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Today's Feature
Industry News
Risk Management Monitor (4/22/2020)
On Earth Day 2020, risk professionals can reflect on ways to protect both the environment and their businesses. Worldwide, climate change poses countless risks, including increasing the frequency and magnitude of natural disasters, reducing access to resources and disrupting supply chains. Bloomberg / Insurance Journal (4/21/2020)
Almost all U.S. companies are likely to include in their quarterly filings broad statements on risks the ongoing coronavirus pandemic poses to their businesses. Should they be disclosing more? Property Casualty 360 (4/20/2020)
Here are the latest key updates you may have missed over the past weekend relating to the novel coronavirus (COVID-19) as of April 20, 2020.
Risk Management Magazine (3/23/2020)
Never has senior management been faced with so many daily organizational threats stemming from computer-enabled perils. Risk management for protection of senior officers and the board has taken on new dimensions with unparalleled cybercrime and sweeping new data privacy regulations. Canadian Underwriter (4/21/2020)
A company that makes sweaters can't flip a switch the next day and start making hospital gowns for frontline healthcare workers before working through important insurance considerations, according to experts. Claims Journal (4/20/2020)
Sympathetic state lawmakers and regulators in states both red and blue promise to make COVID-19 a major cost driver for workers' compensation insurers. Canadian Underwriter (4/21/2020)
Commercial clients can buy insurance online if they want, but the COVID-19 pandemic is showing the importance of having a broker to help out, suggests Darren Rodrigues, the new president of the Insurance Brokers of Toronto Region (IBTR). Commercial Risk (4/20/2020)
European manufacturers in sectors such as fashion and retail that have rapidly cancelled orders from suppliers in Asia -- in some cases using force majeure to terminate contracts early because of the Covid-19 crisis -- are failing to live up to their responsibility to ensure their use of supply chains does not violate human rights, according to the European Centre on Constitutional and Human Rights (ECCHR). Rims Resources
Next month, RIMS will launch its new "Ask a Peer" risk advisory services program. The RIMS "Ask a Peer" advisors work with clients to navigate business risks and opportunities that support and guide critical risk management challenges and projects. Our advisory services focus on delivering value for clients and supporting their strategic and operational foundations. This program is open to all professionals in the United States, and contracts range from short to long term. For more information, please email us at Info-RIMSAdvisor@RIMS.org.
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