Categories ArchivesNews and Analysis

Why Big Data Is the ‘New Microscope’ in Health Care standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights Partnerships between technology firms and hospitals play an important role in advancing the objectives of healthcare risk managers. This past Fall The Wall Street Journal reported that technology companies are partnering with hospitals across the country to store and research patient data. One such partnership involves Google and the Mayo Clinic, who jointly signed a 10-year partnership where Google stores medical, genetic, and financial data on its cloud system. The protected health information (PHI) of patients will be kept confidential because the data will be scrubbed such that it will not have any information linking back to a patient. Additionally, The ...

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Have You Considered COVID-19’s Workers’ Comp Implications for Frontline Workers? standard

Choose an insurance broker who's a trusted partner, invested in your success.   Broker Resources The United States has a long history of workplace conflicts, including personality differences, cultural expectations and malicious harassment. The continual accumulation of COVID-19 cases in the United States has created another source of workplace tension as many employees in essential business industries continue onsite work despite the severe risks. The pressure for essential workplaces to keep up with production demands has led to increasing concerns for the safety of frontline workers. Employees Take a Stand — By Walking Out Workers at an Amazon warehouse in Staten Island, N.Y. recently staged a walkout over concerns about safety at the job site. Amazon’s Whole Food Market employees followed suit by organizing a sickout ...

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During COVID-19, Risk Managers Must Act Now to Be the Heroes Businesses Need standard

Choose an insurance broker who’s a trusted partner, invested in your success.   Broker Resources When the Dean of Harvard Business School, Nithin Nohria, gave his inaugural interview with the school’snewspaper The Harbus in September 2010, he discussed the important role business plays in society.  “My father was CEO of Crompton Greaves in India. I saw the impact business could have in transforming communities through better infrastructure and creating employment opportunities,” he said. Dean Nohria’s views are more important than ever, and the current COVID-19 pandemic has put business to the ultimate test.  As the U.S. prepares for what will be many weeks of social distancing, teleworking and drastically changing daily operations, it is critical that business plays a leading role in navigating these turbulent waters both during and after the threat.    Grande Americano, Leave Extra Room for Employee Well-Being  Given ...

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This Supreme Court Case Shows Exactly Why Every Employer Needs to Understand ERISA Requirements standard

Choose an insurance broker who's a trusted partner, invested in your success.   Broker Resources The U.S. Supreme Court recently ruled unanimously against the arguments of Intel Corp. in a significant lawsuit (Intel Corporation Investment Policy Committee v. Sulyma) surrounding The Employee Retirement Income Security Act (ERISA) provisions and guidelines. In 2015, a former Intel Corp. employee brought a lawsuit against Intel Corp. for a breach of fiduciary duties. The former employee alleged that the plan fiduciaries violated their obligation to act as a responsible fiduciary by making high-risk investment allocations that caused substantial plan losses. According to The Wall Street Journal, the lawsuit was brought to court more than three years after Intel Corp. disclosed the investment allocation arrangements through its plan ...

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Coronavirus and Telecommuting: How One Risk Is Giving Way to an Even Bigger Cyber Threat standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights First identified in Wuhan, Hubei Province, China in December 2019, the virus, officially known as “SARS-CoV-2,” has created a ripple effect throughout the global economy. Most commonly referred to as “coronavirus disease 2019,” or COVID-19 according to The Centers for Disease Control and Prevention (CDC), the pandemic has decimated the market value of countless firms with no signs of easing. At the time this article was published, The Center for Systems Science and Engineering at Johns Hopkins University reported 118,252 global cases of COVID-19 with 4,262 deaths and 64,391 total recoveries. The U.S. has seen 959 confirmed cases with 28 deaths and 8 ...

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The World Needs a DARPA-Style Project to Prevent Pandemics link

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights By Dante Disparte and Tom Ridge Published April 24, 2017 When the Blizzard of ’78 hit the Northeast, it caught the region by surprise. Some meteorologists had predicted only a minor snowstorm, and forecasts were still unreliable enough that many people simply went about their regular business. When the hurricane-force storm hit, traffic came to a complete standstill due to the fast-accumulating snow – even the plows were stuck — and thousands of cars were abandoned. Not all the stranded people would survive. It took over a week – and help from the National Guard – to clear the roads again. Today, even ...

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RC Quick Takes – Insurance Policies Every Business Should Have standard

Choose an insurance broker who’s a trusted partner, invested in your success.   Broker Resources The early part of 2020 has been dominated by uncertainty.We highlighted five key risks in our article titled Risks to Prepare for in 2020. Make no mistake, every one of these demanding risks are exacerbated by the threat of a global pandemic. The ongoing COVID-19 Coronavirus epidemic reminds us that risks can be unpredictable and have trickle-down effects on businesses of all shapes and sizes. Unpredictable events like COVID-19 remind businesses to revisit their insurance policies to ensure they are prepared for any risks on the horizon. All businesses should have these four insurance policies in place: Business Owner’s Insurance A business owner’s policy, or BOP, ...

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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 UPDATED: February 28, 2020 Globally, the coronavirus has infected more than 80,000 people and killed at least 2,600. While the spread has slowed within China, the escalation across Europe, Asia, and the Americas is an indication of the crucial need for countries to develop and improve pandemic risk readiness. Seven more European countries confirmed cases of the virus, with most of the cases centered in Italy; the outbreak has reached the Middle East as well, with Iran being the epicenter. Although WHO officials believe the virus has pandemic potential, the classification of the outbreak remains an epidemic. A top health ...

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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

Choose an insurance broker who’s a trusted partner, invested in your success.   Broker Resources 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 employers alone. The average employee contributes ...

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