Continuing Business Operations After an Earthquake
On June 23, a magnitude 7.4 earthquake struck the southern coast of Mexico, killing 10 and damaging thousands of houses and buildings. It was yet another reminder of the significant impact seismic...
View ArticleWeathering Hurricane Season During the Pandemic
Since mid-March, when COVID-19 was declared a national emergency, companies of all sizes have faced challenges supporting their employees and protecting their businesses. As they work toward safely...
View ArticleRisk Management Considerations in the Cannabis Industry
Currently, 33 states have legalized medical marijuana, and 14 allow marijuana for adult recreational use. The trend toward legalization is expected to continue in 2020 with at least 19 other states...
View ArticleLarge Companies Unprepared for Climate Risk
In its 2020 CEO/CFO Climate Risk Survey, FM Global polled 151 CEOs and 150 CFOs at large companies in North America, Europe and Asia about their climate risk exposure and preparation. While 76% of...
View ArticleStrategies to Maximize Loss Recovery
While COVID-19 has been wreaking havoc across the globe, destabilizing the economy and altering daily life, parts of the United States have also been ravaged by natural disasters, with tropical storms...
View ArticleRisks to Watch in 2021
The COVID-19 pandemic has taught all of us lessons in risk and resilience. The pandemic shocked people around the world with a magnitude unparalleled in recent history. While the circumstances may be...
View ArticleNew COVID-19 Claims and Risk Exposure Trends
The coronavirus pandemic and resulting lockdowns have significantly impacted commercial and specialty lines of insurance, both in terms of claims volumes and financial losses. The rapid spread of...
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Year in Risk 2020
While COVID-19 dominated news cycles and redefined the risk landscape throughout the year, 2020 also saw more than its fair share of non-pandemic risk events. The following is a review of some of the...
View ArticleCOVID-19 and the Next Generation of Risk Management
The transition to remote work during the COVID-19 pandemic has been at the forefront for most businesses, and risk professionals have adapted well to this change. Remote server access, video...
View ArticleLessons for Business Resilience Planning
The COVID-19 pandemic has exposed glaring deficiencies in business continuity and crisis management plans at organizations across all industries. While executives and management are focusing most of...
View ArticleHow to Address Low-Probability, High-Impact Risks
Before COVID-19, few organizations would have considered prioritizing the remote risk of a pandemic over more common events. However, as the past year has demonstrated, dismissing such scenarios...
View ArticleCOVID Impairs Action on Top Global Risks
The World Economic Forum’s Global Risk Report 2021 cited infectious diseases as the top risk of the year in terms of impact. Further, the WEF warned that the economic fragility, large-scale job...
View ArticleExtreme Winter Weather Causes Texas Risk Crises
In February, a massive winter storm slammed Texas and the surrounding states with snow, ice and the lowest temperatures in decades, leaving millions across the state stranded without power and running...
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Stress Tested: Risk Professionals Share Their Experiences with ERM During the...
For the past year, public companies with mature enterprise risk management programs have found that their ERM framework paid off during the pandemic. A strong ERM program helped them better understand...
View ArticleSecondary Perils Drive Disaster Losses
Natural disasters caused $190 billion in global economic losses in 2020 and $81 billion in insured losses, according to Swiss Re. These losses could actually have been much higher. While the North...
View ArticleCOVID-19 Business Interruption Update
Only once in U.S. history—during the 1918 influenza pandemic—have so many businesses been forced to close for months due to local and state lockdowns and restrictions. Now, businesses are returning to...
View ArticleRemote Workforce Considerations for Natural Disaster Preparation
For more from our May issue on natural disaster planning in 2021, check out:Disaster on Disaster: Unique Challenges for Natural Catastrophe Preparedness in 2021Armed with lessons learned from the 2020...
View ArticleQ&A: How Texas Roadhouse Takes a People-First Approach to Disaster Planning
For more from our May issue on natural disaster planning in 2021, check out:Disaster on Disaster: Unique Challenges for Natural Catastrophe Preparedness in 2021Armed with lessons learned from the 2020...
View ArticleDisaster on Disaster: Unique Challenges for Natural Catastrophe Preparedness...
For more from our May issue on natural disaster planning in 2021, check out:Remote Workforce Considerations for Natural Disaster PreparationHeading into the 2021 hurricane and natural disaster...
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