Risk Management News

Mid-Market Firms Fall Short on Natural Catastrophe Risk Management: Assurex Global

Middle market businesses in all parts of the world view their exposures to natural catastrophes as increasing but some fall short when managing these risks effectively, according to a new survey of senior executives at more than 80 independent insurance brokers. The survey …

Cobbs Allen Opening Office in Houston

Cobbs Allen, a risk management firm specializing in commercial insurance, employee benefits, personal insurance and alternative risk financing services, is expanding its operations into Houston. The expansion project is part of a larger strategy to increase specialty services, expertise and …

Church Mutual, Insight Worldwide Partner on Pre-Employment Screening

Merrill, Wis.-based Church Mutual Insurance Co. announced it has partnered with Insight Worldwide to offer access to pre-employment screening for those who hire employees at senior living communities. Pre-screening applicants before engaging in an employment agreement helps ensure that new …

5 Principles for Navigating Complex Property/Casualty Claims

Property/casualty losses arising from construction defects, earthquakes, hurricanes, floods, fires, industrial accidents, tornadoes or any number of other perils can strike at almost any time. When they do, the impacts to a business can be crippling, and managing the operational, …

How to Avoid D&O Policy Pitfalls – and Declined Claims: Marsh Report

When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to deal with “the financial costs of a claim or loss entirely on its own,” according to a report published by Marsh. …

Sompo Launches Model to Evaluate Wind Farm Risks  

The Sompo group companies have launched a model for evaluating risks to onshore and offshore wind farms. The model, which provides key pricing and cat modeling data for insuring the construction and operation of wind turbines, was created by Sompo Japan …

RIMS 2016: Star Trek Tools, Workers Comp’s Future Help Draw Biggest Crowd in 13 Years

Workers’ compensation, geopolitical risks, recalls, disaster response, the captive industry and cyber security were among the topics of sessions held throughout the final day of the annual RIMS conference for risk management and insurance professionals in San Diego, Calif. The …

RIMS 2016: Sea Level Rise Will Be Worse and Come Sooner

Think sea level rise will be moderate and something we can all plan for? Think again. Sea levels could rise by much more than originally anticipated, and much faster, according to new data being collected by scientists studying the melting …

RIMS 2016: Employee vs. Contractor Debate to Become Even Hotter

The employee vs. contractor debate has the potential to have a major impact on the insurance industry, according to a pair of experts speaking on the topic on Monday in San Diego, Calif. It’s estimated there are 10 million independent …

Tokio Millennium Re Appoints Kull as Chief Risk Officer

Zurich-based Tokio Millennium Re AG (TMR) has appointed Andreas Kull to the role of chief risk officer (CRO) and member of the executive committee, effective immediately. Andreas Kull will succeed Akira Higuma, current CRO, who after five years at TMR …