What are the top risks for businesses to focus on mitigating during 2020? Risks such as climate/environmental, and cyber, quickly spring to mind. However, it seems one other type of risk has leapt forward in the rankings.
Theres been a lot of talk about how the coronavirus pandemic may permanently affect aspects of daily life and fundamentally alter entire industries. The future of the insurance industry deserves particular attention, considering its critical ability to help businesses weather times of extreme hardship and uncertainty.
With Allstate Corporation remaining tight-lipped over a possible mass layoff, details have emerged from an anonymous tipster suggesting that more than 3,000 employees could be out of a job soon.
Around the globe, the take-up of electric cars is expected to accelerate rapidly in future, driven by consumer demand and government policies aimed at tackling climate change.
The insurance industry is experiencing seismic shifts in day-to-day operations stemming from this invisible yet intensely disruptive contagion COVID-19, but early signs of longer-term trends are also starting to emerge. A few short weeks ago, who would have thought that human health/safety and operational resilience would become the top two drivers of digital transformation?
In times of crisis, human nature dictates that we focus on the present with microscopic vision. As COVID-19 wreaks havoc worldwide, businesses have entered survival mode.
Insurance companies have issued some of the loudest calls for climate action, and they rely on hard data to make their assessments. But a new report from Media Matters for America finds that major insurers are top sponsors of Fox News coverage of highly misleading pandemic coverage, using tactics it honed through years of climate denial.
My purpose today is to add some clarity and remind readers that, when it comes to most of the insurance products we sell, there is little, if any, insurance coverage response. But first, lets take a look at what a GMO is, how long they have been around, and what they mean for agriculture and the food on your table.
Employee monitoring software can keep your workforce accountable and productive, but it can also reduce morale and promote distrust. Consider the risks.
Over the past two months, millions of workers in the United States have re-arranged to work remotely. Its not a totally alien concept. Before the coronavirus pandemic, approximately over two-thirds of US businesses provided some form of remote work opportunity (at least occasionally) for their employees.
The insurance industry set itself up for a public relations disaster when it comes to business interruption claims, and it should be prepared to be called out more often on the name given to the coverage, says one risk researcher.
Here I sit at my house. Thanks to COVID-19, my town is pretty much locked down. Most places are closed, including the campus where I work. I am working from home for the rest of the semester. That doesnt really bother me.
When encountering the term “catastrophic risk”, most people will think about extreme weather, climate change, earthquakes, and other related concepts involving nature. However, Marshs Technology Industry Risk Study 2020 has highlighted a widely underestimated risk that could potentially lead to catastrophic results: the failure of technology to perform.
In case you werent aware, theres a pandemic currently sweeping our nation, and the convulsions caused by COVID-19s impact on our personal lives have only been rivaled by those felt in our professional ones.
As the COVID-19 pandemic continues to unfold and wreak unprecedented havoc on global economies, the idea of a federal pandemic risk insurance program in the US has been put forward, with several sectors voicing their approval.