While airline profitability remains elusive and traveler numbers unpredictable, the industry must look at ways to mitigate airline business interruption risk. Below is a summary. Additional details are outlined in the full article, published by Risk & Insurance. Read Full Article The recent U.S. District Court ruling overturning the mask mandate is a clarion call that “America is officially open for business,” but it comes at a precarious time. Key takeaways: Pilot Shortages & Curtailed Schedules | Combined with high fuel prices, the drastic shortage of approximately 8,000-12,000 pilots has resulted in fewer destinations, and fewer flights. Expect Delays for Summer Travel | As the U.S. emerges from COVID-19 lockdowns, air travel is increasing while the busy travel season kicks ...
Continue Reading
Disruptions to the global supply chain, made vulnerable by COVID and destabilized by war, could be exacerbated by Russian sanctions. Below is a summary. Additional details are outlined in the full article, published by Risk & Insurance. Read Full Article As the conflict in Ukraine continues to unfold and the world anxiously awaits a peaceful resolution, the effects of Russia’s aggressions are reverberating around the globe. Key takeaways: Impacts of Sanctions & Shortages | With billions of dollars removed from the Russian economy by sanctions, shipping embargoes, and the voluntary closure of corporate operations, limited production of critical resources the region is adding to the current economic pressures. Revisiting Political Risk Insurance | Firms have been too complacent in terms ...
Continue Reading
Listen Here Les Williams, Chief Revenue Officer, was featured on BBC's Business Matters. Listen as he covers pressing global issues.
Sri Lanka is due to start negotiations with the International Monetary Fund next week and it's just emerged that India, its northern neighbor, may be willing to commit up to another $2 billion in financial assistance, along with food and fuel aid.
Also, a court in Jersey has now seized 7 billion US dollars worth of assets linked to the Russian billionaire Roman Abramovich. He is on the UK and EU sanctions list, and is now unable to access items such as his yachts, or Chelsea Football Club. So, what does this step from Jersey mean for Mr Abramovich?
Plus, Russia is ...
Continue Reading
Expanding their value proposition, Anthem is the most recent health insurance provider to rebrand and reposition their role for consumers. Below is a summary. Additional details are outlined in the full article, published by Risk & Insurance. Read Full Article Anthem BCBS is diversifying its positioning in the marketplace by rebranding itself as ElevanceHealth Inc. But, a quick inspection of the healthcare industry shows that Anthem is not alone in the quest to broaden its value proposition via technology. Key takeaways: Whole-Health Approach | Anthem has undertaken several acquisitions recently in order to address health drivers beyond traditional treatment models. Follow the Leader | This announcement follows the example of previous mergers and acquisitions in the healthcare space that have ...
Continue Reading
Though “Medicare for All” was backed by many federal lawmakers, the legislation never came to pass despite reaching a fever pitch in 2019. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk. Subscribe to Insights In January, the California legislature nearly voted to eliminate most private insurance in favor of CalCare, which would have been the first single-payer healthcare system in the country. When lawmakers concluded there wasn’t enough support, the legislation was pulled from consideration. However, California is just the most recent state attempting to expand healthcare at the state level. In recent years, many states, including New Mexico, Maine, Nevada, Delaware, Oregon, Connecticut, Wisconsin, Michigan, Illinois, and Massachusetts, have explored ...
Continue Reading
As the world closes the chapter on the second year of the pandemic, the risks created by the novel coronavirus continue to impact humanity. Our 2022 predictions include four key challenges. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk. Subscribe to Insights As of early December, the World Health Organization (WHO) reported that over 5.2 million deaths were attributed to COVID-19 since the start of the pandemic in 2020. Approximately 45% of this death toll can be attributed to The Americas Region, comprising North, Central, and South America. The United States holds the dubious distinction of leading all countries globally with over 783,000 deaths, while Brazil is in second place with ...
Continue Reading
Chief Revenue Officer, Les Williams featured on BBC's Business Matters. Listen now as he covers pressing global issues.
Listen Here
President Lukashenko of Belarus has threatened to cut off gas supplies to Europe if sanctions are imposed over an escalating migrant crisis at the country's border. Thousands of people are at the border with Poland, enduring freezing conditions in the hope of crossing into the European Union. We get analysis from James Waddell, senior global gas analyst at Energy Aspects. Indonesia’s council of religious leaders has forbidden the use of crypto assets as a currency for Muslims. The country's National Ulema Council has declared cryptocurrency as haram, or banned, as it has elements of uncertainty, wagering and harm. Umer Suleman an ...
Continue Reading
Risk Cooperative Chief Revenue Officer, Les Williams, recently joined Sudhi Uppuluri from Computational Sciences Experts Group (CSEG) for a nuanced conversation about the risks involved with autonomous vehicles, including cybersecurity, big data, and privacy.
CSEG is an automotive software and engineering consulting company. Co-founder Sudhi Uppuluri conceived of his Tech DeepDive interview series as a way to make deep technical details of emerging technologies accessible to the layperson. Risk Cooperative’s Les Williams’ background in mechanical engineering and risk management provides an intersection for nuanced conversations about the rapidly changing world of mobility.
Are autonomous vehicles more safe or less safe than human drivers?
Many people equate risk with negative outcomes, however one can liken it to calling a play in football. ...
Continue Reading
When cyber attacks on hospitals threaten effective medical care, which party is responsible for patients’ outcomes? Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk. Subscribe to Insights As the number of cyber breaches continues to skyrocket, impacting companies of all sizes and across industries, hospitals – providing mission-critical medical care and with access to protected health information (PHI) – have proven to be a prized target. In 2019 an unthinkable incident occurred that still sends shockwaves through the medical community. Springhill Medical Center, located in Alabama, suffered a ransomware attack that rendered critical medical equipment useless. As a direct result of networks and monitoring equipment being offline, a baby born in ...
Continue Reading
Global cooperation became more problematic during the pandemic with the rise of vaccine nationalism and other forms of protectionism. We must shift toward paradigm of cooperation post-pandemic to meet transnational challenges.
Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk. Subscribe to Insights
As 2021 enters its waning months, a somewhat return to normalcy seems to be within reach. For the past one and a half years international borders have shuttered and reopened, travelers struggled with diverse quarantine policies, and the international transfer of goods was delayed due to pandemic-influenced supply chain disruptions. Numerous landmark events have left an indelible mark on the world; military conflicts, 911, the 2008 global economic crises, but ...
Continue Reading
