Do Your Records Put Your Business at Risk?

When it comes to record management and customer notifications, the legal requirements for businesses are vastly different from state-to-state. Take for example California, where businesses are required by law to immediately notify a state resident if his or her personal information has been acquired by an unauthorized user. Most states have similar laws. In Alabama, however, there is no state law requiring a business to notify customers of a data breach.

But only doing the bare minimum of what is legally required can still leave your business vulnerable to reputational harm, loss of customers and disruption of business processes that may prove catastrophic in the long run. Ask yourself this: If it were your data stolen, would you want or even expect to be notified?

How the Internet of Things Can Prepare Cities for Natural Disasters

When a disaster strikes, federal, state, and local governments need a coordinated strategy, accessible data, and a skilled workforce to manage the response. Natural disasters such as hurricanes, tornadoes, and floods have devastating effects on communities across our country. Since 1980 the U.S. has sustained more than 200 weather and climate disasters, with cumulative costs exceeding $1.1 trillion.

Government agencies should consider leveraging the internet of things (IoT) and other web-driven technologies to obtain timely and accurate data that can better inform decisions and actions. Using the most current technology could help them more efficiently and safely address these costly disasters. However, this type of progress will require more than just employing the IoT to improve emergency preparedness and response; response teams have to be ready to receive, interpret, and take action on the data.

Southern California faces extreme fire risk from dry winds

(Bloomberg) -- Dry and warm gusts blowing in from the desert have elevated the wildfire risk in Southern California to critical, several weeks after deadly flames tore through wine country to the north.

The strongest Santa Ana winds of the season threaten more than 14,000 square miles (36,260 square kilometers) covering a population in excess of 19.9 million, according to the U.S. Storm Prediction Center in Norman, Oklahoma. That includes Los Angeles, San Diego and San Bernardino. They’re expected to last through Thursday.

Year in Risk 2017

Whether it was natural disasters, cyberattacks, corporate crises, political uncertainty or terrorist activity, risk events made high-profile and often sobering headlines in 2017. Although by no means exhaustive, the following review of the year in risk can help risk professionals learn from the past so that they can better prepare for future threats.

On the Ground: Risk Management in a Historic Hurricane Season

A devastating hurricane season left catastrophic damage across the Atlantic basin, with the most severe storms in more than a decade striking the Caribbean and southern United States in close succession. While the year is not yet over, 2017 is already one of the most expensive in history for natural disasters. Risk Management spoke with individuals from across the risk and insurance community who were involved in the season’s three major Atlantic hurricanes—Harvey, Irma and Maria—to discuss their first-hand experience weathering the storms, managing disaster response and recovering in their wake.

Keeping Parades and Events Safe for Businesses and Employees

From Risk Management Monitor
November 16, 2017

Holiday parades will be marching down many U.S. city streets during the next six weeks, with millions of revelers expected to attend. And while these are historically joyous occasions, safety is a top concern for businesses located near the festivities—especially considering the high-profile violence that has recently dominated headlines. Rezwan Ali, risk solutions group head of security at Falck Global Assistance, which advises companies about security, safety and travel risks, spoke about the challenges and best practices faced by businesses and employees located near parade routes.


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