This post first appeared on Risk Management Magazine. Read the original article. The risk and insurance community consistently ranks cyberrisk as its top area of interest and concern, and it’s no wonder—these days, every year is a banner year for cybersecurity. The more that stays the same, the more things change. Cyberrisk management and awareness (more…)

This post first appeared on Risk Management Magazine. Read the original article. On May 25, 2018, an aggressive new regulation, regarding the handling of the personal data of European Union citizens will go into effect. The EU General Data Protection Regulation (GDPR) updates current EU data privacy rules, which were originally implemented in 1995 before (more…)

This post first appeared on Risk Management Magazine. Read the original article. A powerful Hollywood mogul. A high-profile television news host. A well-known actor. A sitting U.S. Senator. From celebrities to politicians, they began to fall. It started with a few voices speaking up and has cascaded into an avalanche of sexual harassment and misconduct (more…)

This post first appeared on Risk Management Magazine. Read the original article. Skilled labor will always be the most valuable tool of the construction trade, but technology is increasingly playing a role in how the work gets done. New devices offer safety and procedural enhancements, helping the construction industry address two of its greatest challenges: (more…)

This post first appeared on Risk Management Magazine. Read the original article. In response to the current spate of workplace harassment and discrimination reports, organizations need to take precautions to safeguard their employees and prevent lawsuits, according to the 2017 Hiscox Guide to Employee Lawsuits. The report notes that this problem is costing companies an (more…)

This post first appeared on Risk Management Monitor. Read the original article. A majority of senior executives of large U.S. companies with operations in Texas, Florida or Puerto Rico admit to being unprepared for last year’s hurricanes that devastated their communities, according to a survey by FM Global. While 64% of respondents said the hurricanes (more…)

This post first appeared on GAO Reports. Read the original article. What GAO Found The Department of Veterans Affairs’ (VA) plan for implementing a new disability appeals process while attending to appeals in the current process addresses most, but not all, elements required by the Veterans Appeals Improvement and Modernization Act of 2017 (Act). VA’s (more…)

This post first appeared on Risk Management Monitor. Read the original article. In its newest annual outlook report for property and casualty insurers, Fitch Ratings noted that while the 2018 rating outlook for insurers is stable, the fundamental forecast remains negative. Underwriting results deteriorated in the second half of 2017 following events including Hurricanes Harvey, Irma (more…)

This post first appeared on Risk Management Magazine. Read the original article. Businesses face many risks related to technology, including the risk of a cyberbreach resulting in the loss of protected health information (PHI), personally identifiable information (PII) or payment card information. The threats are real, and the potential losses can be steep. The Ponemon (more…)