Insurance Business (1/21/2021)
With many states and counties in the US imposing stricter lockdown measures as cases continue to rise across the country, one expert predicts that there will soon be another round of certain business interruption insurance denials.

Commercial Risk (1/19/2021)
Business interruption (BI) has reclaimed its position as the top risk facing global firms, followed by a pandemic outbreak in second place and cyber incidents a close third, after taking the number one spot last year, according to Allianz Global Corporate & Specialty's (AGCS) Risk Barometer 2021. 

Bloomberg / Insurance Journal (1/19/2021)
The surge of U.S. business formations in the back half of 2020 has been one of the pandemic's many surprises. After cratering by 30% in the weeks following the March lockdowns, paperwork filed by prospective businesses started growing in June and finished the year ahead of 2019's tally by almost a quarter, according to a U.S. Census Bureau analysis of federal tax documents.

Insurance Business (1/22/2021)
If new research by risk management and insurance broker Gallagher is anything to go by, then it looks like businesses in the UK should be bracing themselves for a "surge" in litigation relating to the coronavirus crisis.

Property Casualty 360 (1/20/2021)
As President Joe Biden pledges to level up cybersecurity response and operations in the wake of the SolarWinds cyberattack, expect the new administration to build upon the current cybersecurity infrastructure. 

Commercial Risk (1/20/2021)
Losses from US storms could increase by about 20% by 2050 as more hurricanes make landfall, with storm surge losses modelled to increase by at least a third and potentially almost double, according to new research from AIR-backed Axis Capital Holdings.

Reuters (1/20/2021)
Britain's airlines, airports and aviation manufacturers pleaded for immediate financial support from the government and a longer-term recovery plan after COVID-19 stopped travel and new testing requirements dashed bounce-back hopes.

Asia Insurance Review (1/21/2021)
The COVID-19 pandemic and the way it is managed would lead to higher risk-aversion in society, SCOR Global P&C deputy CEO Laurent Rousseau predicted in his industry keynote address on the opening day of the India Virtual Rendezvous 2021.

Bloomberg / Insurance Journal (1/19/2021)
The world's biggest shipping company demanded a more effective military response to surging pirate attacks and record kidnappings off the coast of West Africa.

Property Casualty 360 (1/19/2021)
Cybercrime rose exponentially in 2020 amid the COVID-19 health crisis, with ransomware attacks increasing 40% year-over-year for the first three quarters of the year, according to a Guidewire report.

RIMS Webinar
Join us for this webinar on February 11 as our panelists explore the current state of the COVID-19 pandemic and lessons learned on prevention in the workplace. You will also learn about employee recovery and what role the vaccines may play in shaping our new normal.
Learn More...

 

RIMS Report
This 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.