RIMS News

Risk Managers: Loss of TRIA Would Limit, Possibly End, Terrorism Coverage

A majority of risk professionals believe expiration of the federal terrorism reinsurance program would result in a decrease of affordable terrorism coverage or, even, the total elimination of the coverage, according to a poll by the Risk and Insurance Management …

RIMS Wraps Up In Los Angeles, CRO Pay on Rise

It appears the chief risk faced by those in charge of risk programs are sky high taxes. According to a survey by the Risk and Insurance Management Society, which wrapped up a four-day conference in Los Angeles with an announcement …

Terrorism Risk, Flood Insurance and Green Building Hot Topics for Risk Managers: RIMS

Renewal of the Terrorism and Risk Insurance Act (TRIA) was a much talked about topic at the annual Risk and Insurance Management Society conference on Tuesday, a four-day conference in Los Angeles, Calif., that includes panels focused on a variety …

RIMS in Southern California Touts Risks

Risk managers will play a greater role in strategic planning in the near future, according to a report issued on Monday. That was among the plethora of risk related information delivered at the annual Risk and Insurance Management Society conference …

‘Big One’ Looms in Minds of Experts Before California ShakeOut

A day before more than 9 million people in California took part in a massive nationwide earthquake drill on Thursday, U.S. Geological Survey seismologist Lucy Jones stood in a room full of risk professionals in the San Fernando Valley and …

Current Market Not Yet a ‘Classic’ Hard Market: P/C Executives

The current property/casualty market is not a “classic” hard market, yet anyway. While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a traditional hard market are not in place, according to property/casualty brokerage …

Risk Managers, Senior Executives Don’t See Eye-to-Eye on Risk Management

Although risk managers are taking on more strategic roles in their organizations, a disconnect still exists in many organizations between how risk managers and senior leaders view the role of risk management, according to a survey published by Marsh and …

RIMS Honors Accordino, Lassaw, Berman, Collins, Chan and Marren

A group of risk management and insurance professionals have been honored with industry awards from the Risk and Insurance Management Society (RIMS). RIMS’ most prestigious honor, the Harry and Dorothy Goodell Award, was presented to Margaret S. Accordino, vice president-director …

San Francisco Public Utilities Commission’s Luthi Named 2012 President Of RIMS

RIMS (the Risk and Insurance Management Society Inc.) on Tuesday announced that Deborah M. Luthi will lead the society as president for the 2012 term, effective January 1. Luthi is the enterprise risk manager for the San Francisco Public Utilities …

RIMS Tells Treasury: Industry Needs More Uniform, National Regulations

A major group for risk management professionals sent a letter to the U.S. Treasury Department, asking for a bigger federal role in regulating insurance. The Risk and Insurance Management Society sent its letter to Michael McRaith, director of U.S. Treasury’s …