Latest Risk Management Headlines
All the headlines from our Risk Management Topic Page, ordered by recency.
NIAC Members from 1995-99 to Receive Monetary Rewards for Good Risk Management
May 17 2002 // The Nonprofits’ Insurance Alliance of California (NIAC) board of directors recently set aside $1,000,000 of NIAC’s surplus to be returned to members who were with NIAC during the years 1995 through 1999. The...
AIRProfiler, ClimateCast
May 13 2002 // Applied Insurance Research, Inc. (AIR), a catastrophe and weather risk modeling company, has assembled a suite of products developed to meet the needs of corporate risk managers. The products, capitalizing on AIR’s...
ABD Insurance, Syntrio Launch Training Solution
May 10 2002 // California-based ABD Insurance & Financial Services, Inc., a technology industry focused insurance brokerage and employee benefits consulting practice, and Syntrio, Inc., a provider of complete online training...
American Institute Revamps CPCU Program
May 1 2002 // The American Institute for CPCU has just announced major changes in its Chartered Property Casualty Underwriter (CPCUÒ) professional designation program. Starting in the summer of 2002, the CPCU program will Require...
Study Finds Companies Need to Prepare More for Property-Related Hazards
Apr 19 2002 // A study focusing on Fortune 1,000 chief financial officers (CFOs), treasurers and risk managers covering a broad range of industries reports more than 50 percent say their companies are not well-prepared to come back from...
John Kessock Jr. Resigns as President, Director of Mutual Risk Management
Apr 11 2002 // Mutual Risk Management, the troubled Bermuda-based holding company that owns the Legion Insurance Group, announced that John Kessock Jr. has resigned as President and a Director of the Company “in order to pursue...
AIR Unveils New Tools for Corporate Risk Management
Apr 10 2002 // Applied Insurance Research, Inc. (AIR), a catastrophe and weather risk modeling company, announced the assembly of a suite of products developed to meet the needs of corporate risk managers. The products, capitalizing on...
Aon Study Reports CFOs Looking to Reduce Financial Uncertainty
Mar 27 2002 // CFOs are looking for ways to maintain earnings stability and secure a competitive advantage in the uncertain economic market and are finding it in an unlikely place—risk management—according to final results of a...
American International Companies Unveils Program for Construction, Power Facilities
Mar 26 2002 // American International Group, Inc. (AIG) announced that the American International Companies has introduced AIG PowerBuild(SM), which provides a comprehensive package of insurance products and services designed for the...
S.D. Risk Manager to Lead PRIMA
Mar 14 2002 // The Public Risk Management Association (PRIMA) elected Tracy L. Dahl-Webb, a risk manager for the city of Brookings, S. D., as president of the association for 2002-2003. Dahl-Webb will take office in May at PRIMA’s...
Mutual Risk Management Notes Sale of Hemisphere Management Subsidiary
Mar 8 2002 // Mutual Risk Management Ltd. announced that it has signed a definitive agreement with The BISYS Group Inc. for the sale of its fund administration business, Hemisphere Management Ltd. Pursuant to the agreement the Company...
RMS Purchases Catalyst Catastrophe Risk Models from Benfield Blanch
Mar 7 2002 // Risk Management Solutions (RMS) has purchased the Catalyst® U.S. earthquake, hurricane, and tornado models and related software from Benfield Blanch Inc. RMS will incorporate elements of the models into its RiskLink®...
AON Survey Says CFOs Want Improvement in Strategic Risk Management
Feb 25 2002 // Aon recently presented preliminary findings of a survey that reveals most CFOs have concerns about whether their risk management strategies support their companies’ business objectives. Conducted by CFO Research...
Element Re Publishes Weather Risk Management Guide
Feb 22 2002 // Element Re Capital Products Inc., a division of XL Capital specializing in weather risk management products, has announced the international publication of “Weather Risk Management: Markets, products and...
RIMS to Hold 40th Annual Conference and Exhibition
Feb 22 2002 // Managing risk worldwide is the timely theme of the Risk and Insurance Management Society Inc.’s annual conference this year in New Orleans, La. The Sept. 11 terrorist attacks highlighted the increasingly important...
Farber Discusses Importance of Identifying and Minimizing E-Risk
Feb 4 2002 // Jon Farber, assistant vice president of Global Technology Underwriting for The St. Paul Companies, commented during a meeting of insurance professionals and risk managers at the Insuring E-Business Summit in San Francisco...
2002 RMS Client Conference to Focus on Technical Knowledge, Practical Insights for Use of CAT Models
Jan 16 2002 // Risk Management Solutions (RMS) announced that its annual Client Conference will be held March 11-14, in San Francisco, at the Westin St. Francis Hotel. The conference’s focus, shaped by direct feedback from RMS...
Goldman Insurance Services/Risk Management Purchased
Dec 18 2001 // Willis Group Holdings Limited, the global insurance broker, announced the acquisition of Goldman Insurance Services/Risk Management of San Francisco, Calif.. The transaction is expected to close Dec. 31. Goldman Insurance...
Cost of Risk Declines for Second Consecutive Year
Dec 10 2001 // For the second consecutive year, the overall cost of risk declined to the lowest point in over a decade, according to the newly released 2001 RIMS Benchmark Survey®. The 200-page survey, co-produced by the Risk and...
Are Your Files Defensible’ A Look at E&O Risks for Agents and Brokers
Nov 12 2001 // A short time ago, the Wall Street Journal ran an article on litigation, the caption of which read: “When all else fails, the American way is to file a lawsuit.” The article correctly pointed out that it has...
