article thumbnail

Inflation Considerations for Risk Managers and Insurance Buyers

Risk Management Monitor

Inflation’s Impact on the Insurance Market. In light of current economic conditions, the directors and officers (D&O) insurance market is now facing several notable inflationary risks. With high unemployment and higher costs, this also poses a risk to employment practices liability (EPL) insurers.

article thumbnail

How Banks Can Prepare for the FDIC’s Proposed Standards

LogisManager

While banks may argue that this oversight and change in philosophy will not lead to an overall improvement in corporate governance , it should be noted that since the 2008 financial crisis, federal banking regulators have become more involved in overseeing governance and risk management.

Banking 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Covid-19: Elements of a Scenario

Emergency Planning

US Homeland Security Council 2005, UK Government 2008), while in others it did not. UK Government 2008. It is now more than ten years since there was a general push to induce countries to plan for pandemics (WHO 2005). In some quarters, it had an immediate effect (e.g., Pale Rider: The Spanish Flu of 1918 and How it Changed the World.

Pandemic 130
article thumbnail

Business Continuity as a Business Strategy

Disaster Recovery Journal

In November 2008, a major fire destroyed a historic building in the main section of Champaign, IL. The 2008 Business Continuity Instituteâ??s The firm had an advantage in understanding the legal frustrations surrounding insurance claims, city investigations, and client services. Business Strategies.

article thumbnail

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. Some are quick to conclude rising interest rates and COVID-driven disruptions are to blame.

Banking 98
article thumbnail

Data Privacy Awareness Month 2024: Roundup of Expert Quotes

Solutions Review

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. If you work with a cyber insurance provider, ask them for your organization’s risk assessment report and how they can help you improve your cyber hygiene. Upholding good cyber hygiene.

article thumbnail

Data Privacy Day 2024: The Definitive Roundup of Expert Quotes

Solutions Review

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. If you work with a cyber insurance provider, ask them for your organization’s risk assessment report and how they can help you improve your cyber hygiene. Upholding good cyber hygiene.