We are very excited for the year to begin, and we look forward to being able to get together in person as soon as possible, but the Omicron variant and Covid-19 in general keeps us focused on the safety and health of everyone. I am very proud to be serving again as the President of the Los Angeles Chapter of RIMS, and we are looking forward to having a great year as a Chapter. Happy New Year to everyone, and I hope you have all had an incredible start to 2022. Mark Friedlander, director of corporate communications at The Insurance Information Institute, said, "Based on preliminary assessments of the extensive property damage we are seeing across multiple states, this weekend's tornado outbreak has the potential to be the costliest on record in the U.S." Myers, AccuWeather founder and CEO, estimated that the tornadoes are expected to cost about $18 billion in total damage and economic loss. While Karen Clark & Company has estimated that the insured loss from the tornado outbreak will be about $3 billion, and credit rating agency Fitch predicted that losses would total $5 billion, Dr.
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Last week, a series of tornadoes ripped across the Midwest and Southern United States, killing dozens and crippling infrastructure in Arkansas, Illinois, Indiana, Kentucky, Mississippi, Missouri, Ohio and Tennessee. Tornadoes Devastate Midwest and Southern States The final mandate was issued by the Centers for Medicare and Medicaid Services (CMS), and requires vaccination of all healthcare workers at CMS-covered facilities.
The second mandate involves federal workers and contractors and requires them to obtain a vaccination without any option for weekly testing. First, the Emergency Temporary Standard (ETS), issued by the Occupational Health and Safety Administration (OSHA), requires that all employers with 100+ employees mandate vaccination or weekly testing. In an effort to combat the COVID-19 virus and its subsequent variants, the Biden administration has instituted three important mandates that employers should be aware of as they may impact their business. What Employers Need to Know About Federal COVID-19 Vaccine Mandates As the presentations made clear, technology introduces some of the greatest risks to organizations, but also some of the most promising innovations to introduce or enhance risk management. Last week, the RIMS TechRisk/RiskTech virtual event featured two days of education content on some of the biggest challenges and opportunities in modern risk management, focusing extensively on cyberrisk as well as risktech-the latest technology tools and techniques for managing risk. Attacks attributed to Russia have been launched against a range of targets in Ukraine, including new destructive malware campaigns, targeted information-gathering against a range of civilian and government targets, and attacks on critical infrastructure.Ī TechRisk/RiskTech Reading List from Risk Management Magazine Cyberrisk has also drawn considerable concern and the threat landscape continues to evolve rapidly, though the details of increased cyberattack activity are not yet fully known and may be largely unfolding below the surface right now. Cyberrisk Management Tips for Businesses Amid the Russia-Ukraine WarĪ wide range of risks are trickling down from Russia’s assault on Ukraine, from sanctions compliance to supply chain disruption to business interruption.
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