Risk Management Magazine (10/3/2022)
Several state data privacy laws come into force in 2023, including significant regulations in California and Virginia that take effect on Jan. 1. These laws will result in steeper requirements—and penalties—for many companies across the United States.

Risk Management Monitor (11/9/2022)
The 2022 hurricane season may be nearing its end, but it is clearly not over just yet. The aftermath of a hurricane presents many risks—while the storm may be over, the danger is not. Any storm that damages power lines, gas lines or electrical systems, puts you and your business at risk due to fire, electrocution or explosion.

Insurance Journal (11/7/2022)
According to a new report from APCIA, the direct loss ratio for auto physical damage reached 77.1% in the third quarter of 2021 — after reaching an historic low of 45.2% during COVID-19 business shutdowns in the second quarter of 2020.

Forbes (11/10/2022)
Hurricanes, floods, and forest fires impact the insurance industry before any other. Climate risk affects both the asset and the liability side of an insurer’s balance sheet. Hence, if there was ever an industry where doing good coincides with doing well, it must be insurance.

Continuity Central (11/9/2022)
Considering, defining, and building consensus around impact tolerances is a vital aspect of operational resilience. This guide, the Impact Tolerance Builder, provides a framework for developing impact tolerances.

Insurance Journal (11/10/2022)
Last week, the US Federal Trade Commission issued a new policy statement that empowers the agencies to prevent “unfair methods of competition.” The move comes under an aggressive push by the Biden administration to rein in corporate dominance and reinvigorate dormant antitrust powers.

Reuters (11/10/2022)
Zurich Insurance Group, Europe's fifth-largest insurer, said they expect a net $550 million pre-tax hit from Hurricane Ian, though they remain on track to beat their 2020-2022 financial targets, helped by premium rate rises.

Canadian Underwriter (11/8/2022)
With public health restrictions largely lifted, restaurant and bar owners now face a new set of risks, including labour shortages, increased supply costs and a rise in break-and-enters.

RIMScast
Our new RIMScast episode features Suzanne Christensen, SVP and Head of Enterprise Risk Management at Franklin Templeton. With Suzanne’s finger on the pulse of all things ERM, she shares why firms should only have one ERM framework, her favorite ERM framework and her thoughts on ERM and ESG becoming more mainstream.

RIMS Virtual Workshops
Are you new to risk management or want to hone your foundational knowledge? RIMS offers practical education to help risk professionals improve their understanding of the basic intent and outcomes of effective risk management in organizations and the link to organizational value.