Reuters (4/29/2020)
The U.S. insurance industry is promoting the idea of an insurance plan backed by the federal government that would help businesses that in the future suffer losses from a pandemic, people familiar with the effort told Reuters.

Risk Management Magazine (4/1/2020)
The U.S. legal cannabis industry has been booming as more states legalize medical and/or recreational use. In its U.S. Cannabis Report 2019 Industry Outlook, cannabis research firm New Frontier Data found that total legal sales will have a compound annual growth rate of 14% in the next six years, totaling almost $30 billion in 2025.

Commercial Risk (4/28/2020)
Risk management and business continuity plans have been shown by the Covid-19 crisis to be absolutely critical in the effort to maintain supply chains in Asia and on a global basis, and need to be improved to protect Asia's position as a global trade and investment hub, Japan and the Association of Southeast Asian Nations (ASEAN) have formally agreed.

Claims Journal (4/23/2020)
Two groups of plaintiffs -- one in Philadelphia, the other in Chicago -- are asking federal courts to consolidate lawsuits filed by businesses that are seeking coverage for business-interruption losses caused by coronavirus stay-home orders.

Insurance Journal (4/28/2020)
The risk of a pandemic was known prior to the current health crisis, yet in disclosing their risk factors to shareholders in 2018, public companies showed little foresight in terms of the impact and likelihood of a pandemic, according to research from the University of Notre Dame.

Risk Management Magazine (4/1/2020)
Workplace collaboration tools may be exposing companies to data exfiltration risk, according to Code 42's 2020 Data Exposure Report on Insider Threat. 

Property Casualty 360 (4/28/2020)
Reports of hundreds of thousands of containers stranded around the world have flooded news desks globally. Because of COVID-19, ports have limited ability to clear these landed containers, and a slew of blank sailings leave these containers stuck on piers.

Canadian Underwriter (4/22/2020)
Industry leaders should begin preparing right now for the post-pandemic business environment, while still managing the immediate fallout of COVID-19, two partners of a strategy consulting firm said recently. 

Commercial Risk (4/24/2020)
The dramatic shift to home working caused by the Covid-19 virus presents specialist cyber insurers that actually differentiate between policyholders based on their risk management approach and also become involved with crisis response, with a 'generational' opportunity to take advantage of spiralling demand for cover, according to equity analysts at the UK arm of US investment bank Jefferies Group.

Canadian Underwriter (4/23/2020)
The COVID-19 pandemic is putting renewed emphasis on digitizing of insurance processes including payments, claims, applications and signatures, a Canadian fintech venture capital executive suggests.

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 and 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.

The risk of not adopting some form of artificial intelligence (AI) can be much greater than the potential risks of implementation, according to RIMS Professional Report: Making Sense of Artificial Intelligence and Its Impact on Risk Management. Authored by RIMS Strategic and Enterprise Council member and director, Microsoft Enterprise Risk Management, Tom Easthope, the report explores forms of AI available to organizations, common implementations scenarios for risk professionals to consider, as well as opportunities for those professionals to advance their careers in light of the emergence of AI technologies. Members may download this free report from our Risk Knowledge library.