The Roundup | January 1 –7, 2022

“The Roundup” is Origami Risk’s weekly bulletin of headlines and resources impacting risk, compliance, safety, P&C insurance, and healthcare

Mon, Jan 3 | Thousands of Additional Flights Canceled as Winter Storm, Omicron Surge Hurt Airlines

“Airlines canceled nearly 3,000 U.S. flights and delayed more than 4,600 flights” by Monday afternoon as a winter storm and Omicron-driven staff shortages continued to disrupt air travel after the busy holiday season. (Continue reading)

Mon, Jan 3 | AT&T and Verizon Agree to New Delay of 5G Rollout

AT&T said late Monday that the company had voluntarily agreed to an additional two-week delay, at the request of the U.S. Transportation Secretary Pete Buttigieg, after originally declining the request from the FAA. (Continue reading)

Mon, Jan 3 | Insurers Report Jump in Catalytic Converter Thefts; New State Laws May Help

The National Insurance Crime Bureau said the number of catalytic converter thefts reported in insurance claims jumped from 3,389 in 2019 to 14,433 in 2020. This is due, in part, to the skyrocketing costs of precious metals during the pandemic. (Continue reading)

Tue, Jan 4 | 2022 could bring new types of risk to the forefront

“A crackdown on corporate dishonesty, a rise in aviation security incidents, and a harder look at air pollution could be in the cards” for emerging risks in 2022 according to predictions published by global law firm Clyde & Co. (Continue reading)

Tue, Jan 4 | Workers Quit Jobs at a Record Level in November

According to the Labor Department, there were 10.6 million job openings at the end of November. The quits rate was 3% and returned to a record rate last seen in September 2021. (Continue reading)

Tue, Jan 4 | How insurance stands to gain from the No-Code/Low-Code revolution

No-Code/Low-Code systems have emerged in recent years, which require little to no programming skill, with technical specialists only required for system maintenance. (Continue reading)

Tue, Jan 4 I Navigating the workers' comp subrogation dance

At times, there may be minimal connection between the work comp and subrogation sides of a file; however, they can both be active at the same time. This requires coordination from both adjuster roles. PropertyCasualty360 shares five steps to smoothing out the process. (Continue reading)

Fri, Jan 7 | After Two Weeks of Flight Cancellations, Airlines Assess What Went Wrong

"Airlines are struggling through one of the most severe and persistent mass-cancellation events of the past decade" according to The Wall Street Journal. US cases of the COVID-19 Omicron variant surged so quickly that carriers were 'unable to
manage without upending holiday travel, wreaking havoc on already-stretched airline workforces." (Continue reading)

Fri, Jan 7 | FedEx Warns of Shipping Delays as Omicron Hurts Staffing Levels

The COVID-19 Omicron variant continues to cause disruption across industries, with FedEx releasing a service alert stating that the "explosive surge of the COVID-19 Omicron variant has caused a temporary shortage of available crew members and operational staff in the FedEx Express air network." (Continue reading)