Risk Management Magazine (12/30/2022)
As this year’s hurricane season concludes, businesses have an opportunity to assess its impact, and rebuild, recover and safeguard against future storms. The lessons learned this year can help businesses impacted by hurricanes to better navigate the claims process and ease some of the uncertainty that devastating storms can bring.

Wall Street Journal (12/29/2022)
While many risks will continue into the new year, concerns over the pandemic have lessened. “There’s a general acceptance of ‘this is now the world where we live,’” says RIMS board member Kevin Bates, “and I think that’s a positive thing.”

Reuters (12/30/2022)
According to broker reinsurance broker Guy Carpenter, global insurance losses for natural catastrophes are projected to reach $112 billion in 2022, driven by the impact of Hurricane Ian, as well as flooding in Europe and Australia.

Insurance Journal (12/29/2022)
“We are finally seeing rates that are more closely aligned with clients’ specific risk profiles, a promising trend for buyers as we head into 2023,” said Jon Drummond, WTW Head of Broking, North America.

PropertyCasualty360 (12/28/2022)
According to the NICB, the number of stolen vehicles in the U.S. is expected to surpass 1 million in 2022. While car thefts make up only a small portion of insurance costs related to losses, they still have an impact, and there are steps that can prevent them.

Insurance Journal (12/29/2022)
“Computer software cannot experience ‘direct physical loss or physical damage’ because it does not have a physical existence,” the Ohio supreme court ruled.

Continuity Central (12/22/2022)
The UK Government has published its Resilience Framework, detailing a structure for the development and improvement of resilience across the UK, but how does this new framework hold up to scrutiny?

Reuters (12/29/2022)
Following prior claims that coverage would end Jan. 1, Japanese insurers are now expected to maintain maritime war insurance for at least three months for liquefied natural gas vessels.

RIMS Awards
RIMS will honor outstanding individuals and chapters for their achievements at RISKWORLD in Atlanta April 30 – May 3. RIMS award winners are seen as visionaries and leaders in risk management. Nominating a colleague shows you value their contributions to RIMS, their chapter and risk management.

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.