Risk Management News

The National Alliance for Insurance Education & Research CISR High School Program Exam Success

Austin, TX – January 12, 2021 – The National Alliance for Insurance Education & Research received recognition on local Lansing news station FOX News 47 for the Certified Insurance Service Representative High School program. The news station highlighted a second-year …

Amalgamated Life’s Dunkin Becomes RIMS President for 2021

The risk management society RIMS announced that Ellen R. Dunkin will lead the organization as president for the 2021 term, which began January 1. Dunkin is the senior vice president, general counsel and chief risk officer for Amalgamated Life Insurance …

Fatal Accident Halts Production at Hyundai’s S. Korean Factory After Refit for New EV

SEOUL – Production at Hyundai Motor’s factory in Ulsan, South Korea, was halted on Monday after a worker died in an accident, shortly after the plant was refitted to manufacture a new electric vehicle, a labor ministry official and union …

Insuring Cannabis Summit: Talking to Clients About Risk Starts with Education

Editor’s note: This is part of a series of articles based on panels and presentations during Insurance Journal’s 2020 Insuring Cannabis Summit on Nov. 19. Believe it or not, talking to cannabis businesses about risk isn’t much different than talking …

COVID-19 Fuels Abandonment of Ships – and Their Cargoes and Crews

From the deck of their tanker, Captain Samig Nabiyev and his crew could see the smoke and fire rising over the Port of Beirut, 900 meters away. When the flaming warehouse exploded, the force of the blast knocked Nabiyev flat …

Willis Towers Watson Partners with Polecat Intelligence on Emerging Risk Analysis

Willis Towers Watson, the global advisory, broking and solutions company, announced a partnership with Polecat Intelligence Ltd,, a business intelligence and data analytics company. Together, they are developing insurance solutions that enable organizations to respond to the rapidly changing, increasingly …

Global Banks Battle COVID-19 Crime Wave

LONDON — Fraud risk analyst Rajendran Raj was used to the odd out-of-hours alert from authorities, but a call one Saturday in March heralded a new era, of tackling criminals seeking to cash in on coronavirus. A French drugs firm …

‘Urgent Action’ Needed to Help Stranded Sailors and Avoid Supply-Chain Risks

Fidelity International is calling for urgent action to address the humanitarian crisis and supply-chain risks caused by the more than 400,000 seafarers who are stranded aboard vessels and a similar number who remain ashore with little prospect for work or …

Mining Giants BHP, Vale Accused of Colluding to Cut Payouts to Victims of Dam Collapse

Brazilian federal prosecutors have accused mining giants BHP and Vale of colluding with a lawyer to reduce compensation for victims of a fatal dam collapse and interfere with a landmark lawsuit against BHP in the UK. A mining waste dam …

Australia’s Westpac Takes A$1.2B Charge Against Q2 Earnings for Laundering, Refunds

Westpac Banking Corp. has taken a A$1.2 billion ($871 million) charge against second-half earnings to cover a record money-laundering fine and the mounting cost of compensating customers for years of misconduct. The charge is the latest blow to Australia’s oldest …