Risk Management Magazine (6/1/2022)
Last December, the European Union’s Whistleblower Directive took effect. The mandate currently requires EU companies with more than 250 employees to implement effective internal mechanisms to enable employees to report and escalate concerns about corporate wrongdoing internally, and to prevent retaliation against them. In December 2023, the directive will expand to apply to businesses with as few as 50 employees.

Risk Management Magazine (6/1/2022)
As employers and workers continue to navigate a radically different labor market, many companies have been going to extreme lengths to recruit talent and fill job vacancies. When it comes to retention, however, employers may be lagging when it comes to addressing enhancements to their offerings for existing employees, posing a significant talent and operations risk.

Insurance Journal (6/2/2022)
On the first day of the Atlantic hurricane season, federal officials announced a new initiative to modernize building codes across the country so that communities can be more resilient to hurricanes, flooding, wildfires, and other extreme weather events that are intensifying due to climate change.

PropertyCasualty360 (6/3/2022)
Rate inadequacy has plagued the NFIP and Risk Rating 2.0 isn’t projected to change that in the near term. From 2014-2019, rates for the National Flood Insurance Program (NFIP) declined 9%, falling well below the 5% annual increases mandated by Congress, according to a review of NFIP data by Poulton Associates, LLC and HazardHub.

Insurance Journal (6/7/2022)
The U.S. Supreme Court on Monday denied a lawsuit from an Oklahoma Goodwill branch seeking coverage for COVID-19 business income loss. Goodwill Industries of Oklahoma had sought to appeal its lawsuit against Philadelphia Indemnity Insurance Co. to the Supreme Court after a panel of the 10th Circuit Court of Appeals granted Philadelphia’s motion to dismiss in December 2021. The Supreme Court did not offer an explanation in its decision to deny the lawsuit.

Forbes (6/7/2022)
For insurtech companies, the past year has been full of challenges, more so than many other areas of fintech. Funding for insurtech companies still grew in 2021– almost doubling from 2020 to reach $15 billion, according to CB Insights–but it expanded at a slower pace than the rest of fintech, which saw financing nearly triple over the same time period. Three insurtech companies made our Fintech 50 list this year, compared with six last year.

Continuity Central.com (6/7/2022)
The online 2022 FM Global Resilience Index has been released. The 2022 update includes 15 economic, risk quality, and supply chain measures that offer insights into the vulnerabilities of a country’s business environment and, conversely, its resilience.

PropertyCasualty360 (6/7/2022)
In 2019, 19.7% of global business leaders felt highly confident in their organization’s core cyber risk management abilities. This has largely remained unchanged, according to a report from Marsh and Microsoft Corp., as only 19% of business leaders are highly confident in their cyber risk programs today.

Associated Press (6/7/2022)
A looming Supreme Court decision on abortion, an increase of migrants at the U.S.-Mexico border and the midterm elections are potential triggers for extremist violence over the next six months, the Department of Homeland Security said Tuesday.

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