Property Casualty 360 (8/8/2019)
Netflix, Hulu and other streaming services have had a fundamental impact on the cable TV model. Companies such as Spotify have materially changed how the recording industry operates. The likes of Expedia and Travelocity have made traditional travel agencies relics of the past. Insurers, likewise, are not immune to the impact of technology.

Insurance Journal (8/9/2019)
Total economic losses, largely flood-driven, were expected to exceed US $600 million, while public and private insurers paid out nearly US $300 million, said Aon in its latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events.

Bloomberg (8/9/2019)
Bayer AG is proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer, according to people familiar with the negotiations. An agreement, which could take months to work out, would ease investor pressure over massive litigation exposure the German drug and chemical giant took on with its purchase of the weedkiller's maker, Monsanto Co.
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Risk & Insurance Magazine (8/1/2019)
Emerging risks like workplace violence, disabling injuries and inexperienced workers are driving up workers' comp claims and costs.

Risk Management Magazine (8/1/2019)
Many industries rely on contractual risk transfer to function properly. Business executives, risk managers and contract administrators spend countless hours ensuring they are appropriately transferring risk of loss from their operations to their vendors, subcontractors and other parties. In these industries, signing or requesting the signature of contracts is often a daily occurrence.

Insurance Journal (8/9/2019)
Remote employees place businesses at risk, yet many small business owners are not properly mitigating potential cyberthreats, nor are they adequately protecting their employee platforms, a new report says. As work-life and technology continue to evolve, a growing number of small business owners find themselves adopting remote work policies or "WFH" perks.

Property Casualty 360 (8/6/2019)
Last month, on a day that was sweltering even by Phoenix standards, Filiberto Lares knew he wasn't well. An airline caterer, he said he had spent hours moving between the scalding tarmac and a truck with no air conditioning. Lares, 51, was dehydrated and fell ill with a fever that would keep him out of work for four unpaid days. It wasn't the first time this had happened.

Risk Management Magazine (8/1/2019)
For ski resorts, unsurprisingly, business has traditionally been confined to the winter season. But that began to change in 2014 with the enactment of the Ski Area Recreational Opportunity Enhancement Act, which expanded the services that could be offered in ski areas operating on public land -- an estimated 60% of U.S. ski resorts.

Canadian Underwriter (8/8/2019)
When nearly half of your time is taken up doing mundane -- but essential -- tasks, one expert believes it's time to embrace a better way. Carlos Benfeito, Montreal-based head of insurance products at Element AI, noted that about 40% of an underwriter's job is taken up by manual data entry and evaluation. Think of the operational efficiency that can be had if an artificial intelligence approach is adopted.

RIMS will honor leading ERM programs that demonstrate innovative approaches and techniques to managing uncertainty effectively with the aim of creating, preserving or realizing organizational value. Be recognized for ERM excellence, and join a global community of experts by sharing your organization's approach for managing today's risk and opportunity landscape with your peers. Winners will be announced at the RIMS ERM Conference 2019 this November in New Orleans. Nominations must be submitted by August 23. Please review the award process for more details.

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 this complimentary webinar sponsored by LexisNexis on August 22 to learn why and how you can accomplish enhanced third-party risk management through innovative due diligence and monitoring technologies.