Risk Management Magazine (8/24/2021)
A very difficult D&O market after 2020 and COVID-19 brought financial stress and fueled the hard market flames already burning from a huge increase in Securities Class Actions (SCAs).

Reuters (8/24/2021)
The White House is hosting an event that will bring together the largest U.S. technology companies for a discussion about cybersecurity challenges following a raft of high-profile hacking incidents earlier this year.

Risk Management Magazine (8/23/2021)
Lumber prices have soared in an unprecedented way, increasing over 275% in the construction industry since May 2020.

Property Casualty 360 (8/24/2021)
As the western U.S. bakes and burns under an unprecedented heat dome, Henri leaves a deluged East Coast staggering after a summer of deadly floods and record-setting tropical storms.

Insurance Journal (8/24/2021)
Greece’s fire department scrambled firefighting aircraft and ground forces as at least two new blazes broke out in areas already scarred by wildfires this summer, with strong winds complicating efforts to contain them.

Property Casualty 360 (8/23/2021)
The rise of e-bikes and e-scooters, and motorized bikes and scooters generally, may delight riders who can skip a stop-and-go cab ride in the city or stay active in their later years. But for many homeowners insurance carriers, the growing popularity of these vehicles may present a new wrinkle on the well-established bicycle/recreational vehicle risk exposures of property damage, theft, bodily injury, or injury to a third party.

Canadian Underwriter (8/23/21)
General Motors says it has expanded a recall of its Chevy Bolt electric vehicles to include all model years because of a risk the battery cells could catch fire.

Insurance Journal (8/24/2021)
At least six U.S. states, including Georgia, have decided they will not fully sign on to a proposed $26 billion settlement with three drug distributors and Johnson & Johnson, which have been accused of fueling the nation’s opioid epidemic, according to the states’ attorneys general.

Commercial Risk Online (8/24/2021)
The Italian government has launched a €191.5bn recovery plan designed to boost the country’s economic resilience and also set it on a path to a more sustainable and digitally-enabled future.

RIMS Webinar
When it comes to shared responsibility, inheritance and reliance, you need to make sure that your third-party risk management (TPRM) program is designed appropriately. Attend this webinar today, August 26 at 1:00 pm ET, to hear leaders from HITRUST discuss today’s TPRM challenges, considerations, and the best way to address them.

 

RIMS Buyers Guide
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