Categories ArchivesNews and Analysis

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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In the Face of Uncertainty, Employers Prepare to Reopen Offices standard

While large corporations can afford to extend reopening timelines, smaller businesses need to rely on prevention, monitoring, and responding to a resurgence of COVID-19 in the workplace for the foreseeable future. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights While many businesses and their employees are eager to return to a sense of normalcy and resume in-office operations, industries across the U.S. continue to face a host of unknowns in the workplace as a result of the ongoing COVID-19 pandemic. The New York Times recently announced that large corporations such as Microsoft, Ford, and Google have tentatively extended their return-to-office date to July 2021 to keep workers safe. Many employers ...

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How Government Contractors Can Use EPLI to Manage Changes Affecting Diversity Training standard

The suspension of D&I programs may result in an increase of EPLI claims among employees who face real or perceived racial discrimination in an environment without D&I training. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights In the aftermath of the tragic death of George Floyd, businesses across the country have scrutinized their Diversity and Inclusion (D&I) initiatives more closely than ever. JP Morgan has recently committed $30 billion to help close the racial wealth gap facing Black and Latino Americans. While the investment addresses important issues, like the origination of personal home loans and providing loans to thousands of small Black and Latino businesses, other banks have pursued similar outreach ...

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Climate Changed, But We Can Do Something About It standard

No country, community, or household (anywhere in the world) has been spared from the acute and attritional effects of climate change. So much so, that we must treat the words, henceforth, in the present tense, climate changed and the timeline for action in the here and now. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights It turns out the arc of climate change is short, and it bends towards 2℃ being a floor rather than a ceiling. For far too long the impacts and likelihood of man-made or anthropogenic climate change was placed on a distant horizon. This led to a general lack of societal action in both the ...

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California’s Green Insurance Products: What They Mean, What They Can Do standard

While 2020 has been a tumultuous year for risk managers domestically, California has seen more than its fair share of difficulties. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights Economic ramifications for small businesses mounting as a result of the pandemic, more than 650 wildfires scorching millions of acres, and the growing debate over California’s passing of AB5, a labor law requiring many gig economy employers to classify workers as employees instead of independent contractors. There is a bright spot that has been overshadowed by these crises, and it will allow Californians to breathe easier. Promoting Resiliency: It Is Easy Being Green On July 14th, The California Department of Insurance Commissioner Ricardo ...

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How EAP Benefits Can Support Employee Mental Health standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights With the present COVID-19 pandemic, many organizations have moved to teleworking environments for the health and safety of their employees. This instant changeover coupled with widespread uncertainty and strict government guidelines affecting daily life has created a space where new or existing mental health issues, such as anxiety and depression, are amplified for many employees. As a result, a growing number of Americans – as many as 41%, according to the CDC – are experiencing mental or behavioral health challenges as they adjust to their new remote working arrangements. With nearly 80% of CEOs reporting that telework is here to stay, ...

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Leverage the Insurance Industry to Drive Climate-Proof Development standard

This piece was written for the 21st Century Diplomacy project to address climate change and financial stability.  Learn More As the global economy becomes increasingly interconnected, so too have the risks. A single disaster or event in one region can have severe implications felt halfway around the globe. No single risk illustrates this interconnectedness better than climate change. The increased frequency of extreme weather events and their growing intensity is affecting every facet of the world and humanity. Extreme weather events have created added strain on global food production, caused supply chain disruptions, and are constantly testing the endurance of global infrastructure as well as financial resiliency. Addressing climate change is a complex and daunting task that requires an international ...

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