Tags ArchivesLes Williams

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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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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21st Century Diplomacy: Foreign Policy Is Climate Policy standard

Because foreign policy is climate policy, climate change is poised to upend the 21st century world order. It will redefine how we live and work, and change the systems of production, trade, economics, and finance. Yet, the world is woefully underprepared for climate change’s cascading impacts. COVID-19 has only underscored the inadequacy of our responses to global crises and heightened the urgency of this call to action. 21st century diplomacy will have to raise climate ambition, shape the transformative systems change needed, and promote and facilitate new modes of multilateral collaboration. To chart a new course forward, the Wilson Center and adelphi invited a diverse set of foreign policy leaders, analysts, and thematic experts from around the globe to elucidate ...

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What Coverages Are Needed & When standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights Insurance is a necessary function for organizations, although not all view this coverage as strategically as they should. As an organization navigates its growth cycle, from start up to multinational corporation, insurance needs will vary. Early stage companies often are driven by compliance when purchasing coverage, yet leveraging insurance and risk transfer solutions more strategically can help younger organizations become more resilient, transfer financial risk, and withstand many of the uncertainties companies of all sizes will face throughout their operating years. As organizations evaluate their insurance needs, they can compartmentalize key coverages for consideration into phases that match their current size ...

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Why We Need a Pandemic FDIC-Like Entity to Backstop Insurers standard

A Pandemic FDIC structure can provide the coordinated approach necessary to address the widespread impacts caused by novel diseases like COVID-19. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights As the United States nears six months of navigating the COVID-19 pandemic, the data remains staggering. According to the World Health Organization, as of August 30, there were 25 million confirmed COVID-19 cases worldwide with deaths reaching 840,000. Sadly, the U.S. leads all countries in both confirmed cases — 5,855,521 — as well as deaths — 180,689. While many countries enforced social distancing and mask protocols in an attempt to break the chain of transmission, the U.S. has struggled to control the ...

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Here’s Why We Must Cancel College Football This Year standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights The Chronicle of Higher Education has been working with Davidson College to track the reopening plans for 3,000 institutions of higher learning in the U.S. as the pandemic continues to impact daily activities. As of August 18, 33% plan to be either fully online or primarily online, while 22% plan to be either fully in-person or primarily in-person. Fifteen percent of institutions plan for an online/in-person hybrid approach, while 6% are studying alternative means of learning. The remaining 24% are still undecided as to how they will approach this upcoming fall semester, but given the recent viral outbreaks on campuses, chances are these ...

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How to Choose Your Broker standard

In How to Choose a Broker our experts share insider tips on what great brokers do to arm their clients with the information they need to serve their employees and protect their businesses. They cover: • Best practices for broker/client communications • What your broker can do to save you money on employee benefits • Resources your broker can offer to support regulatory compliance • How your broker can help you manage the administration of your benefits package • The value of utilizing a broker that can handle all lines of insurance • How a broker can help address risk across business operations • Questions about pandemic resiliency and recovery It can be quite costly – in time, money, and opportunity – to stay with a broker ...

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What is Tech E&O insurance? standard

Risk Cooperative helps organizations build cyber resiliency and implement pro-active cyber risk management strategies.  Learn More Imagine you are the CEO of a software company and you experience a ransomware attack that not only affects you but also hundreds of your clients? This situation occurred during the summer of 2019 when The Digital Dental Record and PerCSoft collaborated on a software solution for dentist offices called DDS Safe. According to the technology website ZDNet, ransomware called REvil was spread to hundreds of computers in dentist offices around the country through DDS Safe. While the makers of the software paid the ransom so that these offices could gain access to their systems with important medical records, there were reports of some offices ...

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What’s the Cure When International Disputes Threaten University Finances? standard

Risk Cooperative helps organizations build resiliency and implement pro-active risk management strategies.  Learn More According to Educationdata.org, in 2019 the total number of international students studying in U.S. colleges and universities was approximately 1,095,299.  The site reported that in 2018, the U.S. economy experienced a $45 billion boost from the presence of the international student community.  However, this economic boost faces headwinds in the foreseeable future due to the current pandemic and the travel restrictions created by closed borders.  The pandemic, coupled with growing international political discord, has created more complexity for international students seeking to attend college in The U.S. for the upcoming Fall Semester and is putting university coffers at risk.  A Shrinking Pipeline  The White House announced on April 22 that the executive branch issued a “proclamation suspending entry ...

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