Latest Risk Management Headlines

E&O Alert: Has Your Agency Outgrown Its Policies and Procedures?

Nov 6 2005 // If your agency has grown over the years, then you’ve probably gone through many changes. Do the following scenarios sound familiar? The organizational structure, policies and procedures that were in place when your...

One Year After Spitzer, Brokers and Risk Managers Report Shifting Roles

Nov 3 2005 // A year after the contingent commission scandal rocked the commercial insurance industry, new research from Advisen Ltd. has found significant shifts in the relationship between commercial insurance buyers and their brokers...

Sloan Joins USI Southwest as Sr. VP

Nov 1 2005 // USI Holdings Corporation announced the appointment of Daniel P. Sloan as senior vice president and managing director – USI Southwest, Houston, Risk Management Division. Sloan joins USI with over 18 years of risk...

Chubb Adds Risk Management Services for Affluent Clientele

Oct 28 2005 // The Chubb Group of Insurance Companies has launched complimentary luxury risk mitigation services for its high-net-worth and family office customers. Designed to help protect and enhance the affluent lifestyle, these...

Physicians Insurance Names Vice President of Risk Management

Oct 24 2005 // Physicians Insurance A Mutual Company has announced that Robert Nickles has been named vice president of Risk Management. Thomas Kirchmeier, a company employee since 1985, will be retiring from the position in November....

RIMS Benchmark Survey Reports Major Downturn in Commercial Rates

Oct 20 2005 // Commercial insurance premiums took a sharp downward turn in the third quarter, according to the RIMS Benchmark Survey, an industry survey of current policy renewal prices as reported by corporate risk managers. But some...

AIG Risk Management Unveils New Program for Temp Staffing Industry

Oct 19 2005 // AIG Risk Management (AIGRM), a member of American International Group, Inc. (AIG), has launched a new suite of insurance coverages and risk management services designed to meet the unique needs of the temporary staffing...

Fitch Utilizing AIR Worldwide’s CAT Models for Industry Capital Analysis

Oct 17 2005 // To help assess the capital adequacy and financial strength of insurance companies in North America and Europe, Fitch Ratings now utilizes AIR Worldwide’s (AIR) catastrophe risk management systems to assist in...

RMS Creates Online Terrorism and Security Risk Manager

Oct 12 2005 // Risk Management Solutions (RMS), Newark, Calif., has announced the launch of a Terrorism and Security Risk Manager online service, a new information source for insurers writing global terrorism risk. The service is...

Lloyd’s Report Says Global Businesses Fail to Identify, Manage Emerging Risks

Oct 5 2005 // Despite spending more time on risk management, board directors at global businesses are failing to identify and manage emerging risks effectively, according to a new research report published by...

Symposium on the Future of Terrorism Risk Insurance Kicks Off, Oct. 7

Oct 5 2005 // In the wake of Hurricanes Katrina and Rita, leaders from the public and private sectors from throughout the nation will take part in the National Symposium on Terrorism Risk Insurance in the Cannon House Office Building on...

Oct 3 2005 // Seattle-based Physicians Insurance A Mutual Company has announced that Leslie Mallonee has been named senior vice president and chief information officer. Mallonee’s history in information technology includes his...

The artisan contractors market on the rise

Oct 3 2005 // As the United States’ total population creeps up on the 300 million mark, no one can call the residential construction industry a dying breed. The continuous need for housing is apparent in the nation’s fastest...

CaseRev, Inc. Announces Pilot Program with Crawford & Company

Sep 28 2005 // Internet Based Litigation Management Application Will Allow Enforcement of Client Specific Litigation Handling Guidelines, Collection of Data and Performance Analysis San Diego, CA, September 1, 2005 – CaseRev, Inc....

Pa. Hospital Risk Manager Says Malpractice Documents Were Altered

Sep 28 2005 // The chief executive officer and another top official of a city hospital knowingly gave dozens of altered documents to plaintiffs’ attorneys in a medical malpractice case, according to recent testimony in a...

Despite Drop in Workplace Injuries, Financial Impact Remains Significant

Sep 20 2005 // While risk managers, safety directors and senior financial executives cut the number of the most serious workplace injuries, those accidents continue to hit the bottom-line of employers hard, according to two Liberty...

Pierson Appointed at AGA

Sep 20 2005 // Affinity Group Administrators announced the appointment of Phil Pierson to its Southern California operations. Based in Folsom, Affinity’s growth has caused the need to establish a greater Southern California...

Best Takes Various Rating Actions in Wake of Katrina

Sep 15 2005 // Due to the evolving effects of Hurricane Katrina, A.M. Best Co. has been aggregating public and private information in order to assess the financial impact it will have on insurers. A.M. Best expects all rated companies...

Gold Seal Unveils Full Product Line at Big ‘I’ Convention

Sep 10 2005 // Gold Seal Risk Management Limited, a risk management and best practices firm serving insurance agents and brokers, is introducing its full line of services for the U.S. and Canadian market at the Big “I”...

Mahoney Heads Risk Control at Professional Underwriters

Sep 7 2005 // Dan Mahoney has joined Professional Underwriters of Exton, Pa. as vice president for risk control and will head the risk control department. For 25 years, Mahoney has provided health, safety and industrial hygiene services...