Latest Risk Management Headlines
All the headlines from our Risk Management Topic Page, ordered by recency.
Marsh Study: UK Real Estate Firms Must Manage Risk More Effectively
Jul 20 2009 // A new report by Marsh has found that some UK real estate firms are failing to address the strategic risks facing their organizations, leaving them more vulnerable to the vagaries of market conditions and in a weaker...
S&P Raises Validus Outlook to ‘Positive;’ IPC Outlook Stays Negative
Jul 13 2009 // Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based insurance and reinsurance holding company Validus Holdings Ltd. to positive from stable, and has affirmed its ‘BBB-‘...
Car Dealers in the Storm
Jul 6 2009 // Dealers Left Standing Will Be Stronger, Leaner, and Better Experts Say Automobile shoppers may be abandoning car makers but insurance carriers and brokers remain dedicated partners, experts say. Yet no one can deny that...
Jackson’s Death and Event Cancellation; Max Cap Rejected; Still Searching Air France Crash Cause; Den Dekker is New FERM
Jul 6 2009 // Michael Jackson’s untimely death, barely two weeks before he was to begin a long awaited series of 50 concerts stretching over eight months, has been the world’s top story. It’s also a story in London,...
Safe and Sound
Jul 6 2009 // Making the Connection for Contractors Contractors with a sharp eye for their bottom line are smart to place a premium on safety. Insurance agents and brokers tend to know a construction business that avoids injuries is not...
Beecher Carlson Names Aon’s Grady to Direct Its ZOOM Risk Analytics
Jul 1 2009 // Atlanta-based commercial insurance brokerage and consulting firm Beecher Carlson has appointed Kevin Grady as managing director based in its Nashville, Tenn., office. Grady, who has 20 years of experience in analytics,...
Report on Federal Probe Into Deadly Katrina Flooding Released
Jun 29 2009 // An in-depth study by more than 150 experts commissioned by the Army Corps of Engineers to look into the catastrophic failure of the levees during Hurricane Katrina is done, though the report released June 26 divulged...
Marsh: Europe’s Communications, Media, Tech Firms Focus on Risks
Jun 25 2009 // A new report from Marsh concludes that the senior management at “85 percent of Europe’s leading communications, media and technology (CMT) companies have indicated they are placing increased importance on risk...
Houston Agency Names Persha Dir. of Environmental Risk Management
Jun 23 2009 // Houston-based insurance agency Bowen, Miclette & Britt has named Dan Persha as director of Environmental Risk Management. With 30 years of commercial insurance brokerage experience, Persha specializes in heavy...
Lower Premiums Cut Total Cost of Risk for Commercial Insureds by 9.4%
Jun 19 2009 // Despite the economic turmoil and the second worst year for insured natural catastrophe losses, the total cost of risk paid by businesses dropped in 2008 by 9.4 percent per $1,000 of revenue. The drop was largely...
Marsh Urges UK Manufacturers to ‘Leverage Risk Management’
Jun 17 2009 // Marsh’s UK office has issued a report – Manufacturing Industry Risk Footprint – which urges UK manufacturers to “put robust and flexible risk management systems in place to identify, mitigate and...
Aon Calls for Lower Premiums on Greener Business
Jun 17 2009 // In a recent speech to UK risk managers at the Association of Insurance and Risk Manager’s (AIRMIC) conference in Bournemouth, Andrew Tunnicliffe, COO of Aon Global Risk Consulting, called upon the insurance industry...
Bostonian Group Launches P/C Risk Management Practice
Jun 17 2009 // Massachusetts-based benefits firm The Bostonian Group has formed a property/casualty risk management practice group called Bostonian Solutions Property & Casualty. The firm said its risk management practice will...
Financial Crisis Teaches Risk Management, Modeling Lessons
Jun 12 2009 // The current financial crisis did not result from a failure of enterprise risk management (ERM), but a failure to implement ERM processes, according to actuaries. According to Parr Schoolman, senior vice president for Aon...
Den Dekker Elected FERMA President
Jun 12 2009 // Peter den Dekker, corporate insurance risk manager at Dutch multi-national Stork, has been elected President of the Federation of European Risk Management Associations (FERMA). He takes over from Marie-Gemma Dequae, whose...
Marsh Survey Finds Financial European Risk Management Budgets Stagnant
Jun 11 2009 // A survey, conducted by Marsh and the independent research group Ipsos, has concluded that almost all European financial institutions have reviewed their approach to risk since the onset of the global financial crisis,...
Northeast’s ProMutual to Buy Michigan Medical Liability Insurer FinCor
Jun 10 2009 // Massachusetts-based medical liability insurance company Medical Professional Mutual Insurance Co., known as ProMutual, will acquire medical liability insurer and risk management company FinCor and its...
Keystone Takes Stake in East Coast Risk Management
Jun 9 2009 // Keystone Insurers Group has purchased an equity interest in East Coast Risk Management as part of a deal that will provide the group’s franchised locations with an expanded suite of services. Northumberland,...
ACE Europe Finds Lack of Risk Manager Authority in Financial Crisis
Jun 8 2009 // “Financial institutions did not empower their risk management functions enough to curb the activities of risk takers which played a major role in the near collapse of the international financial system in...
People
Jun 1 2009 // TD Insurance Inc. has hired Linda Bogardus as an account manager in the Core Division of Commercial Lines. Bogardus, who is based in Burlington, Vermont, will oversee marketing and servicing large commercial insurance...
