Risk Management News

How to Help Clients Protect Payment Processing Systems

The holidays are coming, bringing heightened anticipation. Families look forward to time together, children can’t wait for presents, merchants envision boosted sales and criminals dream of a wealth of unprotected data just waiting to be hacked. Retailers are especially susceptible …

Technology Risk Mgmt Association TechAssure Names New Member in Germany

TechAssure, the international nonprofit association of insurance and risk management experts for technology-related risks, has named German insurance brokerage BüchnerBarella as a new member, effective immediately. Headquartered in Giessen, Germany, BüchnerBarella is an independent, full-service insurance brokerage firm that specializes …

Ships Must Meet Emission Rules or Be Deemed ‘Unseaworthy,’ Lose Insurance: IMO

Ships which do not meet cuts to the amount of sulfur they can burn in their engines risk being declared “unseaworthy,” the International Maritime Organization (IMO) said on Thursday. Shippers and refiner are not sure how they will comply with …

How Employers Can Help Make Workers’ Compensation Work

Nurse care management and a solid return-to-work program are two ways employers can proactively manage workers’ compensation costs. Panelists at the 2017 Risk Management Summit in Las Vegas, Nev., emphasized the role an employer plays in maintaining good communication with …

5 Risk Management Associations to Develop Mutual Recognition of Certifications

Five of the world’s largest risk management associations have agreed to work together towards a recognition of their respective risk management designations/certification programs. The organizations, ALARYS (Latin America), FERMA (Europe), IRMSA (South Africa), PARIMA (Asia) and RIMS (North America), signed …

May 2018 Deadline for EU’s Cyber Rule, GDPR, Spurs Corporate Action: Marsh

The upcoming implementation of the European Union’s General Data Protection Regulation (GDPR), which takes effect in May 2018, has elevated cyber risk to the top of the corporate agenda for organizations doing business in Europe according to a survey conducted …

With Federal Program Change, Wisconsin Dairy Farmers Have Risk Management Options

A change to the Dairy Margin Protection Program means Wisconsin dairy farmers can choose to opt out of the federal program and turn to other risk management strategies. The U.S. Department of Agriculture no longer requires farmers to enroll in …

Banks Seek More Insurance Protection Against Cyber Attacks, Rogue Traders

Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and insurers say they can help safeguard lenders by providing an extra layer of expertise. After a spate of expensive court …

FERMA European Risk Management Certification Available Online

The Federation of European Risk Management Associations (FERMA) announced that its European Certification program is now available online. The first online examinations will start in September. “This is a major step forward in giving access to FERMA Certification to risk …

Risk Management Process for Insurance Professionals

What does a risk manager do? Very simply, a risk manager improves the bottom line by making risk less risky. Maybe that doesn’t make as much sense as I thought it did. Let me back up a step and give …