Risk Management Magazine (10/03/2022)
Due to unprecedented events marking the past few years, there has been a significant shift in coporate operations. Currently, more than three out of four full-time workers in the United States are working remotely at least some of the time. This shift has changed how compliance practitioners communicate with employees and relevant third parties, and has introduced new challenges.

Florida International University News (10/5/2022)
Despite Florida’s insurance rates nearly doubling in the past five years, insurance companies are continuing to lose money. Profit losses can be attributed to flood damage from hurricanes and the rising cost of reinsurance, but it is also largely due to fraud and litigation relating to the assignment of benefits issue.

Insurance Journal (10/6/2022)
Reforming European Union insurance rules to release billions of pounds of capital is a key part of the UK government’s program to boost the economy, but it is not without challenges. Rising interest rates and apprehension brought on by the increase in liability-driven pension funds could undermine the government’s efforts to roll back EU-era Solvency II rules, making it more difficult to hit its growth targets.

PropertyCasualty360 (10/6/2022)
Policyholders have come to anticipate a quick and easy claims process as more P&C insurers give insureds the option to submit claims online. If a claim is not settled in a month, customer dissatisfaction rises to 30%, putting the insured’s future premiums at risk. 

Insurance Business (10/6/2022)
The EPA has designated PFAS chemicals as hazardous substances, making it increasingly important for companies to assess if they have any insurance coverage to deal with potential PFAS lawsuits. State-driven litigation and class action lawsuits have already been filed against producers and distributors of goods containing PFAS.

Insurance Journal (10/6/2022)
According to a survey by Policygenius, most Americans would prefer to pay more for insurance coverage than employ data-monitoring. According to the survey, 68% of American customers indicated they would not download an app that tracks their location or driving habits in exchange for any insurance discount. 67% of respondents said they would only download a data-gathering app if their prices were cut in half or more.

Business Insurance (10/5/2022)
According to digital insurance exchange MarketScout Inc., commercial property/casualty insurance rates increased 5.3% on average in the third quarter with cyber liability increasing the most at 23%, followed by commercial property and commercial auto at 7.7%.

Asia Insurance Review (10/5/2022)
A new internet platform where all life and general insurance policies will be posted, has received IRDAI approval for 2023. The exchange, called the Bima Sugam, which would revolutionize the insurance industry, will include insurance services including insurance purchase, claim resolution, and other tasks, all under the IRDAI's supervision.

RIMS-CRMP Story
With nearly 20 years in risk and insurance, Neeraj Das of the Kalpataru Group in India felt the calling to test his own risk knowledge by studying for and passing the RIMS-CRMP exam in February 2021. He offered test-taking tips for rising risk professionals and those based in India and South Asia.

RIMS Webinar
Join this webinar on October 13 to gain an understanding of bank fronted surety bonds, a form of guarantee frequently used—and often required—in many business and regulatory situations. You will learn about the features of the product as well as the underwriting approach performed by most surety companies.