Risk Management Magazine (12/4/2022)
On Jan. 1, 2023, the California Privacy Rights Act will officially go into effect, expanding the rights of consumers over how their private data can be used. As enterprise risk management leaders take stock of the year ahead, the raft of imminent new privacy laws and regulations present a risk that organizations simply cannot afford to ignore. 

Insurance Journal (12/13/2022)
According to WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), nearly all lines of business in the U.S. continued to see rate increases in the third quarter of 2022.

Reuters (12/12/2022)
The Ohio Supreme court has joined other state courts in ruling that  businesses' insurance policies do not cover losses they suffered after being force to curtail operations due to the COVID-19 pandemic in 2020.

Strategic Risk (12/14/2022)
Mischa Repmann, a senior risk manager with Swiss Re, advises underwriters to not be ‘scared’ of providing cover for carbon removal. 

PropertyCasualty360 (12/14/2022)
RIMS has successfully met all ANSI requirements to uphold the RIMS Certified Risk Management Professional certification’s accreditation. See other industry updates from PCF Insurance, Ryan Specialty, Alera Group, and others. 

Reuters (12/13/2022)
According to non-profit CDP, the largest repository of voluntarily submitted environmental data, the majority of firms fail to respond to transparency requests, and only 1.3% score well on disclosures for climate, forest, and water impact.

Insurance Journal (12/5/2022)
Even before the impact of COVID-19 and the Great Resignation, the insurance industry has faced hiring challenges due to an aging workforce and smaller applicant pool.

PropertyCasualty360 (12/13/2022)
According to a survey by Embroker, 14% percent of startups are operating without existing cyber coverage, and 44% cite cost as the main reason they have neglected to purchase a policy.

Canadian Underwriter (12/9/2022)
Parametric insurance is a relatively new product in Canada, but as climate change increases the frequency of severe weather events, demand for parametric insurance is expected to increase.

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RIMS Webinar
Hear from a panel of cyber insurance experts as they discuss the growing and ever-evolving realm of cyber insurance. This webinar on January 5 will explore recent cyber-attacks on businesses, how cyber insurance can mitigate those threats, evolving regulatory requirements, and more.