This post first appeared on Risk Management Magazine. Read the original article. Around the world, people are dealing with an endless volume of new information about the coronavirus outbreak. They are distracted, stressed and concerned about the well-being of family and friends, and many are making the disorienting shift to working remote, some increasing the (more…)
Lessons from China’s COVID-19 Recovery
This post first appeared on Risk Management Magazine. Read the original article. On January 23, the Chinese government locked down Wuhan, the original epicenter of the COVID-19 outbreak. While people prepared to start their Chinese New Year celebrations, factory managers worried about the impact on labor and production. In many cases, fractured management teams located (more…)
Preparing for COVID-19 Insurance Claims
This post first appeared on Risk Management Magazine. Read the original article. The COVID-19 pandemic has created a public health and economic crisis of unprecedented magnitude. In the coming weeks and months, it will also lead to insurers, regulators and policyholders clashing over claims issues including which coronavirus-related business losses are and are not covered (more…)
Employer Response to COVID-19
This post first appeared on Risk Management Magazine. Read the original article. More than 70% of U.S. companies surveyed by law firm Blank Rome’s COVID-19 Task Force did not have a pre-existing pandemic risk management plan in place when the virus hit. Conducted from March 19 to 23, the COVID-19 Employer Trends Survey provided a (more…)
3 Ways to Improve Your Crisis Communications Plan After COVID-19
This post first appeared on Risk Management Magazine. Read the original article. Risk professionals across many industries have been forced to rapidly evaluate the short- and long-term effects of the ongoing coronavirus pandemic. There has been tremendous pressure to respond quickly while planning for potential future risks and challenges. This demand for rapid response along (more…)
Enhancing Decision Making with ERM
This post first appeared on IBM Business of Government. Read the original article. Wednesday, April 29, 2020 Michael J. Keegan Risk Based Decision-Making: A Key Capacity for Government Today Series If today’s pandemic has taught us anything, it is that managing risk in the public sector has taken on new significance. It has also underscored (more…)
Using Captives to Insure Against Black Swan Events
This post first appeared on Risk Management Monitor. Read the original article. Until recently, a global pandemic was, in most people’s minds, little more than a compelling plot to blockbuster films and apocalyptic science-fiction stories. A disease drastically changing the way of life and business operations for people across the globe and inciting wide-spread fear, (more…)
Nation-state hackers reportedly hunting for COVID-19 research
Priority Open Recommendations: Department of Housing and Urban Development, Apr 23, 2020
This post first appeared on GAO Reports. Read the original article. What GAO Found In April 2019, GAO identified nine priority recommendations for the Department of Housing and Urban Development (HUD). Since then, HUD has not closed any of those recommendations. In April 2019, GAO identified eight additional priority recommendations for HUD, bringing the total (more…)
Priority Open Recommendations: Department of Homeland Security, Apr 23, 2020
This post first appeared on GAO Reports. Read the original article. What GAO Found In April 2019, GAO identified 26 priority recommendations for the Department of Homeland Security (DHS). Since then, DHS has implemented 4 of those recommendations. In doing so, DHS, as a member of the Mitigation Framework Leadership Group, published the National Mitigation (more…)