge Financial Corporation, told Canadian Underwriter earlier this month. Rims Resources
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