Categories ArchivesNews and Analysis

Coronavirus Impacts on U.S. Healthcare Providers standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights Concerns are growing as the new coronavirus outbreak rapidly spreads throughout China and neighboring countries. Despite efforts by health officials to contain the virus that originated in Wuhan, China, cases have been reported in other countries, including the United States. The first domestic case of the coronavirus in the U.S. was reported in a Washington state patient who had recently returned from Wuhan, China. Other confirmed cases of the virus include patients located in Illinois, California, and Arizona. The Centers for Disease Control and Prevention (CDC) currently maintains that these isolated cases pose little risk to the American public. However, ...

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RC Quick Takes – What is the Cybersecurity Maturity Model Certification? standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights The Department of Defense has announced a new initiative to more effectively secure the Defense Industrial Base (DIB) against cyber risks. This new initiative, called The Cybersecurity Maturity Model Certification, or CMMC, is aimed enhancing the protection of controlled unclassified information (CUI) within the supply chain. The need for a revised and more rigorous framework became apparent with several high-profile breaches of DoD information in recent years, especially as cyber threats from Nation State Actors are becoming more prevalent. The CMMC model will be based on existing cybersecurity standards and best practices and will map these controls and processes across ...

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Frustrated by healthcare red tape?  A health advocate service can help. standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights Healthcare in the U.S. remains a complex and costly item for all companies. From shifting regulations, to cumbersome enrollment requirements, and sometimes ambiguous claims process, organizations of all sizes struggle with how to get the most out of their coverage. Rising healthcare costs for both employers and employees further drives the need to extract more value when it comes to selecting health insurance. According to a recent Kaiser Family Foundation employee health benefits survey, the annual cost of family health coverage in the U.S. for employers hit the $20,000 mark for the first time. However, costs are not rising for ...

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5 of the Most Demanding Risks to Prepare for in 2020 standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights According to the World Economic Forum’s (WEF) top 10 business risks of highest concerns globally released this past October, the top 10 global risks are: Fiscal crises Cyber attacks Unemployment or underemployment Energy price shock Failure of national governance Profound social instability Data fraud or theft Interstate conflict Failure of critical infrastructure Asset bubble The survey was conducted by interviewing global executives in the following regions: East Asia and the Pacific, Eurasia, Europe, Latin America and the Caribbean, Middle East and North Africa, North America, South Asia, and Sub-Saharan Africa. While each of these risks are equally important to organizations going into ...

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Innocent Cyber Bystanders Entangled in an Act of War standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights Thursday, January 3, 2020, may very well be an inflection point in the history of modern cyber warfare. U.S. President Donald J. Trump ordered a lethal missile strike on a convoy of vehicles carrying General Qassem Soleimani, an influential Iranian military leader, in Iraq’s capital. As expected, international reactions varied greatly. According to The Wall Street Journal, Iraqi Prime Minister Adel Abdul-Mahdi felt the actions breached previously agreed-upon terms with the U.S., Iranian Supreme Leader Ali Khamenei threatened vengeance, French Foreign Minister Jean-Yves Le Drian pleaded for no further escalations between Iran and the U.S., U.S. Democratic party leaders demanded ...

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Why Emotional Intelligence Is the Key to Managing Artificial Intelligence standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights Technology that once seemed like science fiction taken from a Hollywood blockbuster  is now becoming reality in today’s modern world. This is taking the form of artificial intelligence (AI). AI can be found in a variety of industries. In healthcare, Austin-based Digital Robotics developed Maxi, a robot assistant that helps with tasks in a hospital allowing nurses and doctors to focus more strategically on patient care. Maxi utilizes AI to learn from humans so that it can complete new tasks, further lightening the workload of hospital staff. In the security industry, Athena Security is an AI-based security system allowing staff to better ...

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Risk Continuum link

This article was originally published on LinkedIn in January of 2015, just a few months after Risk Cooperative was founded. Its premise at the time was that risk was dynamic and the traditional risk management frameworks needed to adapt if organizations wanted to effectively manage risk. Since its original publish date, this hypothesis has come true. The emergence of more and more man-made risks has rendered some insurance plans, and risk management practices ineffective. Enterprise Risk Management has gained new momentum, and firms are now seeking to achieve Risk Agility – a concept that promotes resiliency rather than risk avoidance. These ideas – particularly the principal of harnessing risk as a catalyst for growth – have been a guiding principle for ...

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One California Utility’s Blackout Strategy Is a Wake-Up Call for Business Resiliency Planning standard

Dante Disparte, founder and chairman of Risk Cooperative, recently co-authored a book entitled Global Risk Agility And Decision Making. The early chapters of the book discuss an issue that many risk managers strive to achieve: Addressing one risk while not creating a new one. The book takes a lesson from the tragic Germanwings disaster: “Ironically, in protecting against a known risk, we can be exposed to entirely new forms of risk … fortified cockpit doors certainly made flying in commercial airplanes safer — or at least created the placebo effect of safety. However, in so doing, what seemed like an incredibly remote risk — being exposed to a suicidal airline pilot — manifested itself with great ease …” Pacific Gas & Electric’s ...

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It’s Long Past The Time for Banks and Insurers to Unfriend Coal. Here’s Why. standard

September 20 through 27 commemorated a historic week around the globe. According to the website GlobalClimateStrike.net, over 150 countries experienced protests supporting climate change initiatives. These protests were effective in keeping climate change at the forefront of our social conscience; now getting businesses on board will further amplify the message of a cleaner planet. The Heat Is On The Intergovernmental Panel on Climate Change (IPCC) is a working group of the United Nations tasked with assessing the science related to climate change. During its latest meeting in September 2019 in Monaco, 100 scientists from 30 countries met to discuss the latest science and effects of climate change on various ecosystems around the world. According to the IPCC report, global warming has already reached ...

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Gun Owners and Personal Liability Insurance: A Vital Tool in the Battle Against Mass Shootings standard

What happens when foreign powers start holding U.S. companies liable for gun deaths suffered by their citizens on U.S. soil? A whole new area and era of risk exposure. Not a week passes where the dreadful toll of gun violence does not rise in the U.S., making it the only advanced economy at war with itself.  According to The Federal Bureau of Investigations (FBI) website, 2018 saw 27 active shooter incidents in the U.S. In the aftermath of these tragedies occurring across 16 states, 85 people were killed (excluding the shooters) and 128 were wounded. Ten of these shootings were considered “mass casualty events”, where three or more lives were claimed during one single incident. 2019 does not seem to ...

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