Commercial Risk (4/14/2020)
The Swiss Re Institute predicts Covid-19 will produce one of the deepest but shortest recessions on record. It expects GDP to fall 4.5% in the euro area and 3% in the US this year, with global economic activity contracting by 1.2%.

Risk Management Magazine (4/1/2020)
Individuals perceive risks in markedly different ways. One person may consider a risk to be critical, while another could consider it inconsequential.

Property Casualty 360 (4/15/2020)
In recent weeks, an estimated 22 million Americans filed for unemployment or underemployment benefits as the economy struggles with the effects of the COVID-19 pandemic.

Insurance Journal (4/15/2020)
Litigation surrounding coronavirus responses is already underway and businesses are warning that the fear of more lawsuits could hinder the reboot of the U.S. economy.

Commercial Risk (4/14/2020)
The World Bank's pandemic bonds, which could provide $132.5m of funds to countries within the International Development Association (IDA) and International Bank Reconstruction and Development (IBRD), will be triggered and paid out - but only if reported cases of coronavirus continue to escalate rapidly in the developing world, as cases in China and Europe show welcome signs of plateauing.

Risk Management Magazine (4/1/2020)
In January 2019, a video surfaced online purportedly showing a Tesla self-driving vehicle knock over a robot prototype at CES, one of the world's biggest consumer electronics shows... However, the video was completely fake.

Forbes (4/17/2020)
We are living in unprecedented times. For most people and companies, this is unchartered territory. The COVID-19 outbreak has swept the globe, shutting cities, closing schools, curbing travel and prompting millions of workers to work from home.

Property Casualty 360 (4/13/2020)
Epidemiologists and historians will judge our readiness to deal with the COVID-19 pandemic, but there is another onslaught coming, one perhaps more predictable than the virus: a tsunami of coronavirus-related insurance claims. Will we be ready?

Insurance Journal (4/15/2020)
The insurance industry needs to spend time educating clients on how to best protect themselves as cyber criminals continue to capitalize on new vulnerabilities in the wake of the COVID-19 pandemic.

Knowledge@Wharton (4/15/2020)
Stress tests in the wake of the 2008 financial crisis helped restore public confidence in the banking system by showing that banks had enough loss-absorbing capacity to weather an even more serious economic decline, noted Wharton finance professor Richard Herring in an interview with Knowledge@Wharton.

Attend this new webinar on April 23 with Dr. Gleb Tsipursky, CEO of Disaster Avoidance Experts. This presentation will offer neuroscience-based strategies to realistically evaluate the current COVID-19 pandemic. It will also help to develop a long-term strategic plan to successfully navigate the disruptions caused by this and other pandemics. Webinars are free for members.

As the world faces this global pandemic, we know you have a lot on your mind. The impact of COVID-19 has impacted everything from our personal lives to our risk management programs. Your risk management community needs your help as it attempts to prepare for the future. Please take a moment to contribute to the 2020 RIMS Benchmark Survey. With so much uncertainty in the world, the information collected will be crucially important to risk professionals and their insurance renewal process. We have extended the submission date to April 30. Submissions can be sent to benchmark@rims.org.