Risk Management Magazine

3 weeks ago | rmmagazine.com | Neil Hodge

For the past few decades, the prospect of a trade war triggered by tariffs and other protectionist policies had never posed a serious risk to companies, but times have changed. With the United States announcing sweeping tariffs on all imports, as well as higher reciprocal tariffs on dozens of countries, uncertainty remains about how, when and to what extent other countries will respond, while experts expect far-reaching and significant impacts to both businesses and consumers.

3 weeks ago | rmmagazine.com | Neil Hodge

Compliance training is often dismissed as a “check-box” exercise that satisfies regulatory or contractual requirements but does not provide any real value. Regulators, professional bodies and other key stakeholder groups may see the benefits of promoting enterprise-wide awareness about the legal risks arising from a range of key issues such as cybersecurity and data protection, modern slavery, or health and safety.

4 weeks ago | rmmagazine.com | Russ Banham

As the new Trump administration continues to enact its agenda, many insurance industry experts anticipate that shifting regulatory priorities could impact directors’ and officers’ liability and the D&O insurance market. However, since the second half of 2022, when record high premiums confronted directors and officers across all industry sectors, D&O liability insurance capacity, coverage and pricing have rebounded. These favorable market conditions are expected to persist.

1 month ago | rmmagazine.com | Hilary Tuttle

Of 2,150 cybersecurity professionals surveyed by Hiscox, over 67% said their organization experienced an increase in cyberattacks in the past year. While cyber insurance take-up rates continue to rise, over a quarter of business leaders said their organization does not have sufficient resources to manage the financial risks associated with a cyber incident.

1 month ago | rmmagazine.com | Morgan O'Rourke

A recent Swiss Re Institute study found that natural habitats can significantly reduce coastal flood losses. Researchers examined more than a decade of National Flood Insurance Program claims data cross-referenced with geospatial information about U.S. coastal areas.