Property Casualty 360 (2/23/2021)
The formation of new small businesses surged in 2020, as so many Americans were forced out of work by the pandemic. Under record-high unemployment rates (14.8% in April 2020), and as some industries still struggle to reopen a year into the pandemic, many workers have taken matters into their own hands.

Risk Management Magazine (2/1/2021)
As the pandemic spread through the United States in 2020, insurance carriers rolled out custom-written endorsements to exclude or limit coverage under employment practices liability insurance (EPLI) policies for claims related to COVID-19.

Business Insurance (2/22/2021)
Nearly half of organizations increased their reporting of pandemic risks in response to COVID-19, while 34% increased their focus on low-likelihood/high-impact risks, the Risk & Insurance Management Society Inc. said in a report Monday.

Reuters (2/23/2021)
Digital platforms have soared five-fold over the past decade, offering opportunities to some but also eroding workers' rights, the International Labour Organization (ILO) said on Tuesday.

Bloomberg / Insurance Journal (2/22/2021)
Uber Technologies Inc.'s defeat in a UK legal battle over the way it treats its drivers is set to trigger a wave of complaints from workers across the region.

Risk Management Magazine (2/1/2021)
In the workplace, political discussions and disagreements can sometimes lead to serious incidents, including physical violence. Although the COVID-19 pandemic has forced employees to work from home, limiting the chances of altercations in the office, even less intense incidents among staff can impact employee morale, teamwork and productivity.

Insurance Journal (2/22/2021)
If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured through the National Flood Insurance Program (NFIP), the NFIP rates would need to increase 4.5 times to cover the risk today.

Canadian Underwriter (2/19/2021)
Nearly two-thirds of Canadian small businesses would consider using rapid testing to screen employees if it would help their business to stay open, says a recent survey. The Canadian Federation of Independent Business says 63 per cent would adopt rapid screening.

Commercial Risk (2/22/2021)
The European Commission (EC) has said the UK's data protection laws are strong enough to allow for the free flow of personal information between the EU and UK as the two sides renegotiate following Brexit.

RIMScast
RIMScast's Black History Month coverage continues with a look at successful supplier diversity initiatives in risk and insurance with Rodney Johnson, Vice President of Culture and Inclusion in the Business Division at Gallagher. Rodney discusses how and why such initiatives are key to attracting and retaining Black and diverse talent in the risk profession year round.

 

RIMS Webinar
Attend this new webinar today, February 25, at 1:00 p.m., and learn how to identify weak and inefficient areas of manual effort within your ERM program. Take away alternative approaches to effectively collect and mine third-party risk information. RIMS webinars are available on-demand for one year for registered participants. Register now for free.