Risks/RM (Parent)

Insurance Agents Are Using AI Faster Than Their Firms Can Govern It

Despite surging investment in AI tools, relatively few independent agents use AI daily, and most operate without formal governance or training, according to Cake & Arrow.

Ransomware and Third-Party Vendors Drive Highest Cyber Insurance Losses, Willis Report Finds

Agentic AI Is Supercharging Commercial Espionage and Fraud

AI Is Reshaping U.S. Jobs and Skills, Creating a Two-Track Labor Market

Pharma Comes Home: What Reshoring Means for Risk Leaders

Recently in Risks/RM (Parent)

California’s COVID-19 Presumptions Could Mean Big Costs for Workers’ Comp

California’s new presumption law will enable all workers to file for workers’ comp if they believe they’ve contracted COVID-19 at work. What will this mean for the WC industry?

Universities Face Dire Financial Risks During COVID-19. So Do Parents and College-Aged Students Who Make the Wrong Choices

Even with COVID-19 in the mix, college is an investment, not a gamble. It just requires good risk management to make the right school choice.

Opinion | When We Reopen After This Pandemic, We Can’t Rely on the Band-Aid Approach

The wound left by COVID-19 is deep. Ripping off the bandage quickly will not promote swift healing and could re-open the wound.

Business Resiliency Post COVID-19: How Risk Management Must Up Its Game

COVID-19 revealed weaknesses in traditional methods of risk management. The lessons learned can help create a stronger global economy.

Ransomware Is Growing More Pernicious; It’s High Time Your Defenses Evolve

With ransomware and similar cyber attacks on the rise, it is vital for those in the field to help prepare SMEs for the potential dangers that lie ahead.

The Chief Risk Officer for the State of Montana Shares What the Risk Profession Can Do to Welcome More Young Professionals

For Brett Dahl, education in the risk management profession is better than ever, but more can be done to promote this exciting career.

5 Hard-Market Health Care Sector Considerations — Other Than Price

Several important considerations must be reviewed by the health care sector as lines transition into a hard market and organizations seek to protect their capital.

Rioting Plus COVID-19 Equals Complex Business Interruption Claims

But if their doors were already closed due to COVID-19, are businesses eligible for coverage? 

Supreme Court Sides with Insurers in $12 Billion Affordable Care Act Deficit Dispute

The Supreme Court sides with health insurers, ruling the federal government did indeed owe the $12 billion deficit to the carriers.

Aon Released Their Quarterly D&O Pricing Index and It Reveals Difficult Road Ahead for Event-Driven Markets

Aon’s Quarterly D&O Pricing Index for the first quarter of 2020 details the difficult road ahead in what may certainly be called a hard market.

A Risk Manager Converses with a Robo-Caller. The Ending Isn’t What You’d Think

After research on spam calling, one risk management lesson is abundantly clear: In order to understand risk, we must first confront it head on.

COVID-19 Isn’t the Only Illness We Need to Fear When Employees Return to the Workplace

Coronavirus isn’t the only illness employers need to fear when they return to the office. Stagnant plumbing systems make Legionnaires’ Disease a top concern.

Goodbye Passwords and Hello Retinal Scans: How Believers in Biometrics Are Making Their Data Protection Case

Organizations should not assume that any of the insurance policies they have in their portfolio will respond to a biometric privacy claim.

COVID-19 and Business Interruption: Some Losses Are Covered and Here’s Why

As some businesses prepare to reopen after COVID-19 quarantine, there are still more questions than answers when it comes to coverage for pandemic-related losses. 

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Opinion | Finding the ‘New Normal’ for Workers After COVID-19

Our work lives may never be the same post COVID-19. As disturbing and, in too many cases, acutely painful as this pandemic has been, perhaps there is room for hope in that idea.

Is COVID-19 a Black Swan Event? Let’s Do the Math

The impact of COVID-19 is unprecedented, yes. But a more aggressive approach might have allowed us to better weather the disruptive storm we’re now in.

Go Ahead, Monitor Your Remote Workers; But You’d Better Hope HR and Risk Management Get It Right

Employee monitoring software can keep your workforce accountable and productive, but it can also reduce morale and promote distrust. Consider the risks.

6 People on the Move

Liberty Mutual names David Perez chief underwriting officer of Global Risk Solutions, Chubb North America names a new chief underwriting officer, and more in this edition of People on the Move.

Supply Chains Took a Hard Pandemic Hit. These Zurich Execs Offer Advice on Post-COVID-19 Resilience

The COVID-19 has hit global supply chains with shocks whose impact could reach farther and last longer than any other event.

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Telemedicine’s Fine, But What Happens When Injured Workers Don’t Have Access During a Pandemic?

As hospitals focus on fighting COVID-19, many other types of care and procedures have been suspended. How will that affect workers’ comp?