Risk Management News

Cape Town Drought Highlights Water Scarcity Risk to Vulnerable Cities Globally: UBS

Cape Town’s water crisis, which saw the drought-hit city come within 90 days of turning off the taps earlier this year, highlights the threats to South African companies from a repeat event and should serve as a warning to vulnerable …

Alliant Acquires Texas Employee Benefits Firm, CLS Partners

Alliant Insurance Services has acquired the Austin, Texas-based employee benefits and risk management consulting firm, CLS Partners. The Austin-based firm brings a team of more than 50 professionals to Alliant, bolstering the firm’s presence in the state and continuing its …

FERMA, Latin American Risk Mgmt. Group ALARYS Partner to Offer Rimap Certification

The Federation of European Risk Management Associations (FERMA) and Latin American risk management association ALARYS signed a memorandum of understanding to jointly promote the FERMA rimap® risk management certification program. The agreement allows ALARYS to offer the FERMA certification to …

Sea Level Rise Puts $117.5B at Risk from Chronic Flooding

Those interested in risk management are starting to take climate change a bit more seriously. The evidence is anecdotal, but for that proof one can just ask Phil Renaud, executive director for the Risk Institute at Ohio State University, a …

A Look at Risk. Are New Risks Really New?

“The more it changes, the more it’s the same thing.” Alphonse Kerr “It’s like deja-vu, all over again.” Yogi Berra The world is undergoing a pace of change unlike anything that we’ve experienced in history. Most of that change is …

SMEs Need to Ready for Cyber Battle: Endeavour’s Loizides

A classic mistake made by many small and medium sized enterprises is to assume that they are immune from cyber attacks because hackers and fraudsters have bigger fish to fry. As a result, SMEs can be under-prepared in the face …

Cyber Risk Management Fails to Measure Up to Escalating Cyber Risks: Marsh, Microsoft

Few organizations are highly confident in their ability to manage the risk of a cyber attack, despite viewing cyber security as a top risk management priority, according to a new global survey conducted by Marsh and Microsoft Corp. In the …

UK’s Pool Re Launches Terrorism Risk Assessment Tool to Help Insureds Cut Premiums

Pool Re, the UK terrorism reinsurer, announced the launch of the Vulnerability Self-Assessment Tool (VSAT). Aimed at medium and large businesses, this tool will enable Pool Re member insurers to offer a 5 percent premium discount to insureds which “implement …

Cape Town Companies Threatened by Water Shortages After Record Drought

Businesses in Cape Town are growing increasingly concerned about the risk that chronic water shortages pose to their operations in South Africa’s second-biggest city and are taking steps to reduce usage and secure supply, a survey has found. Almost 80 …

Legal Marijuana Worries Canadian Oil Companies with Strict Drug Testing Regimes

Once recreational marijuana becomes legal in Canada, Garnet Amundson says it will get a lot harder to find the workers he needs at Essential Energy Services Ltd. And he isn’t the only employer who’s worried. Essential Energy provides services to …