Business Insurance (6/4/2020)
The Risk & Insurance Management Society Inc. Thursday announced its official support for the Pandemic Risk Insurance Act of 2020. RIMS' endorsement of the PRIA legislation -- H.R. 7011, introduced by Rep. Carolyn Maloney, D-N.Y., in May -- follows a report released Tuesday by Marsh LLC that reiterated its view that a public-private pandemic risk insurance program is needed.

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. Nationwide, the regulation significantly impacts approximately 3,000 organizations, including banks, securities brokerage firms and insurance carriers.

Insurance Journal (6/1/2020)
UK insurance executives have taken another step toward developing a public-private risk-financing mechanism for future pandemics with the creation of work streams to take the idea from the drawing board to an operating company.

Commercial Risk (5/29/2020)
Experts have warned that insurance brokers could be next in line for legal action from companies unable to get Covid-19 claims paid. Companies across Europe and the world have been taking legal action against insurers for failing to pay what they say are valid business interruption (BI) claims for the coronavirus pandemic.

Insurance Business (6/2/2020)
The pressures exerted by the COVID-19 pandemic on workforce availability and maintaining supply chains are proving challenging to the power sector, according to a report by Willis Towers Watson.

Risk Management Magazine (5/1/2020)
At the start of 2020, the biggest challenge for many risk professionals when it came to purchasing or renewing their insurance policies was navigating an increasingly hardening insurance market in which rates were increasing for almost all lines. And then the coronavirus pandemic hit.

Insurance Journal (6/2/2020)
Defense attorney Ellen Greiper reported receiving more than the usual number of phone calls from plaintiffs attorneys earlier this month, suggesting that the call dynamics could be signaling a COVID-driven change in social inflation trends.

Property Casualty 360 (6/3/2020)
By May 2020, it was quite clear that the United States -- along with the rest of the world -- was deeply involved in a deadly and economically disastrous COVID-19 coronavirus pandemic, and there was little individuals or corporations could do to help themselves except to turn to governmental (state and federal) programs.

Commercial Risk (6/1/2020)
The impact of Covid-19 is yet to be fully assessed for many African insurers, both in terms of resulting claims and in terms of future business, as a group of insurers discussed at a recent roundtable.

Reuters (6/2/2020)
Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region's tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can't be moved easily.

Susan Hiteshew, ARM, RIMS-CRMP, is one of the most passionate RIMS members you are likely to meet. A RIMS board member and frequent presenter at society events, the self-professed "insurance nerd" jumped at the opportunity to take the RIMS-CRMP exam when it launched in 2016. RIMS sat down with Hiteshew, Marriott International's Sr. Director of Insurance - America, to discuss how the RIMS-CRMP has enhanced her career.

Building and maintaining a strong talent supply is a priority for organizations in every sector. This is especially true for risk management, which is experiencing changes in its workforce The RIMS Risk Management Talent 2025 Report offers insight about the future of the profession. RIMS, in alliance with Willis Towers Watson, The Hartford and Chubb, collected more than 1,170 surveys -- including 845 from risk professionals -- to understand who comprises the profession today, as well as who is projected to do so by 2025.