Risk & Insurance Magazine (9/20/2019)
Think the economy is humming along just fine? Here's a haunting statement that might get you rethinking things: The global economy has less capacity to absorb the impact of a shock than it did 10 years ago.

Reuters/Insurance Journal (9/20/2019)
From 2010 to 2018, average insured losses from secondary perils were almost double those from primary perils such as earthquakes and hurricanes, a Reuters analysis of Swiss Re data showed. While scientists are wary of attributing particular disasters to climate change, most agree it is making extreme weather more frequent or intense.

Risk Management Monitor (9/23/2019)
As a tropical storm battered parts of Texas with more than 40 inches of rain in 72 hours last week, Congress is debating whether to extend the National Flood Insurance Program, which expires on September 30. The NFIP is a government-run flood insurance plan that covers 5 million policies and is an alternative to the relatively shallow private flood insurance market.

Property Casualty 360 (9/23/2019)
The stakes are high for Gen Z workers, and as they take their places in organizations their expectations about work, money, and the workplace itself will change how business is done. Employers who fail to understand them will be left behind.

Canadian Underwriter (9/24/2019)
Even though post-tropical storm Dorian knocked out power to about 80% of homes and businesses in Nova Scotia, and left thousands more without power in the other Atlantic provinces, claims adjusters were well-equipped to deal with its aftermath.

Reuters/Insurance Journal (9/23/2019)
Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other big investors.

Risk & Insurance Magazine (9/22/2019)
AXA XL recently reported that, according to its liability insurance claims data, electric luxury cars and SUVs are 40% more likely to cause accidents compared to their combustion-engine counterparts.

Canadian Underwriter (9/23/2019)
Will future risk management professionals be prepared to meet challenges of the business by 2025? It depends widely on who you ask in the field. A RIMS poll of 1,170 people, including 845 risk management professionals, found that for risk professionals with 20 or more years of experience there was an even 50-50% split between those who felt confident or not confident to meet business challenges by 2025.

Business Insurance Magazine (9/23/2019)
Cyber threats and breaches have become an everyday reality for companies, but leaders still often fail to use "dollars and sense" to prepare for a cyber security breach, said a panel of experts Monday at the Chicagoland Risk Forum at the Marriott Magnificent Mile in Chicago.

Health IT Security (9/19/2019)
Across the globe, the majority of organizations are prioritizing cyber risk at a greater rate. However, confidence in the ability to detect and understand the ever-evolving landscape has significantly declined, according to the 2019 Global Cyber Risk Perception Survey from Marsh and Microsoft.

Will risk management professionals be prepared to meet business challenges in 2025? RIMS, in alliance with Willis Towers Watson, The Hartford and Chubb, collected more than 1,170 surveys - 845 by risk professionals - to understand who comprises the profession today, as well as who is projected to do so by 2025. The survey also asked respondents to assess their functions, the importance and impact of diversity and inclusion initiatives, and the effectiveness of educational curriculum. This new report is now available.

Risk management executives today operate in a time of abundance in two key areas: capital and data. Pension funds, sovereign wealth funds, and others have earmarked an estimated $1 trillion for investment in risk finance. And on the data side, too, the numbers are staggering: Some 2.5 quintillion bytes are created every day (and that's a year-old figure!) By next year, 1.7 megabytes of data will be produced every second for each of the Earth's 8 billion people. So what's the connection?