This post first appeared on Risk Management Magazine. Read the original article. With sky-high levels of both value and hype, the cryptocurrency market is booming. As prices have soared, so has interest and incentive to mine digital currency, a resource-intensive process that requires significant computing power—and, in turn, electricity—to complete complex mathematical problems and earn (more…)

This post first appeared on Risk Management Magazine. Read the original article. On April 8, more than 200 New York City firefighters and emergency service personnel responded to a fire at Trump Tower, a 58-story high-rise building with commercial use on the lower floors (including the headquarters of the Trump Organization) and 263 residential units (more…)

This post first appeared on Risk Management Magazine. Read the original article. On April 8, more than 200 New York City firefighters and emergency service personnel responded to a fire at Trump Tower, a 58-story high-rise building with commercial use on the lower floors (including the headquarters of the Trump Organization) and 263 residential units (more…)

This post first appeared on Risk Management Magazine. Read the original article. Last September, two powerful earthquakes shook Mexico. Combined, they killed nearly 500 people as buildings crumbled across the capital and at least five other states. The quakes were both among the deadliest to hit the country, with the second of the two coming (more…)

This post first appeared on Risk Management Magazine. Read the original article. Summer is here and, once again, wildfires are blazing in the United States, including fires in Alaska, Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. As of July 17, the National Interagency Fire Center reported 67 active large (more…)

This post first appeared on Risk Management Magazine. Read the original article. The purpose of any alternative risk structure is to achieve the most appropriate balance between risk assumption and risk transfer to optimize savings while supporting the organization’s risk management, financial and business objectives. In many cases, self-insurance is the most efficient alternative risk (more…)

This post first appeared on Risk Management Magazine. Read the original article. A study released by IBM and the Ponemon Institute last March found that  77% of businesses worldwide do not have a consistent incident response plan that they can apply in the event of a data breach. Instead, these corporations rely solely on informal (more…)

This post first appeared on Risk Management Magazine. Read the original article. Abundant risk capital exerted downward pressure on insurance prices in 2017, resulting in a reduction in total cost of risk for the fourth year in a row, according to the 2018 RIMS Benchmark Survey. Produced in collaboration with Advisen, the survey found that (more…)

This post first appeared on Risk Management Monitor. Read the original article. The risk management profession is proving its resiliency. Even in the face of major hurricanes, technological influence and the seemingly common threat of international trade wars, 2017 saw the total cost of risk (TCOR) decline for the fourth consecutive year, according to the 2018 RIMS (more…)