Risk Management News

Cyber Joins Business Interruption as Top Global Business Risks: Allianz Survey

Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes supply chain disruption) is the major risk for companies …

Beecher Carlson Taps ACM to Handle Claims for National Client

San Diego, CA, January 7, 2019 – DS Services of America, in partnership with their broker Beecher Carlson, recently selected American Claims Management (ACM) to handle claims management in a portion of the states in which they operate. “In our …

Sompo International Launches Global Risk Control Services Function

Sompo International, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced it has launched a Global Risk Control Services function within its insurance business. Under the leadership of Victor Sordillo, senior vice president, Risk Control, the team …

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 …