Latest Risk Management Headlines

Risk models show industry burden under TRIA

Feb 6 2006 // The extension of the federal Terrorism Risk Insurance Act represents solvency protection in extreme events but is not an industry subsidy, according to risk modeling experts at Risk Management Solutions and AIR Worldwide...

Risk models show industry burden under TRIA

Feb 6 2006 // The extension of the federal Terrorism Risk Insurance Act represents solvency protection in extreme events but is not an industry subsidy, according to risk modeling experts at Risk Management Solutions and AIR Worldwide...

What happens when the excess carrier goes under

Feb 6 2006 // Analysis of one typical large company’s 65 years of excess casualty programs turns up disturbing news. More than half of the 49 carriers that participated on this corporation’s excess programs are now insolvent...

Spitzer probe brought bad practices to light, panel says

Feb 5 2006 // That the investigation of New York Attorney General Eliot Spitzer into compensation practices of the nation’s insurance brokers and carriers brought to light the unethical behavior of some bad industry apples was a...

SPECIAL REPORT: Commercial Umbrella

Feb 5 2006 // Insolvencies have left numerous corporations with uncollectible excess casualty claims and no recourse but to pay these large claims out of company coffers. What happens when the excess carrier goes under To avoid high...

Rodolakis Signs Agreement With Beecher Carlson

Jan 31 2006 // Atlanta-based Beecher Carlson, an insurance brokerage and risk management consulting company, has announced it has entered into a strategic business relationship with Tony Rodolakis, a risk management veteran with...

University of Iowa Offers New Classes in Risk Management and Insurance

Jan 30 2006 // The University of Iowa announced that it is now offering a Certificate in Risk Management and Insurance (RMI) through the Emmett J. Vaughan Institute of Risk Management and Insurance, in the Henry B. Tippie College of...

Lexington Enhances Online Risk Management Tools for Employers

Jan 30 2006 // Lexington Insurance Company, a member company of American International Group Inc. has expanded its online training capabilities at: www.lexeplhelp.com for customers carrying employment practices liability (EPL) insurance....

People

Jan 22 2006 // Michael J. Roche, senior vice president of Protection Technology and Administration for Allstate Insurance Company, recently was named to IDG’s Computerworld Premier 100 IT Leaders Award Program. Roche was selected...

AIR Worldwide Opens Munich Office

Jan 20 2006 // AIR Worldwide Corp. announced the opening of AIR Worldwide GmbH in Munich, Germany, “to meet the needs of its expanding client base in the region.” Yoern Tatge will head the new office. AIR noted: “Europe...

FERMA Risk Managers Respond to Avian Flu Threat

Jan 16 2006 // The Federation of European Risk Management Associations (FERMA) has issued a timely bulletin on the multiple risks society faces from the threat posed by the avian flu virus H5N1. “A massive outbreak of avian flu...

Beecher Carlson Boosts Northeast Profile, Adding 12 in Boston

Jan 12 2006 // Insurance broker and risk management consultant Beecher Carlson has significantly expanded its presence in the northeast region with the recent addition of 12 industry professionals in its Boston office. Beecher Carlson...

RMS: New TRIA Structure Shifts Risk Burden to Insurance Industry

Jan 4 2006 // Newark, Calif.-based Risk Management Solutions (RMS) recently assessed the risk of terrorism and quantified how the terms of the December 2005 renewal of the Terrorism Risk Insurance Act (TRIA) would shift the relative...

Risk management strategies before, during and after construction

Jan 2 2006 // The construction-defect wave of the past decade has demonstrated that a comprehensive litigation risk management program must address a project’s needs at pre-construction, during construction and at...

The industry goes to school

Jan 2 2006 // More universities that offer insurance degrees In this second installment in a series, Insurance Journal profiled five universities that offer undergraduate and graduate degrees in insurance. More universities will be...

California residential construction efforts reduce risk of defect litigation

Jan 2 2006 // Builders and trade contractors vie to bring carriers back to the Golden State. During the past few years, builders and trade contractors in California have endured triple-digit rate increases and an exodus of insurance...

The industry goes to school

Jan 1 2006 // In this second installment in a series, Insurance Journal profiled five universities that offer undergraduate and graduate degrees in insurance. More universities will be featured in future editions. Baylor...

California residential construction efforts reduce risk of defect litigation

Jan 1 2006 // Builders and trade contractors vie to bring carriers back to the Golden State. During the past few years, builders and trade contractors in California have endured triple-digit rate increases and an exodus of insurance...

Jan 1 2006 // Jordan B. Lotsoff recently joined Integro as principal in the Casualty Practice Group in the Chicago office. Lotsoff, with more than 15 years experience in commercial insurance, will be responsible for complex casualty...

Restaurants put risk management on the menu

Jan 1 2006 // The restaurant marketplace is becoming more complex than ever with food safety, marketing dominance by the chains and globalization on the minds of owners. Also, frivolous lawsuits against restaurants abound, so it...