Latest Risk Management Headlines

Edgewood Partners Makes Two Appointments

Dec 20 2007 // San Mateo, Calif.-based Edgewood Partners Insurance Center has hired Jim Halbleib as a principal and executive vice president for the San Mateo office. Halbleib will produce and manage regional, national and global...

Midwest Insurance Education Groups Announce Merger

Dec 19 2007 // Two insurance education organizations, the Insurance Education Institute (IEI) of Indianapolis, Ind., and The Griffith Foundation for Insurance Education of Columbus, Ohio, recently signed an agreement to merge effective...

Lockton Expands St. Louis Risk Management Team

Dec 17 2007 // Mo.-based Lockton recently announced that it has expanded its St. Louis brokerage team with the addition of Linda Liston as vice president-Account Executive, and Debra Bunce and Diane Fischer as account executives, and...

RMS Estimates High Level of Hurricane Activity for 2008-2012

Dec 7 2007 // Risk Management Solutions has confirmed its modeled hurricane activity rates for 2008 to 2012, following “an elicitation with a group of the world’s leading hurricane researchers.” The forecast concludes...

Coastal Flood Peril Study: $3 Trillion Today – $35 Trillion by 2070

Dec 6 2007 // An exhaustive study of the threat posed by coastal flooding warns that “as many as 150 million people in the world’s major cities could be reliant on flood defenses by 2070 – more than three times the 40...

XL Insurance Completes Purchase of GAPS

Dec 4 2007 // XL Insurance said it has completed the purchase of Global Asset Protection Services (GAPS) from Swiss Re. The financial terms of the deal, which was first announced on Nov. 16, have not been released. XL is the global...

Watson Wyatt: Property/Casualty Insurance Market to Remain Soft in 2008

Dec 2 2007 // The market for property and casualty insurance will stay soft in 2008, as premiums are expected to either decline or remain flat, according to actuarial and risk management experts at global consulting firm, Watson Wyatt...

Nov 18 2007 // People Lockton Companies LLC appointed Frank Scardino as president of the company’s Dallas property and casualty operation. In his new position, Scardino is responsible for setting the vision and long-term strategies...

New Players Enter the E&O Market … But Some Agents May Not See Rates Decline

Nov 18 2007 // Despite a rosier outlook in the agents’ errors and omissions (E&O) insurance market compared with years past, many insurance agents still faced rate increases in their E&O coverage in 2007 and anticipate...

Looking for Profits at Marsh

Nov 18 2007 // MMC’s CEO Cherkasky searches for more insurance commissions The Marsh & McLennan Companies, or MMC, has seen its once dominant position atop the brokerage world assailed by changing conditions, Eliot Spitzer,...

Watson Wyatt: P/C Market to Remain Soft in 2008

Nov 16 2007 // The market for property and casualty insurance will stay soft in 2008, as premiums are expected to either decline or remain flat, according to actuarial and risk management experts at global consulting firm, Watson Wyatt...

Integro Names Three Practice Leaders

Nov 14 2007 // Integro Insurance Brokers appointed three national specialty practice leaders, effective immediately: Private Equity — Nick Conca is a managing principal and leader of Integro’s New York Management Risk team....

Survey: Corporate America Lags Behind in ERM Implementation

Nov 14 2007 // More corporate boards are driving enterprise risk management (ERM), but despite progress, ERM has yet to become embedded in most companies’ day-to-day activities, according to a survey of corporate executives. a...

Looking for Profits at Marsh

Nov 12 2007 // The Marsh & McLennan Companies, or MMC, has seen its once dominant position atop the brokerage world assailed by changing conditions, Eliot Spitzer, more competition and its own internal restructuring. Although MMC...

Catastrophe Modeling Pioneer Clark Advises on Insurers’ Best Practices

Nov 6 2007 // Karen Clark & Co. in Boston has started providing reviews of company internal catastrophe risk assessment and management processes to help companies ensure they have holistic risk management processes that comply with...

Assurex Global, National Alliance Create International Insurance Program

Nov 6 2007 // The National Alliance for Insurance Education & Research and Assurex Global announced they have partnered to create a strategic initiative focused on “Developing and Managing An International Book of Insurance...

State Auto Fills Key Spots in Sales, Development, Risk Management

Nov 5 2007 // The State Auto Insurance Cos. today announced the names of individuals that will fill key positions within the company. One of those named was industry veteran Clyde H. Fitch Jr. who will lead the company’s sales and...

News Currents

Nov 4 2007 // Catastrophic wildfires sweep across Southern California Industry estimates insured losses at more than $1.5 billion and rising Insured losses are continuing to accumulate from Southern California wildfires that burned in...

Edgewood Adds Program Group to Staff

Nov 1 2007 // San Mateo, Calif.-based Edgewood Partners Insurance Center (EPIC) has launched a program group in its new San Ramon office at Bishop Ranch. Seth Madnick, senior vice president, Bonnie Tsutsumi, program director, and...

Risk Modeler Says Repeat of 1987 Windstorm Could Cost $14 Billion

Oct 15 2007 // Risk Management Solutions (RMS) has released an impact study of the potential losses from a windstorm of the force and velocity of the one that hit Southern England and Northern France in 1987, if it occurred today. The...