Latest Risk Management Headlines
All the headlines from our Risk Management Topic Page, ordered by recency.
News Currents
Jun 18 2007 // Risk managers take strong stand against contingent commissions RIMS issues new policy statement denouncing such incentive pay for all agents and brokers, whether Wall Street or Main Street The largest association of...
Dequae Re-Elected FERMA President; Poland, Finland Join Group
Jun 15 2007 // Marie-Gemma Dequae has been re-elected President of the Federation of European Risk Management Associations (FERMA) by its executive board members. She is Group Risk & Insurance Manager of Bekaert, a Belgian...
Risk Managers Wrong to Oppose Contingent Pay, Charge PIA Agents
Jun 13 2007 // The National Association of Professional Insurance Agents has criticized a statement issued by the Risk and Insurance Management Society (RIMS), saying the group’s position on incentive compensation undermines the...
EQECAT Provides Caribbean Cat Risk Assessment
Jun 12 2007 // Oakland, Calif.-based EQECAT, Inc., a subsidiary of ABSG Consulting, has provided the hurricane and earthquake risk assessment, and the design of the parametric insurance contracts for the formation and operation of the...
ACE Risk Management Appoints Capparelli as Senior VP Northeast
Jun 12 2007 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has appointed Lou Capparelli to the position of senior vice president, Northeast Region for ACE Risk Management (ARM). Based in Boston,...
ACE Report: Good Risk Management = Competitive Advantage
Jun 5 2007 // According to a report from the ACE European Group, released in London, “risk management is now seen as a key contributor to a company’s source of competitive advantage with companies putting risk managers under...
Gallagher leader says carriers’ and brokers’ service to risk managers today ‘stinks’
Jun 4 2007 // When it comes to the service carriers and brokers provide to today’s risk managers, the quality of that service “stinks,” according to J. Patrick Gallagher Jr., chairman, president and CEO of broker...
Risk Managers Take Strong Stand Against Contingent Commissions
May 30 2007 // The largest association of commercial insurance buyers has stepped-up its opposition to the acceptance of contingent compensation by any agent or broker, calling such compensation “an inherent conflict of...
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...
