Risk Management News

Holmes Murphy’s CSDZ Adds Beyer to Minnesota Risk Management Team

CSDZ, a Holmes Murphy company, has added Cal Beyer to its Minnesota team as vice president of Workforce Risk and Worker Wellbeing. Beyer has over 30 years of safety, insurance, and risk management experience, with 24 of those years serving …

Risk Managers Expect Prolonged Recession From COVID-19: World Economic Forum

Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday. Two-thirds of the 347 respondents to the survey – carried out in response to the outbreak …

Walt Disney, Unions Agree on Coronavirus Worker Safeguards for Reopening Parks

Walt Disney Co. and unions representing workers at Florida’s Walt Disney World have reached an agreement on safeguards to protect employees from coronavirus, a union statement said on Thursday, removing one of the company’s hurdles to reopening its popular theme …

Insurers Must Re-Think Pandemic Response or Risk Reputational Damage: UK’s Airmic

Airmic, the UK association for risk and insurance professionals, has urged the insurance market to adopt a more responsible and business sensitive position on the COVID-19 pandemic or risk long-term damage to trust and reputation and loss of customers. “With …

India Releases Safety Guidelines on Restarting Factories After LG Chem Gas Leak

India has released safety guidelines for restarting manufacturing industries as it partially eases the world’s most expansive pandemic lockdown and tries to avoid further incidents after a gas leak last week. While restarting units, companies must consider the first week …

FERMA Forms Task Force to Find Solution for Non-Damage BI Cover – Such as Pandemic

The Federation of European Risk Management Associations (FERMA) announced the launch of a task force to create proposals to address the issue of business interruption coverage for catastrophic risks. “Our aim is to support the creation of economies that are …

Gas Leak at LG Chem Plant in India Kills at Least 7, Forcing Evacuation of Thousands

An overnight gas leak at an LG Chem Ltd. polymer plant in southern India has killed at least seven people and forced the evacuation of thousands in the city of Visakhapatnam after the company tried to restart operations following the …

Many Japan Firms Resist Telecommuting, Raising COVID-19 Risk for Call Center Staff

Almost a month after Tokyo declared a state of emergency, dozens of call center employees for telecom KDDI Corp still commute into their crowded office, where the fear of coronavirus infection has taken a back seat to data security. Call …

AXA XL Launches Virtual Risk Assessment Service Called ‘Remote Risk Dialogue’

AXA XL Risk Consulting has launched a new risk assessment service, Remote Risk Dialogue, to continue evaluating loss prevention across business lines amid COVID-19 restrictions. Using data captured from telephone calls, web tools and existing reports, Remote Risk Dialogue enables …

6 Ways Insurance Brokers Can Be a Resource to Clients During COVID-19 Crisis

Risk managers at companies of all kinds have been forced to rapidly evaluate how the coronavirus pandemic is affecting their businesses. They’ve had to react quickly with limited information while trying to forecast future developments. At the same time, they …