This post first appeared on Risk Management Magazine. Read the original article. Robotic process automation (RPA), a new technology that uses software “robots” to mimic human behavior and automate certain business processes, has been trending across industries as a new way to drive cost efficiencies, and reduce manual efforts and remediation efforts. Because they have (more…)

This post first appeared on GAO Reports. Read the original article. What GAO Found The National Research Council (NRC) of the National Academy of Sciences, in 2013, and more recent key scientific reviews reported evidence of associations between long-term ingestion of arsenic and adverse human health effects, such as cardiovascular disease. Many of the studies (more…)

This post first appeared on Risk Management Monitor. Read the original article. On March 22, the annual World Water Day will be especially relevant, as the United Nations and its co-sponsors hope to raise global awareness of water risks—particularly in Cape Town, South Africa. As we previously reported, a diminishing water supply is that city’s top priority, as (more…)

This post first appeared on Risk Management Monitor. Read the original article. Equipment failures on the same day at two fertility clinics located across the country from each other—in California and Ohio—may have damaged or destroyed thousands of frozen eggs and embryos. The simultaneous “black swan events” appear to have no connection to each other and (more…)

This post first appeared on Risk Management Monitor. Read the original article. Risk Management magazine recently covered the World Economic Forum’s (WEF) 2018 Global Risks Report, in which environmental and technological risks dominate the worldwide threat landscape. The WEF ranked water crises as the fifth-highest risk based on impact, downgraded from the number one spot in 2015. (more…)

This post first appeared on Risk Management Magazine. Read the original article. Particularly over the past year, individuals have seen lucrative returns from investing in various types of cryptocurrency like bitcoin, ethereum and ripple—the three most popular by market capitalization. Stories of amateur investors becoming cryptocurrency millionaires have sparked widespread public interest and, as a (more…)

This post first appeared on Risk Management Magazine. Read the original article. Responsible for carrying 90% of the world’s trade, the shipping industry is the backbone of the global economy. Allianz reports that the international marine cargo industry transports goods with an estimated value of $4.5 trillion annually. Between 1980 and 2016, the deadweight tonnage (more…)

This post first appeared on Risk Management Magazine. Read the original article. In the World Economic Forum’s 2018 Global Risks Report, environmental and technological risks dominate the worldwide threat landscape. Of the 1,000 business, government and civil society leaders surveyed, most believe that global risks will only worsen in 2018, with 59% predicting an intensification (more…)

This post first appeared on Risk Management Magazine. Read the original article. Although the Tax Cuts and Jobs Act of 2017, passed in December, has promised to provide a variety of financial benefits for many businesses, its impact on captive insurance companies is not yet clear. “While there is much speculation right now, it is (more…)