Latest Risk Management Headlines
All the headlines from our Risk Management Topic Page, ordered by recency.
CoreLogic Adds Probabilistic Flood Model to Risk Management Program
Sep 25 2015 // CoreLogic, a residential property information, analytics and data-enabled services provider, has released an expanded version of its natural catastrophe risk management program, which features a probabilistic flood model...
ABA Insurance, BakerHostetler to Provide Cyber Risk Management Program for Banks
Sep 14 2015 // ABA Insurance Services (ABAIS) launched a new cyber insurance product for banks that are insured through ABAIS to help them prevent, prepare for, and respond to data security incidents. BakerHostetler’s privacy and...
University in West Virginia to Require Risk Management Training of Greek System
Sep 14 2015 // Marshall University is requiring its fraternity and sorority chapters to undergo training for risk management and party hosting after hundreds of students had to be dispersed by police last month. Marshall says in a news...
Glatfelter Launches Risk Management Tool for Long Term Care Facilities
Aug 27 2015 // Glatfelter Healthcare Practice, an insurance program serving senior living facilities, home health care and other private homecare agencies, and VorroHealth, a provider of clinical, AR/billing and interoperable technology...
Integro Acquires Entertainment Risk Management, London-Based MGA
Aug 26 2015 // The insurance brokerage and risk management firm Integro Ltd. has acquired Entertainment Risk Management Ltd. (ERM), a London-based managing general agent (MGA), to augment its international entertainment practice....
Survey of Global Executives Reveals Business Threat of Poor Risk Oversight
Aug 24 2015 // Businesses are putting themselves in danger by neglecting or avoiding formal risk management processes, according to a new study by the Enterprise Risk Management Initiative at North Carolina State University on behalf of...
S&P: ILS Investors Could Get Burned as Covered Perils Expand, Terms Widen
Aug 19 2015 // The catastrophe bond market will continue to grow by 10 to 20 percent per year, driven in part by the increase in covered perils and the broadening of event definitions, according to a report published by Standard &...
Hurricane Katrina and the Evolution of Risk Management
Aug 17 2015 // Nearly 10 years ago, wind and storm surges as a result of Hurricane Katrina caused $41 billion in insured losses and $108 billion in total economic losses in the United States. Many of the lawsuits filed as a result of the...
European Captives More Focused on Risk Mgmt., Investments: A.M. Best
Aug 14 2015 // A.M. Best has released a new study -“European Captives Increase Focus on Risk Management and Investments Ahead of Solvency II -” which concludes that “many European captives have embraced Solvency...
Risk Manager Fired by Nevada City Files Discrimination Complaint
Aug 13 2015 // Former risk manager Jack Campbell has filed a federal age and race discrimination complaint against the city of Reno. The Reno Gazette-Journal reported that the existence of the complaint filed in June and a previous...
Missouri-Based POWERS Insurance and Benefits Promotes Sullivan
Aug 11 2015 // Clayton, Mo.-based independent insurance agency POWERS Insurance and Benefits has promoted Chris Sullivan to risk management advisor. Sullivan specializes in commercial risk management consulting. He also handles new...
ACE Launches Website for Employers’ Liability Clients in UK & Ireland
Aug 10 2015 // ACE has launched ACE Risk Manager, a website designed for its employers’ liability (EL) clients in the UK and Ireland. Advice on the site is designed to help companies improve the management of health and safety...
ANV Launches EPLI Risk Management Hotline
Aug 10 2015 // ANV Global Services Inc., the North American managing general underwriter (MGU) segment of global speciality insurance group ANV, has launched a new risk management hotline for its employment practices liability insurance...
Willis Appoints Messer Regional Leader for Latin American Aviation
Jul 31 2015 // Willis Group Holdings announced the appointment of Thomas Messer as Regional Leader of aviation in Latin America with immediate effect. Messer joined Willis in 2002 and has served in a variety of roles within the aerospace...
Total Cost of Risk Dips a Bit: RIMS
Jul 30 2015 // In a relatively stable insurance market, businesses paid nearly one percent less in 2014 than they did in 2013 to cover the total cost of risk (TCOR) after three consecutive years of increases, according to the 2015 RIMS...
Insurers Warned to ‘Think Before You Snap’ as Florida Drone Privacy Law Takes Flight
Jul 29 2015 // The new Florida drone privacy law could have some unintended consequences for insurers looking to use or insure unmanned aircraft systems (UAM) technology. The Freedom from Unwarranted Surveillance Act (FUSA), which took...
AIG Launches Risk Management Service for Builders of Luxury Homes
Jul 16 2015 // AIG Private Client Group, a division of American International Group, Inc., has introduced a risk management and mitigation service for residential construction projects with budgets of $5 million or more. As part of its...
Bank of England to Rule on Risk Models as Insurers Prepare for Solvency II
Jul 10 2015 // The Bank of England will issue its verdict in December on the models insurance companies use to quantify risk and determine capital requirements as the industry prepares for the new European Union rules known as Solvency...
Technology, Supply Chain & Regulation Top ACE Europe’s List of EMEA Risks
Jul 7 2015 // A list, compiled by the ACE European Group, sets out the “new wave of interrelated, fast-changing risks, reflecting rapid changes in the global economic landscape and the increasing role of technology and...
Business Income: Why Worksheets Alone Don’t Work
Jul 6 2015 // Predicting the impact of a catastrophic event on an organization’s future income or profit is an exhaustive risk management exercise when done correctly. Typically chief financial officers, risk managers and...
