Latest Risk Management Headlines
All the headlines from our Risk Management Topic Page, ordered by recency.
Crop Insurance Losses Mount in Midwest
Sep 18 2012 // Thousands of farmers are filing insurance claims this year after drought and triple-digit temperatures burned up crops across the nation’s Corn Belt, and some experts are predicting record insurance losses —...
Myron F. Steves & Co. Creates Endowment for Insurance Education
Sep 5 2012 // Houston-based Myron F. Steves & Co. has established the Myron F. Steves Endowed Directorship for the Center for Insurance and Risk Management at the University of Houston Downtown. The $250,000 endowment recognizes...
ISO Says States OK Optional By-Peril Rating Rules for Homeowners
Aug 24 2012 // ISO says it has received approval of its Risk Analyzer Homeowners by-peril rating rules in 13 states and has filings pending approval in several other states. ISO would not disclose which states have cleared its filings....
Hard Market Generates New E&O Challenges for Insurance Agents
Aug 22 2012 // The soft market has made the job of insurance agents very difficult the last few years. Competition has been extremely fierce, and premiums so low that agents have had to fight for business and write more accounts just to...
7 Terms You Can’t Say in Insurance But Use Them Anyway
Aug 20 2012 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 20, 2012. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Thomson Reuters Establishes Connecticut’s First Captive Insurance Co.
Aug 2 2012 // Connecticut Gov. Dannel Malloy announced today that international media and information company Thomson Reuters has relocated its U.S. insurance subsidiary from Delaware to Connecticut. The subsidiary, Thomson Reuters Risk...
Private Claims Firm Saves Louisiana’s Risk Management Agency $1.4M
Jul 30 2012 // A private company based in Mandeville contracted to run much of the claims processing and management handled by Louisiana’s Office of Risk Management has been producing results ahead of schedule, legislative auditors...
Montpelier Re Names Dr. Gero Michel Head of Risk Analytics
Jul 9 2012 // Montpelier Reinsurance Ltd., the Bermuda reinsurance subsidiary of Montpelier Re Holdings, announced the appointment of Dr. Gero Michel as Head of Risk Analytics, a new position at the Company, effective July 1, 2012. He...
Mitsui Sumitomo at Lloyd’s Names Burke CRO
Jul 5 2012 // Mitsui Sumitomo at Lloyd’s has appointed Martin Burke as Chief Risk Officer. He has worked within the Lloyd’s and company markets for 15 years, most recently serving as Finance Risk Manager within the...
Mathewson Joins Lockton Risk Management Team in St. Louis, Missouri
Jul 5 2012 // Lockton St. Louis announced the addition of Jim Mathewson, senior vice president, to its Risk Management team. In his new position, Mathewson will be responsible for working directly with clients to provide strategic...
Agents Seek Diversified Role in Group Health/Benefits Arena
Jul 2 2012 // In recent years, a growing number of independent property/casualty agencies have begun offering group health/benefits services to their clients. In interviews with Insurance Journal, agency executives in the Northeast...
Business Transitions More Risky for Lawyers: Study
Jun 29 2012 // The practice of business transactions presents greater professional liability risk for attorneys than many other areas of practice, a new analysis revealed. A new study based on claims from CNA’s Lawyers Professional...
Study from CNA Analyzes Lawyers Professional Liability Claims
Jun 29 2012 // The Risk Control unit of CNA insurance companies has released a study that takes a look at lawyers and the practice of business transactions, a diverse area that often involves drafting and negotiating agreements and...
Moody’s Cuts Ratings of 15 Global Banks
Jun 22 2012 // Ratings agency Moody’s Investors Service downgraded 15 of the world’s biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital...
Business Moves – Midwest
Jun 18 2012 // strong>Arthur J. Gallagher & Co., Grossman & Associates Arthur J. Gallagher & Co. has acquired Grossman & Associates Inc. in Beachwood, Ohio. Terms of the transaction were not disclosed. Founded in...
Business Moves – South Central
Jun 18 2012 // Southport Lane, Lonestar Holdco, Dallas National Southport Lane, a New York-based private equity firm, through its subsidiary Lonestar Holdco LLC, will acquire Dallas National Insurance Co., a Texas based property and...
AIG’s Chartis Launches Hospitality and Leisure Industry Practice Group
Jun 5 2012 // AIG’s property/casualty division Chartis announced the launch of its hospitality and leisure industry practice group, which will provide specialized insurance and risk management products for the hotel, amusement,...
William Gallagher Exec Joins First Niagara Risk Management in New York
Jun 4 2012 // First Niagara Risk Management, the Buffalo, N.Y.-based insurance brokerage subsidiary of First Niagara Bank, appointed Kirk Jensen as managing director and senior executive. Jensen’s 25-year career in the insurance...
Wharton School Launches Risk and Insurance Program
Jun 4 2012 // The Wharton School at the University of Pennsylvania said on May 21 that it has established a new Wharton/Penn Risk and Insurance Program (WPRIP). The program’s goal is to promote and disseminate cutting-edge...
University of Pennsylvania Launches New Risk and Insurance Program
May 23 2012 // The Wharton School at the University of Pennsylvania said this week it has established a new Wharton/Penn Risk and Insurance Program (WPRIP). The program’s goal is to promote and disseminate cutting-edge research on...
