Latest Risk Management Headlines
All the headlines from our Risk Management Topic Page, ordered by recency.
Jury: Brightpoint Risk Manager Guilty in Insurance Scheme with AIG
May 29 2007 // A federal jury in a civil case concluded last Friday that a former Brightpoint executive violated U.S. securities laws by helping a colleague create a finite reinsurance scheme to conceal millions of dollars in losses by...
A closer look at risk management for habitational risks
May 21 2007 // Habitational properties — apartments, condominiums, hotels, motels — present similar property and liability risks, including fires, slips and falls, and water damage. These concerns can be addressed with...
A closer look at risk management for habitational risks
May 21 2007 // Effective management and maintenance tips to help clients avoid major losses Habitational properties — apartments, condominiums, hotels, motels — present similar property and liability risks, including fires,...
D&O, workers’ comp lead downhill pricing parade, according to risk managers’ survey
May 21 2007 // Directors and officers insurance continues to be a highly competitive line. In the first quarter of 2007, D&O prices decreased by 7.7 percent and by more than 12 percent in the last two quarters of 2006 combined,...
Study: Financial Executives Expect Business Risks to Persist, Intensify
May 18 2007 // Financial executives at the world’s largest companies expect the severity of their most prevalent business risks to remain constant or intensify through 2009, according to the “Managing Business Risk Through...
Strong Demand for Weather Risk Management Contracts, Group Says
May 14 2007 // Demand for weather risk management tools – futures, derivatives and insurance – continues to be strong worldwide, according to The Weather Risk Management Association (WRMA), the international trade group...
Risk Management Solutions Appoints Bentley COO
May 14 2007 // Risk Management Solutions based in Newark, Calif., has named Robert Bentley chief operating officer. Bentley, who was previously Global COO at Guy Carpenter & Co. LLC., will be responsible for all operational aspects...
FERMA Sees Major Role for Risk Managers in Climate Change Battle
May 8 2007 // “Climate change will grow in importance for risk managers as the fight against global warming intensifies following the latest report of the Intergovernmental Panel on Climate Change (IPCC),” according to...
Symetra Financial To Acquire Medical Risk Managers
May 2 2007 // Bellevue, Wash.-based Symetra Financial has announced a definitive agreement to acquire Medical Risk Managers Inc. of South Windsor, Conn. The deal is expected to close by the end of second quarter 2007 and be accretive to...
Risk Managers Urged to Take Charge to Enhance the Placement Process
Apr 30 2007 // The president of the nation’s leading risk management organization urged risk management professionals to “take the bull by the horns” to increase quality and customer service in the insurance placement...
S&P Lowers TICNY Rating; Company Views Action as Misleading
Apr 27 2007 // Standard & Poor’s Ratings Services said it has lowered its counterparty credit and financial strength ratings on Tower Insurance Co. of New York (“Tower”) to ‘BB+’ from...
Harnett Named Senior VP for ACE Risk Management in Mid-Atlantic
Apr 25 2007 // ACE USA has appointed Michael Harnett to the position of senior vice president, Mid-Atlantic region for ACE Risk Management (ARM). Based in Philadelphia, Harnett will oversee ARM branch operations in the Mid-Atlantic...
Transportation Risk Management Adds Lord to National Sales Department
Apr 10 2007 // John D. Lord has joined Transport Risk Management Inc. in the National Sales and Production Department based in Conifer, Colo. He is a 14-year veteran in the insurance business, having spent 10 years in the aviation...
Industry Reports Progress on Terrorism Risk Modeling But Challenges Remain
Apr 5 2007 // Sophisticated catastrophe models are greatly aiding commercial insurance actuaries in establishing underwriting and pricing guidelines for terrorist attacks, according to industry experts at this week’s Casualty...
More than just business
Mar 26 2007 // Insuring child welfare organizations offers opportunities, rewards and good business After spending most of her childhood and adolescent years growing up in foster care agencies, Rhonda Sciortino, a California independent...
More than just business
Mar 26 2007 // After spending most of her childhood and adolescent years growing up in foster care agencies, Rhonda Sciortino, a California independent insurance agent, felt she had to give back in the best way she knew how. In 1989,...
Marsh Comments on UK’s ‘More Focused Business Management’
Mar 23 2007 // According to a bulletin from Marsh’s London office, “businesses in the UK’s financial services sector are moving away from a compliance led approach toward operational risk, adopting instead more focused...
RISK MANAGEMENT A HIGHER PRIORITY FOR GOVERNMENT ENTITIES
Mar 12 2007 // Fairfax, Va.-based Public Entity Risk Institute (PERI), a nonprofit risk management training and educational organization, says that risk management operations within government entities have gained a heightened importance...
Industry needs to leverage enterprise risk management, study says
Mar 12 2007 // Property/casualty insurance companies need to do a better job of implementing enterprise risk management, according to a recent study by Ernst and Young LLP. In its recent quarterly outlook addressing key trends and issues...
News Briefs
Mar 12 2007 // Risk management a higher priority for government entities Fairfax, Va.-based Public Entity Risk Institute (PERI), a nonprofit risk management training and educational organization, says that risk management operations...
