Categories ArchivesNews and Analysis

California Hardwired Energy Security Into Code, And The World Should Follow Suit standard

Originally published about California in May 2018, this article could just as easily answer the question, "How can we build energy resilience and avoid future crises?" in the aftermath of Texas' devastating February 2021 energy failure. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights The state of California, recently anointed as the 5th largest economy in the world, is no stranger to complex risks.  From the infernal wildfires that set parts of the state ablaze claiming 43 lives and setting records in terms of costs, to the oscillation between droughts and infrastructure-threatening rain, set against perennial seismic risks, California has long been a proving ground for the innovations needed for societal ...

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Preparing for the next pandemic: Early lessons from COVID-19 standard

Even though pandemic preparedness and biodefense have had ardent and clarion supporters, COVID-19 proved how ill-prepared we were to combat a 100-year pandemic.  Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights COVID-19 has caused more than 109 million confirmed cases, claimed more than 2.4 million lives, and even brought prosperous nations and well-run healthcare systems to their knees. Few countries have been spared. Even in the economically powerful U.S., the tension between maintaining social freedoms and engaging in efforts of collective defense against the virus has led to politicization (e.g., mask wearing, social distancing and vaccine refusal). Sadly, the U.S. is bearing the heaviest human toll from the virus with ...

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RC Quick Takes – Amazon’s Workers’ Compensation Issue: A Learning Opportunity for Employers standard

An abundance of injuries in Amazon warehouses may damage more than just the e-commerce behemoth’s reputation. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights The hazardous working environments within its warehouses could begin to hurt the company’s bottom line as well. Amazon’s Fulfillment Centers are Deemed Unfulfilling  According to the Seattle Times, Washington state’s labor agency reported that workers in Amazon’s highly automated warehouses are injured at a higher rate than people working in other types of storage facilities. In December, the labor agency announced a new fulfillment center classification for warehouse employees to calculate workers’ compensation insurance rates. Previously, the State Department of Labor & Industries has grouped Amazon fulfillment ...

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Short Selling, GameStop and What Risk Management Has to Say About It All standard

The events unfolding in the wake of the GameStop drama involving “David” retail investors and “Goliath” institutional investors will be immortalized in investor lore for generations to come. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights There is something about Wednesdays in January this year. On January 6, the nation experienced an insurrection. A week later on Wednesday, January 12, Congress voted to approve the articles of impeachment. On Wednesday, January 20th, the U.S. witnessed an inauguration. Finally, on Wednesday, January 27, Wall Street felt the impact of coordinated retail investors. The events unfolding in the wake of the GameStop drama involving “David” retail investors and “Goliath” institutional investors (i.e., hedge funds) will be immortalized ...

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How Cyber Risk, Food Insecurity, Social Unrest and Economic Fear Will Color 2021 and Beyond standard

With 2020 officially “in the books,” focus now shifts to what the year ahead has in store. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights With recently developed vaccines for COVID-19 being distributed, there is burgeoning hope of getting the pandemic under control, yet hesitancy and fear still abound regarding what new risks 2021 may bring. This prior year tested the resiliency of governments, companies, and families alike with a range of complex risks. If one lesson was gleamed from 2020, it was the need for better preparedness and the exposure of vulnerabilities of our global markets leading to disruption. The COVID-19 vaccinations are certainly promising, but they alone ...

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If JP Morgan, Amazon and Berkshire Hathaway Can’t Reform Healthcare, Who Can? standard

Amazon, Berkshire Hathaway and JPMorgan Chase have announced their joint venture, Haven Health, would be shutting its doors. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights The U.S. political discord of 2020 that spilled into 2021 will continue to dominate the headlines well into the New Year and for the foreseeable future. Disagreements over pandemic-driven mask mandates, foreign trade, stimulus checks and the election results themselves are indelible themes that will resonate throughout U.S. history. The one theme that remains intractable, even well before 2020, has been the pitiable state of the U.S. health care system. The recent disbandment of Haven Health has sent a clear signal that health care, like our tax system, ...

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RC Quick Takes – Contingent Business Interruption Coverage in the Wake of Solar Winds standard

Businesses of all sizes should revisit their cyber insurance policies in the aftermath of this widespread attack.   Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights Adding insult to a severely injured year, the waning days of 2020 saw a massive breach aimed at the U.S. government and other private businesses.  Perhaps no entity experienced the greatest fallout than SolarWinds, an Austin-based company developing software that helps businesses manage their IT infrastructure. Orion, network monitoring software developed by SolarWinds,  became infected with malicious code which then infected approximately 18,000 SolarWinds customers.  Several of the impacted companies include household names such as Intel, VMware, Deloitte, and Belkin. Businesses of all sizes should ...

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Cyber Attacks, a Pandemic, Fiscal and Governance Instability: The 2020 Risks We Can’t Ever Forget standard

Many of the Top Risks to Prepare for in 2020 came to fruition as a direct result of the global pandemic. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights The old saying “what a difference a year makes” is clearly an understatement as 2020 comes to a close. Wildfires engulfing large portions of California and Australia, the coronavirus pandemic, the unprecedented drop of U.S. oil below $0 a barrel, the global protests for racial equality ignited by George Floyd’s killing, and the debates surrounding the U.S. presidential election results were some of the indelible highlights of this tumultuous year. In the waning months of 2019, the World Economic Forum (WEF) identified the top 10 global risks headed into 2020 as fiscal ...

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Blockchain Insurance Applications and Their Role in Building Resilience standard

Insurers have been increasing their adoption of technology like blockchain to help build resiliency and manage risks. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights The global COVID-19 pandemic has caused tremendous damage, claiming millions of lives while wreaking havoc on the global economy. While companies have adopted more technology solutions to combat business disruptions, their overall financial resiliency remains particularly vulnerable.  Companies are not alone in their predicament; the average household faces economic headwinds in the wake of the pandemic. The World Bank estimates as many as 150 million people will be pushed into extreme poverty by 2021 as a result of COVID-19 and its economic impact. With ...

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Effective Paid Leave Policies Are Good For Business standard

The pandemic has revealed vulnerabilities in the U.S. healthcare and economic systems, including the absence of prolonged, comprehensive paid family, medical, and sick leave to support workers and public health. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights The COVID-19 pandemic has made evident the vulnerabilities in the U.S. healthcare and economic systems. One issue that has been at the forefront during the current crisis is the absence of prolonged, comprehensive paid family, medical, and sick leave to support workers and public health. Prior to the pandemic, the U.S. was an outlier among developed countries due to the lack of national leave policies, which forced a vast majority of workers ...

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