This message was sent to ##Email## April 23, 2020   |   Home  |   About  |   Membership  |   Education & Training  |   Resources  |        TOP NEWS As cities go smart, privacy, IP liabilities can escalate Bloomberg Law Goodwin Procter attorneys explore the liabilities that “smart cities” face as they and citizens use privately developed technology for their infrastructure and daily life — like regulating traffic, using e-scooters, and remotely monitoring security — and outline lessons for manufacturers.  READ MORE Using data to drive intelligent risk management Credit Union Times As credit unions continue their data maturity journey and strive to become more data-centric organizations, a key area of business that is often left un-transformed is risk management. Instead of using institution-specific data to augment risk management strategies, credit unions all too often rely solely on qualitative past experiences or industry trends.  READ MORE Democratic lawmakers ask how FEMA is planning to balance natural disasters, COVID-19 response The Hill Democratic lawmakers are requesting that the Federal Emergency Management Agency (FEMA) supply information on how it is planning to balance natural disasters and its COVID-19 response.  READ MORE Family offices should take actions on risk management Financial Advisor In recent years, the number of extremely wealthy individuals has grown—and with it, the demand for specialized family office services. According to data from Wealth-X, a research and analytics firm focused on compiling data on the wealthy, there are nearly 291,500 individuals with a net worth of more than $30 million, holding more than $36,100 billion collectively.  READ MORE    SPONSORED CONTENT Promoted by Insurance Program Managers Group The most effective way to protect public safety employees How to use predictive data to reduce workers’ compensation claims Don’t fear your workers’ compensation audit — here’s what you need to know Minimizing claims costs by tackling core issues affecting workforce health The tools public entities need to mitigate risk and manage claims   Embracing cybersecurity for better vendor access risk management Security Boulevard When the event hit the news that the medical debt collector American Medical Collection Agency suffered a massive data breach last year, businesses from various industries were shaken. The personal data of around 24 million unknowing customers were compromised. This third-party vendor breach alone affected at least 23 healthcare organizations, three professional services firms, two business support entities, and a manufacturing company.  READ MORE 3 governance, risk and compliance trends to watch Security Boulevard The compliance space is constantly changing. Simply put, being compliant means obeying the rules. The complexity is high for organizations operating across multiple geographies with multiple sets of standards and regulations, leading to a market that is set to reach $64.62 billion by 2025.  READ MORE Applying risk management strategies to new work options Property Casualty 360 As organizations bend to economic headwinds caused by the COVID-19 pandemic, prevention and early detection of potential claims will also be critically important to contain and mitigate balance sheet exposures. First-responders, healthcare workers and “essential” personnel will all be affected by COVID-19, necessarily resulting in significantly greater numbers of workers’ compensation claims.  READ MORE Risk management in a global pandemic Medium A crisis can often amplify complexities. This is certainly true of modern business in 2020 with a world on lockdown, a pandemic sweeping through the globe, economic uncertainty, a remote workforce, an increase in cyber-attacks, political uncertainty in some parts of the world, and regulatory requirements and compliance obligations are among some of the major risks organizations are currently facing.  READ MORE Technology will be key differentiator in risk management according to new Aite Group study Finextra Digitalization of risk technology will be a pivotal factor in the monitoring and management of risk during increasingly common periods of volatility and continuing market uncertainty, according to findings by Aite Group, a global research and advisory firm, and Torstone Technology, a leading provider of post-trade processing and risk management.  READ MORE Public-private partnerships key to covering pandemic risks: FERMA Business Insurance The Federation of European Risk Management Associations urged the European Commission to back the development of public-private partnerships to cover future pandemic risks.  READ MORE PRIMA Risk Watch Connect with PRIMA Recent Issues | Subscribe | Unsubscribe | Advertise | Web Version  Colby Horton, Vice President of Publishing, 469-420-2601 | Download media kit Lexi Silverberg, Content Editor, 469-420-2609  | Contribute news Public Risk Management Association 700 S. 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