wednesday, february 3, 2021 (virtual)
10:00 - 10:20 am
General Introduction RIMS Chicago Chapter
Presented by Gail Bartholomew and Robert Benvenuto, 2021 CRF Co-Chairs.
10:20 - 11:30 am
Risk Manager Roundtable Sessions
. Only Risk Managers Can Attend
. Attendance is limited to 22 people for each Roundtable session.
. Attendees will include Risk Managers, plus the moderator, for each Roundtable.
. Topics for all Roundtables will the same in each session.
. Registration will be available on the CRF APP when it goes live on 1/22/2021. Attendance is limited. First-come, first-served. Maximum of five roundtable sessions.
11:30 - 11:45 AM
Roundtable Wrap-Up – Top Three
All roundtable attendees will reconvene as a group to hear the top three Roundtable Hot Topics. Each moderate will present their hot topics.
11:45 AM - 1:30 PM
1:45 - 2:45 PM
Track 1: Cyber and Technology Risk
Session 1: Elissa Doroff and Akhil Chopra of NFP; Andrew Shaughnessy and Matthew Dowling of S-RM Intelligence and Risk Consulting; Al Saikali of Shook, Hardy & Bacon
Will Your Company be the Next Victim of a Ransomware Attack? Learn How to Prepare, Respond and Remediate.
Ransomware costs are increasing exponentially each day. In this one-hour session, we’ll walk through an attack, learn what steps to take in the process and what resources to draw upon. We’ll discuss the latest threats and how your company can best be prepared.
Session 2: Dominic Keller of Willis Towers Watson
How to Enhance Insurance Strategy and Stakeholder Engagement Using Scenario-Based Cyber Risk Quantification
Cyber Risks are rapidly evolving and are a key cross organizational strategic challenge drawing the attention of C-Suites and organizational leaders. The financial impacts of a cyber incident and the types of cyber exposures that can have significant organizational impact vary significantly based on unique organizational factors. Scenario Based cyber risk quantification allows organizations to understand the unique financial loss potential posed by cyber risks across their organization. This session will explore the types of scenarios that can be quantified, key inputs for each scenario and how Willis Towers Watson and The Kraft Heinz Company have worked together in financially quantifying key risks to achieve the above objectives.
2:45 - 3:00 PM
3:00 - 4:00 PM
Track 2: Insurance, Legal and Regulation
Session 1: Joseph Stafford of Wilson, Elser, Moskowitz, Edelman & Dicker, LLP
An Eye for an Eye: Emerging Risks with Biometric Data
Biometric data is used to identify and record a person’s unique characteristics, such as fingerprints, iris patterns, hand scans, and voice or face recognition. Biometrics are individualized, reliable, and can improve security and efficiency. As a result, they have become popular among businesses in managing their employees and dealing with their customers. However, since these identifiers are unique and permanent, their collection and use raises significant privacy concerns that has lead certain states to enact statutes and regulatory measures. One example is the Illinois Biometric Information Privacy Act (“BIPA”), which allows individuals to sue companies for failing to obtain informed consent before collecting this data and for not maintaining proper safeguards for its storage. Increased litigation and regulatory interest, along with sizable settlements, have emboldened plaintiffs’ class action attorneys. Businesses collecting and using biometric data are more vulnerable than ever. This course discusses the current state of biometric regulations, focusing on recent cases, notable settlements, topical articles, and insurance issues created by this exposure. This session will outline the “best biometric practices” for risk managers and highlight the current and emerging insurance coverage issues businesses face related to these claims.
Session 2: Alexis Maimonis of Litchfield Cavo
COVID-19’s Impact on Workers’ Compensation
This session examines Covid 19’s impact on Workers’ Compensation laws and the new “work from home” movement trend it created. The most important change in Workers’ Compensation law as a result of Covid 19 is the change in “presumptions” in a majority of states across the country, which makes it easier for certain “essential employees” to obtain WC benefits, if they contract Covid 19. This session discusses why this is important, what this means for employers and how this may impact litigation. Another important impact of Covid 19 is the trend toward “telework.” This session covers what telework is, how Workers’ Compensation laws and cases apply to telework, what the most common sources of injury may be when employees work from home and what employers can do to mitigate the risk.