How to add predictive analytics into your risk program. Risk reports are often limited to historical insights and issues and do not provide guidance and insights into the future of the organization. Adding predictive analytics can allow your organization to detect emerging risks and create mitigation plans. This can be achieved by combining internal and external key risk indicators (KRIs) and key performance indicators (KPIs) with regulatory intelligence. This ensures that risk reports can detect more issues and highlight areas of concern. Click here to learn more.
HUD issues carbon monoxide notice
In an effort to protect families living in federally subsidized housing from potentially deadly carbon monoxide (CO), HUD yesterday sent all public housing authorities and private owners of HUD-subsidized housing a notice to remind and encourage them to install working CO detectors in their properties. The notice reminds HUD-subsidized housing providers of their legal obligation to install working carbon monoxide detectors in those jurisdictions where these devices are required. In those states and local communities where CO detectors are not required, the Department is strongly encouraging housing authorities and owners to install them. Additionally, HUD indicated that it will propose new regulations to require working CO detectors in all HUD-subsidized housing programs nationwide.