Houston-area officials: We weren't aware of Harvey's reservoir risk | Government officials participate in cybersecurity war games | US has seen three $1B weather-related events so far in 2018
April 17, 2018
Aon Public Sector Advisor: News from Aon's Thought Leaders
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Risk, Insurance, Claims & Safety
Houston-area officials: We weren't aware of Harvey's reservoir risk
Houston-area officials said during a House Homeland Security Committee hearing last week that they did not receive Army Corps of Engineers forecasts and other information about reservoir-flooding risks ahead of Hurricane Harvey in August. During the hearing, Col. Lars Zetterstrom of the Corps of Engineers said local officials received the information the day Harvey reached land and as the storm's effects on Texas continued.
The Associated Press (4/10) 
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Government officials participate in cybersecurity war games
More than 1,000 cybersecurity professionals participated last week in "Cyber Storm VI," a war-gaming event. Players from federal, state and local agencies gathered to simulate the discovery and response to large-scale cyberattacks.
National Public Radio (4/12) 
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US has seen three $1B weather-related events so far in 2018
Three weather-related disasters in the US have resulted in $1 billion or more apiece in damage and costs, according to the National Centers for Environmental Information. Those events were two nor'easters on the East Coast and a tornado outbreak in the South, totaling half the yearly average for such $1 billion disasters.
Bloomberg (free registration) (4/6) 
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Employee Benefits
CMS final rule allows states to choose essential health benefits
CMS final rule allows states to choose essential health benefits
(Joe Raedle/Getty Images)
The Centers for Medicare & Medicaid Services has issued a final rule that will allow states to determine essential health benefits covered by plans sold on Affordable Care Act exchanges beginning in 2020. The rule also allows states to propose changes to the medical loss ratio while relaxing MLR reporting requirements for insurers, eliminates standardized plan options for 2019 and raises the threshold for premium increases requiring state review from 10% to 15%.
Reuters (4/9),  Modern Healthcare (tiered subscription model) (4/9) 
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Report: State pension funding gap at record $1.4T
State-run pension plans had $2.6 trillion in assets and $4 trillion in current liabilities as of 2016, according to a report from the Pew Charitable Trusts. The $1.4 trillion funding gap is the highest ever recorded, according to the report.
USA Today/The Associated Press (4/12),  The New York Times (tiered subscription model) (4/14) 
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Higher Education
Mich. lawmakers mull measure to penalize colleges
Michigan lawmakers are considering a measure that would withhold 10% of operational funding for state colleges and universities that fail to comply with new Title IX requirements on sexual assault cases. The proposed budget restrictions come on the heels of a sexual assault scandal at Michigan State University.
The Detroit News (4/12) 
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What are presidents' views on inclusion, free speech?
A new survey from the American Council on Education found that 82% of college and university presidents said promoting inclusion was "extremely important" while 96% said they wanted students to hear a variety of viewpoints on campus. However, 70% of presidents say they're "somewhat" or "very concerned" that disputes over issues of free speech and inclusion could spark campus violence.
The Chronicle of Higher Education (free content) (4/10),  Inside Higher Ed (4/10) 
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Leadership & Management
It's a leader's job to break down silos and build strong teams
Increased demands on teams sometimes move members to retreat into self-preservation mode, so consider team-building activities to improve trust and communication, writes Naphtali Hoff. Cohesive teams won't happen until leadership studies each individual's strengths and provides training where required, so they will succeed as individuals and collectively, he writes.
SmartBrief/Leadership (4/11) 
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News From Aon
Cyber and the C-Suite: Breaking down silos to take on the hacker
An increasingly connected world has brought new business opportunities, increased efficiency and consumer convenience. But it has also increased risk. 2017 saw many organizations suffer significant financial damage as a result of cyberattacks. As these attacks affect all areas of operation, cybersecurity is no longer simply an IT issue. How should the C-suite be preparing for cyberthreats? Read more.
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Aon publishes 2018 Risk Maps for political risk, terrorism, political violence
Political violence risks are rising globally because of geopolitical tensions, a weakening of liberal democratic governance and the repercussive effects of chronic conflicts around the globe. For the third successive year, more country risk ratings have increased (17) than decreased (six). Aon's Risk Maps provide comprehensive insights into some of the most challenging risks facing firms operating worldwide, acting as an invaluable barometer for those seeking to understand and respond to the risks they face internationally. How do these findings affect your firm? Learn more.
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Solidarity among men has one of its strongest foundations in the experience of sharing one's own suffering with the suffering of all.
Erich Fromm,
social psychologist
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