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FM Magazine
The coronavirus pandemic has amped up risk management, forcing executives and employees to adapt to remote work, learn new technologies, and find different ways to serve clients and customers.
In a webinar and follow-up interview on risk management lessons from the pandemic, Mark Beasley, CPA, the KPMG Term Professor of Accounting and director of the Enterprise Risk Management Initiative at North Carolina State University in the US, said executives are still learning important takeaways from the pandemic.
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FCW
Whether President Donald Trump wins a second term or challenger Joe Biden becomes the next president, key management changes are needed to improve the agility and resilience of federal government services and operations, according to a leading government technology group.
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Forbes
The risk function is evolving rapidly in a world of ever-increasing volatility and complexity. While the pandemic and related challenges remain a continual focus for virtually all organizations, there are many other emerging risks that warrant attention.
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One of the biggest challenges insurance companies will face in the coming months will be how to effectively handle the deluge of claims related to COVID-19. For a lot of organizations, this sudden uptick in claims activity will put an enormous strain on resources that are already at capacity.
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Forbes
Continuity Planning is the long-term risk management process for families, family owned businesses and family offices. It is involves predicting futures, measuring sustainability and modeling the family and business dynamics over time. Implementation of the plan reduces the impact of foreseeable risks, adapts to unexpected change, and takes advantage of future opportunities.
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Forbes
Risk management is at the core of financial planning for businesses especially small businesses. As the recent pandemic and economic shutdown have shown, it’s important to prepare for both expected risks and surprises.
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Insurance Journal
U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to curb police misconduct.
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NU Property Casualty
There’s no shortage of businesses worldwide that are struggling to survive the coronavirus pandemic. But insurance organizations and vendors that fostered a digital-first business model before this year’s public health and economic crisis may now find themselves in a position for growth.
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Security Magazine
The Maritime & Port Security ISAO (MPS-ISAO), the Maritime ISAC, the Maritime Security Council (MSC), and the National Maritime Law Enforcement Academy (NMLEA) announced a collaborative initiative, the "Maritime Security Resilience Alliance" that has unified advancing global Maritime security resilience (physical, cyber, cognitive — disinformation and misinformation) by accelerating information sharing, coordinated response and adoption of best practices supported by education.
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Security Magazine
Global natural disaster events during 1H 2020 caused total economic losses estimated at $75 billion — 23 percent lower than the 2000-2019 average of USD98 billion, says Aon's Global Catastrophe Recap: First Half of 2020 report.
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