Risk Management News

Business Interruption Tops List of Risks Facing Global Organizations: Survey

Business interruption, property damage and general liability are the top three risks faced by businesses, non-governmental organizations and governmental agencies operating outside the U.S., according to the Summer/Fall edition of “Clements Worldwide Risk Index.” In fact, business interruption and property …

Hanover Stone Partners Adds 3 to Midwest Risk Management Team

Risk management services firm Hanover Stone Partners has appointed Katherine Smith Dedrick, William M. Goddard, and David A. Seibert as senior risk advisors in the Central United States. Based in Chicago, Dedrick is an accomplished insurance attorney and risk consultant. …

Goodwin Joins MJ Insurance in Indiana

MJ Insurance has added Ryan Goodwin to its risk management and commercial insurance team in Indiana. Goodwin joins MJ from Morgan Insurance Group in Martinsville where he worked for the past five years. Previously, Goodwin served as a police officer …

Good Risk Management Is Just Good Business: Steel, Former CRO of AXIS Capital

Companies originally created the role of the chief risk officer because they “recognized that good risk management is really good business,” according to Michael Steel, former CRO at AXIS Capital. The role of CRO is a relatively new one for …

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 …