Latest Risk Management Headlines
All the headlines from our Risk Management Topic Page, ordered by recency.
A.M. Best Affirms Rating of Lloyd’s of London
Jul 18 2003 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of Lloyd’s of London. The outlook remains stable. The rating reflects Lloyd’s maintenance of an excellent business...
Old National to Acquire Fort Wayne Insurance Agency
Jul 11 2003 // Evansville, Ind.-based Old National Bancorp has entered into an agreement to acquire Insurance & Risk Management, a 160-employee insurance agency with offices in Fort Wayne and Indianapolis. Based in Fort Wayne,...
Royal & SunAlliance Enhances ARMS Risk Reporting Tool
Jul 3 2003 // Royal & SunAlliance USA, based in Charlotte, N.C., announced improvements to its Advanced Risk Management System, known as ARMS, which now features a series of enhancements that will enable clients to make business...
First Niagara Risk Management Acquires Two Rochester Agencies
Jul 3 2003 // First Niagara Risk Management, Inc., the wholly-owned insurance subsidiary of First Niagara Bank and its parent, First Niagara Financial Group, Inc., announced that it has reached agreements to acquire two Rochester-based...
Public Risk Managers Face Several Challenges in 2003
Jun 9 2003 // Public risk managers said that price, increased self-insured retentions and coverage were the biggest challenges they face over the next year, according to a survey conducted recently by Munich-American RiskPartners, a...
Industry Professionals Affirm RIMS Benchmark Survey Results
May 29 2003 // In a series of interviews conducted by Advisen, Ltd. since preliminary results of the RIMS Benchmark Survey were released last month, industry professionals report that the survey accurately reflects their current market...
Risk and Insurance Information Released to Businesses
May 27 2003 // The U.S. government raised its terror alert status to the second-highest level last week due to the renewed risk of attack in the United States. As a result, the warnings have raised the concerns of business owners and...
Price, Increased Self-Insured Retentions and Coverage, Top Challenges Facing Public Risk Managers
May 22 2003 //
Willis Launches New Cat Risk Modeling Service
May 19 2003 // Willis Re, the reinsurance division of global insurance broker Willis Group Holdings, announced the launch of Willis Concentrated Risk Locations (Willis Ctrl), which it described as “an exciting new risk modeling...
Woodruff-Sawyer Focuses on Delivering Results
May 19 2003 // In our continuing series on Agency Insights, we look at Woodruff-Sawyer, a brokerage specializing in a variety of services. A member of Assurex, the company is led by CEO, Stan Loar, Chairman of the Board, Doug Morton, and...
Panelists Say Greater Risk Control Measures, Tort Reform Will Improve Hospital Professional Liability Market
May 19 2003 // Dramatically higher premium increases and risk retention requirements have reportedly added financial pressures to an industry segment that is already strained. Facilities are going bare, self-insuring or reducing limits...
INSTEC Notes Deal With Compensation Risk Managers
May 16 2003 // Commercial P/C software provider, INSTEC, announced an agreement with Compensation Risk Managers, LLC. (CRM) for the implementation of the QuickSolver® Workers’ Compensation policy rating and administration...
Risk Manager Don’t See Increased Risk from War with Iraq
Apr 21 2003 // An overwhelming 84 percent of professional risk managers think risks to their organizations’ operations have not increased at all or have increased only slightly since the start of the U.S. war with Iraq last month,...
ABD Introduces Latest CyberSure Advancements
Apr 11 2003 // CyberSure.com, the insurance, risk management and employee benefits Web site of Redwood City, Calif.-based ABD Insurance and Financial Services, has taken enhanced online customer service and interactive resources to a new...
Despite Market Turmoil, Co’s Still Buying D&0 Says Allianz
Apr 11 2003 // Although capacity for directors and officers’ liability insurance has contracted significantly and prices have soared in the past two years, the vast majority of professional risk managers say they are obtaining...
Risk Managers Don’t See Increased Risk from War With Iraq
Apr 9 2003 // An overwhelming 84 percent of professional risk managers think risks to their organizations’ operations have not increased at all or have increased only slightly since the start of the U.S. war with Iraq, according...
D’Orsi Joins Millennium Corporate Solutions
Apr 9 2003 // Millennium Corporate Solutions (MCS), announced that Frank D’Orsi as vice president – risk control. D’Orsi will spearhead this previously outsourced department internally. In the past MCS contracted its...
Chubb Survey Says Loss Control Spending Increases 17 Percent
Apr 8 2003 // In an apparent move to drive down the cost of risk, risk managers are spending an average 17 percent more on loss control services while their organizations confront budgetary constraints and the difficult economic...
ACE Risk Management to Unveil New Web Site at RIMS
Apr 4 2003 // A new Web site, designed specifically with the needs of risk management clients in mind, will be unveiled by ACE Risk Management (ARM) at this year’s annual Risk and Insurance Management Society, Inc.’s...
ACE-USA ESIS Unit Launches International Safety Academy
Mar 17 2003 // ESIS, Inc., the risk management services arm of ACE USA, and Syntrio, Inc., a provider of complete online training solutions, announced the launch of the “International Safety Academy (ISA) e-Learning, a web-based...
