Risk Management Magazine (6/29/2022)
Digital interactions play a critical role in enabling customers to connect, communicate and interact with organizations. With dispersed workforces and customer bases becoming more common, securing the contact center is critical to help prevent the potential risk and exploitation of sensitive data and personally identifiable information (PII).

Reuters (7/19/2022)
UK temperatures exceed 40C for the first time as wildfires burn across southwest France and ravage parts of Spain.  According to a U.N. report from February 2022, climate change is triggering droughts, and the number of extreme wildfires is expected to increase 30% within the next 28 years.

Insurance Journal (7/18/2022)
Gunmaker Sig Sauer’s bid to block a product liability lawsuit has been denied by a federal court in New Hampshire.  The plaintiff, Kyle Guay, alleges he was struck by a bullet in the leg because his pistol fired without a trigger pull when he was removing the gun from its holster. The suit claims the pistol has a defect that allows it to fire under certain conditions without the trigger being pulled.

Insurance Journal (7/19/2022)
With an overall combined ratio in excess of 100 for the first time since 2017, private passenger auto joined homeowners in unprofitable territory in 2021, according to Fitch Ratngs. The new report includes listings of the top 10 carriers in both the personal auto and homeowners lines, along with a prediction from Fitch analysts that GEICO and Progressive will overtake State Farm on the personal auto leaderboard in terms of premium volume in 2023.

Property Casualty 360 (7/19/2022)
The latest Global Claims Review 2022 from Allianz Global Corporate & Specialty provides a well-documented look at the top loss sources and emerging trends based on claims from more than 200 countries and provides insights on what risks insurers should be monitoring. The company analyzed over 530,000 claims from 207 countries to identify the leading drivers of corporate losses.

Canadian Underwriter (7/18/2022)
Economists in Canada are predicting an even higher reading of inflation for June, as energy and food prices crept higher and the economy reopened further. The country's consumer price index hit a nearly 40-year high of 7.7% in May.

Property Casualty 360 (7/19/2022)
Accidents or fires at food processing plants in the United States can lead to major insured losses and claims of this nature are on the rise. Aging equipment and lack of proper maintenance are just a few factors driving large losses in this space.

Continuity Central (7/15/2022)
According to a new report from Accenture, 76% of companies cut costs to survive during the pandemic; now 90% of c-suite executives say they must take a whole new approach to costs in order to transform their businesses to respond to ongoing disruption while also uncovering new growth and value.

RIMScast
Listen to this new RIMScast episode featuring RIMS Publication Director Morgan O’Rourke. Morgan gives his 2022 midyear update on the current news and trends of the risk profession. He also shares his philosophy on managing his employees as a team leader, his thoughts on how prominent ESG should be in the collective mindset of risk professionals today, and how he believes ransomware and cyber hygiene will shape the future of the risk profession.

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