Risk Management Magazine (6/1/2022)
The pandemic has accelerated the adoption of collaboration platforms in the workplace such as Slack, Microsoft Teams, Meta’s Workplace and Zoom. Today, almost four out of five organizations rely on these channels to facilitate employee conversations and keep work on track. The data they produce is different from other electronic channels for business communications, and management of the resulting risks has not yet caught up to adoption.

E&E News (6/13/2022)
The Biden administration is proposing a massive overhaul of federal flood insurance that would prevent the government from insuring newly built homes in flood-prone areas and would drop coverage for homeowners who receive repeated claims payments. The administration also is proposing a nationwide disclosure law that would require homebuyers and renters to be told about a property’s flood history before they buy or lease a residence. 

Insurance Journal (6/14/2022)
As Western wildfires force evacuations in Arizona and California – on the heels of an early and severe wildfire season in New Mexico – insurers are increasingly eyeing the growing risks. Insurer concerns are real, and they are playing themselves out in what’s shaping up to be another long, and so far severe, Western U.S. wildfire season.

Business Continuity.com (6/16/2022)
Over 77 percent of organizations have at least one application that is not compatible with the latest version of Windows, with up to 25 percent of all applications incompatible for 89 percent of organizations. More than a third of businesses cited modernisation as an urgent priority, but organizations are also hesitant to initiate such projects, with almost a quarter of organizations either not at all or not very confident in their ability to fully upgrade these platforms to be 100 percent compatible with the latest version of the Windows operating system.

Insurance Journal (6/13/2022)
A salad dressing maker is seeking coverage from its insurer for costs it incurred in preventing a shutdown of one of its processing plants due to a pollution event. Massachusetts-based Ken’s Foods maintains its insurer has a common law duty to cover the expenses it incurred to prevent an imminent covered loss even if its policy says otherwise. But whether Massachusetts recognizes such a common law duty is unclear. The federal court — First Circuit Court of Appeals— that agreed to take up the case wants the state’s highest court to weigh in.

Business Insurance (6/15/2022)
A surge of employees heading back to the office following pandemic shutdowns, combined with a spike in shootings and other violence affecting workers, is causing companies to revamp emergency plans or initiate anti-violence training, according to experts.

Canadian Underwriter (6/15/2022)
A single large-scale natural disaster can cause the sudden failure of an otherwise solvent insurer, warns a new report from the Property and Casualty Insurance Compensation Corporation (PACICC). Climate change, which has fuelled increases in the severity and frequency of natural disasters, has become a “new and significant” source of potential insurer failures, PACICC says.

Reuters (6/14/2022)
Brexit is no reason to radically alter British financial regulation and regulators should not be forced to water down rules to boost London's competitiveness, or stray from global standards, a UK parliamentary committee report said on Thursday.

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RIMS Report
This RIMS report explores opportunities and best practices for risk leaders to successfully accelerate ERM into a well-designed and executed Strategic Risk Management (SRM) program. The report examines: why pivoting is necessary; SRM’s relationship to ERM; gaps between ERM and SRM; and more.