Insurance Journal (8/19/2019)
Businesses and organizations paid nearly two percent more in 2018 than they did in 2017 to cover the total cost of risk. Reversing the trend of falling average TCOR per $1,000 of revenue seen from 2013 to 2017, average TCOR rose from $9.75 per $1,000 of revenue in 2017 to $9.95 in 2018, according to the 2019 Risk & Insurance Management Society (RIMS) Benchmark Survey.

Property Casualty 360 (8/21/2019)
The Institutes RiskStream Collaborative has analyzed the benefits that blockchain and distributed ledger technology (DLT) applications could bring the insurance industry. The collaborative's analysis looked specifically at how a consortium-based approach to blockchain could support two events common in property and casualty insurance: proof of insurance and first notice of loss following an accident, both in personal auto lines.

Risk & Insurance Magazine (8/21/2019)
It's time to face facts: Self-driving cars are safer than having a person behind the wheel. Robots that can perform thousands, if not millions, of calculations a second are better equipped to decide how much braking distance a car needs than human judgment.

Risk Management Magazine (8/1/2019)
In its 2019 Global Crisis Survey of senior executives from companies in 25 industries across 43 countries, PwC reported those that had successfully weathered crises took similar steps to protect themselves before and after the event.

Insurance Journal (8/15/2019)
In a video taken through the windshield of Dung Le's 15-year-old Toyota Echo, an oncoming car breaks the monotony of a wide, nearly empty street on a quiet August morning in a sprawling residential Edmonton neighbourhood.

Insurance Journal (8/19/2019)
The 2018 Verizon Data Breach Investigations Report cited that 58% of cyberattack victims were small businesses, and the "2019 Symantec Internet Threat Report" stated that employees working at small businesses were "more likely" to be targeted by email threats (e.g., malware, spam, phishing) than those employed at larger companies.

Risk & Insurance Magazine (8/16/2019)
Medical cannabis has been a hot topic in workers' compensation for the last few years now. Currently, only four states -- South Dakota, Nebraska, Kansas, and Idaho -- have outright bans on marijuana use of any kind.

Risk Management Magazine (8/1/2019)
Contract review and negotiation is a crucial risk management task, but sometimes we must accept terms we do not like for any number of ­reasons. Perhaps the client refuses to make changes to their form of agreement. Maybe the project is critical to your firm and your operations team is willing to take on the risk. Whatever it is, a lack of input from the risk management department or a similar contract review process should never be the reason your firm accepts poor contractual terms and conditions.

Canadian Underwriter (8/19/2019)
There's one automotive technology that has industry experts excited because it's playing an increasingly key role in reducing crashes and increasing driver safety: autonomous emergency braking (AEB). But it will take some time before significant results are seen.

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.

You hear about insurtech everywhere -- in meetings, at conferences, in the news. What does it mean for risk professionals? This forum will provide guidance on "risktech," the latest technology tools that can help risk professionals manage risk today. Are you interested in leading a session at the RIMS Risktech Forum? If so, we would love to hear from you. The event will be held in New York City on December 9, 2019. The submission deadline is September 13, 2019.