Risk Management Magazine (10/20/2022)
More than two and a half years into the COVID-19 pandemic, businesses around the world have developed new and innovative ways to resume operations, even though the virus remains an ever-present threat. However, it took a little longer for businesses to pivot their operations in order to provide a safe atmosphere for their customers and employees. 

Risk Management Monitor (10/25/2022)
According to Beazley’s recent Risk & Resilience Geopolitical Report, inflation is a key area of concern for business leaders and they expect economic uncertainty to remain high through to the end of this year. Concern over the impending impact of inflation is justified, as financial market volatility and losses are currently driving the greatest run-up in prices that the U.S. has seen in four decades.

Insurance Journal (10/21/2022)
“At mid-year reinsurance renewals, the property market was already exhibiting strains,” said said John Q. Doyle, group president and COO of Marsh McLennan. “Following [Hurricane] Ian, the property [catastrophe] market is likely to tighten even further and perhaps see a significant supply imbalance.”

Reuters (10/25/2022)
According to Macquarie Telecom Group, which runs cybersecurity for 42% of Australian federal employees, corporate insurers routinely pay hackers a ransom for the return of stolen customer data. "These are the largest corporations in the world, falling over themselves to pay criminals as fast as possible to cap their liability," Macquarie CEO David Tudehope said.

Continuity Central (10/25/2022)
According to the Gartner 3Q22 Quarterly Emerging Risks Report, business risks are top of mind, but concerns over critical infrastructure failures are growing. “Concerns about a macroeconomic downturn were persisting among executives through Q3 and the situation is not showing many signs of improvement,” said Chris Matlock, vice president with the Gartner Legal, Risk & Compliance practice.

Insurance Journal (10/25/2022)
Many vehicles have rearview cameras, but a bill has been introduced to have frontview cameras in all new vehicles as well. By taking away the blind spot in front of vehicles, allowing drivers to see children and smaller objects more clearly, this is taking a step in the right direction towards safer roads.

Rueters (10/26/2022)
There has recently been a shift in the plans of Japanese life insurers: More are buying super-long government bonds that now offer more attractive yields than hedged foreign bonds. 

Forbes (10/24/2022)
There have been a myriad of risks and challenges brought by the pandemic to the economy, such as supply chain shortages and global inflation. To keep business afloat, this article details three crucial pieces of advice for leaders in risk management. 

RIMS ERM Q&A Interview
Denise Cosentino, Director of ERM at Eversource Energy discusses what it took to get a seat at the table of New England’s largest energy delivery company. A U.S Honoree recipient of the 2021 ERM Global Award of Distinction, she also reveals how the ERM program is directly involved in the Fortune 500 company’s sustainability agenda and why benchmarking is so crucial to its success.

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