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Today's Feature
Industry News
Risk Management Magazine (5/7/2020)
The close of 2019 witnessed a significant development in data security law that impacts companies engaged in the trading of public securities, as well as those companies that provide services to such organizations. Reuters (5/4/2020)
Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment portfolios. Bloomberg / Insurance Journal (5/6/2020)
America's meat-processing plants are starting to reopen but not all workers are showing up. Some still fear they'll get sick after coronavirus outbreaks shut more than a dozen facilities last month. Employees are taking leave, paid and unpaid -- or just quitting.
Risk Management Magazine (5/1/2020)
The return from a shutdown is not an immediate process and will likely occur gradually. Companies need to prepare for a phased-in approach as restrictions may be lifted unevenly across the country. Reviewing the lessons learned from China's reopening experience and the risk management strategies deployed can help give U.S. companies a valuable head start. Commercial Risk (5/6/2020)
A new report warns of a $1bn insurance protection gap for the legal US cannabis industry and says the coronavirus pandemic will make the market even tougher for buyers. Reinsurance News (5/7/2020)
The Federation of European Risk Management Associations (FERMA) has announced the launch of a taskforce to create proposals to address the issue of business interruption coverage for catastrophic risks. Insurance Journal (4/30/2020)
The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in their insurance coverage. Canadian Underwriter (5/5/2020)
As the P&C industry plans to return to the office safely while remaining socially distant, perhaps the greatest challenge lies in accommodating anxious, digitally-empowered employees and clients who aren't yet ready to return to traditional workplaces while the pandemic is ongoing. Rims Resources
Everyone's priority and focus has been and continues to be how to navigate during the COVID-19 global pandemic. This new webinar on May 12 will focus on global trends and issues having the greatest impact on risk management. Presenters will share their views related to three broad areas that apply to virtually every organization - crisis management, talent and technology. This webinar is sponsored by Sedgwick and is free for members to attend.
This RIMS report defines the risk committee concept and provides insight on the role risk professionals can take during its implementation, facilitation and the communication of its findings. The report also highlights the value of these committees, as well as regulations and potential challenges. Download this free report from our Risk Knowledge library.
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