RIMS News

Push for Uniform Adjuster Licensing With Reintroduction of the CLAIM Act

Federal legislation was again introduced to streamline the claims process during disasters by offering model adjuster licensing and testing requirements to states. Originally introduced in 2012 by Representative Stephen Lee Fincher in the house as H.R. 6415 and then reintroduced …

Millennial Says Individual Development Plans, Pay Incentives Nurture Younger Staff

The insurance and risk management fields are professions with legions of rapidly-retiring older employees, and they struggle to hire and keep promising new, and younger ones. How to accomplish this? Customized training is one way to do this, a millennial …

Survey: Most Businesses Unprepared for Self-Driving Cars

Most companies are unprepared for the emergence of autonomous vehicles (AVs), according to corporate risk managers surveyed by Munich Re at the 2016 Risk and Insurance Management Society Conference (RIMS). Despite the potential business impact of this technology, a majority …

Marsh/RIMS Report on Future Difficulty in Forecasting Emerging Risks

Most risk professionals believe that forecasting risk will not get any easier in the next three years, with cyberattacks and regulation topping the list of areas from which emerging risks will likely arise, according to a new report published jointly …

RIMS Cyber Survey Outlines Top 3 First Party Exposures

Due to the tremendous publicity and new information regarding the impact of a cyber attack, organizations have placed greater emphasis on developing risk management strategies to proactively address these exposures. The Risk Management Society (RIMS), conducted its first Cyber Survey …

In-Depth Study Reveals How Drones Can Help in All Phases of a Disaster

Though drone usage is mainly used in disaster response currently, a new report highlights the benefits of using drones in all four stages of the disaster life cycle: prevention, preparation, response and recovery. Zurich North America, a co-sponsor of the …

RIMS: Preparing for Risk Transfer Driven by Autonomous Vehicles

Picture a work day that begins like this: You step out of your house and into your self-driving vehicle, which carries you comfortably and safely to your office while you read the newspaper. After dropping you off, the car returns …

RIMS: Panel Discusses Legalized Marijuana’s Impact on the Workplace

The growing trend of states working to legalize medical marijuana has created challenges in the workplace. However, there are opportunities to implement best practices to manage the use of medical marijuana in workers’ compensation, according to Kevin Glennon, RN, vice …

RIMS Report: Insurance Gamechangers Include Cyber, Talent, Data

Protecting clients against growing and poorly understood risks associated with information technology system failures is a leading concern of the insurance industry today, a group of underwriters and brokers told risk managers this week. Along with cybersecurity, the insurance professionals …

RIMS Report Highlights Benefits of a Proactive Claims Management Program

The Risk Management Society (RIMS) recently released a report that reviews claims management principles, as well as steps for establishing, implementing and maintaining an effective claims management program. Proactive claims reporting and management can contribute positively to the ongoing sustainability …