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Riskwire
Today's Feature
Insurance Journal (9/23/2020)
Secondary perils, exacerbated by climate change, are driving catastrophe insurance losses, warn a growing chorus of reinsurers and brokers. Indeed, broker Aon reveals that more than 60% of 2020's insured catastrophe losses of $54 billion have been caused by secondary perils.
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Industry News
Risk Management Monitor (9/25/2020)
The active 2020 hurricane season has produced so many named storms that scientists ran out of traditional names and have moved to the Greek alphabet for the first time since 2005. 
Insurance Business (9/22/2020)
RIMS and India-based J.B. Boda Insurance and Reinsurance Brokers have initiated a partnership that seeks to develop and deliver risk management content, market research and education for international risk professionals.
Commercial Risk (9/23/2020)
Cyber insurance rates are expected to harden in line with increased demand as buyers respond to new risks linked to COVID-19, according to a new survey by Willis Re.
Property Casualty 360 (9/23/2020)
As cyber exposures continue to evolve, property underwriters (along with those in other traditional lines of insurance) are increasingly unwilling to include coverage for physical damage caused by a cyber attack.
Naylor Association Solutions
Risk Management Magazine (9/16/2020)
Multinational risk management is challenging during the best of times. Add in the complications associated with a global pandemic, including remote workers, tracking and managing policies across multiple lines in multiple countries, as well as monitoring claims and emerging risks worldwide, and things become even more complex.
Forbes (9/23/2020)
It is hardly a surprise that a siloed enterprise's operations can result in grave outcomes. A 2019 report by the Carnegie Mellon University on the "State of Cyber Intelligence Practices in the United States" shed light on the gravity of this challenge when it comes to cybersecurity business units.
Insurance Journal (9/22/2020)
A 200-strong coterie of mostly men gathered in the Poconos Mountains earlier this month to engage in what some regard as this pandemic era's ultimate taboo: a bacchanalian party.
Commercial Risk (9/23/2020)
Risk managers have generally fared well in the pandemic and boosted their reputation but many were found wanting when it came to identifying the risk in the first place, according to Airmic board members.
Canadian Underwriter (9/22/2020)
Cyber exposure for your clients has shifted from the obvious operational standpoint of remote working during the COVID-19 pandemic to a data retention standpoint, a Gallagher executive said recently.
Facilities Management Journal (9/23/2020)
The Institute of Workplace and Facilities Management (IWFM) has announced the launch of the Resilience Alliance -- a new professional relationship aimed at developing and promoting resilience globally.
Rims Resources
  
This new webinar will address the micro- and macro-economic impacts of COVID-19 as legislators, politicians and regulators take actions that extend workers' compensation benefits. Learn more about the impacts, including the potentially significant implications for interstate competition among states. Register now, and join us tomorrow, September 29, at 1:00 pm ET.
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RIMS, Airmic and The RepTrak Company launched a joint effort to answer the question: Why are risk professionals struggling with reputational risk management, and what are the missing elements they need? Over the past year, interviews were conducted with more than 40 risk professionals from across the United States and Europe to understand what is working inside organizations today and where improvements are needed. Download the report.