The threat of wildfire destruction is expanding at a rapid rate due to climate change. Defensible space, wildfire resistant construction and resilience programs are three areas of focus pointed out by CNA loss prevention specialist Steve Hernandez.
Better data analytics is enabling a number of new parametric insurance solutions from a product to cover losses caused by an active assailant to ways to manage supply chain risk.
Climate change and an unwillingness on the part of owners and regulators to face up to infrastructure risks played a deadly role in the collapse of the Champlain Towers South in Surfside, Fla.
Extreme weather conditions — from fluctuating temperatures, to increases in severe storms and hurricanes — all continue to have a lasting impact on businesses worldwide.
In an effort to tackle severe weather and volatile storms, The Institutes has created Helix, an advisory board aimed at utilizing technology to assess natural disaster risk.
Could the risk management industry have been prepared for the risks 2020 presented? In a time where organizations may feel on edge, now is the time to trust that risk management is up to the job.
If 2020 has taught us anything, it is that risk does not discriminate, it does not care about economic status, race, gender, or nationality. To face the new level of complex risks and uncertainties facing our global markets, more innovative and resilient risk management models are needed in 2021 and beyond.