Risk Management The Magazine of RIMS
Time 2021-01-08 10:03:48Web Name: Risk Management The Magazine of RIMS
WebSite: http://www.rmmagazine.com
ID:160501
Keywords:
The,Management,Risk,Description:
These three legal decisions from 2020 have recurring importance to policyholders’ risk management, in-house legal and treasury departments. COVID-19 has highlighted the talent gap and recruiting issues for risk professionals. As risk management teams continue to address COVID dangers, flu season may create new challenges in the coming months. A few proven steps can set organizations on the right path toward an effective construction project risk management strategy. With another wave of COVID-19 wreaking havoc worldwide, recent insurance coverage litigation decisions have been building upon lessons learned since the pandemic began. The Department of Justice uses the False Claims Act to fight corporate fraud, and risk professionals can take steps to reduce this enforcement threat. The U.K. s experience with going back to the workplace during the COVID-19 pandemic can provide lessons for other businesses. Keeping these tips in mind can protect businesses from the evolving risk of ransomware. COVID-19 dominated headlines and redefined the risk landscape, but a host of other notable events also shaped 2020 and underscored the critical role of risk professionals this year. While already battling COVID-19, hospitals and health care facilities suffered a record number of ransomware attacks in 2020, disrupting operations, risking patient care and threatening sensitive medical data. A look at COVID-related insurance claims in 2020 and trends to watch as the pandemic continues. Risk professionals must refocus on three key areas: governance, business resiliency and cybersecurity. California’s new data privacy law strengthens consumer privacy requirements for businesses. These risk management trends should be on your company’s radar for the new year. New auto accident reporting and investigation measures are key to controlling costs.TAGS:The Management Risk
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