RIMS News

RIMS Approved as Accredited Standards Organization

The Risk and Insurance Management Society, RIMS, said it has been approved as an accredited standards development organization by the American National Standards Institute (ANSI) Executive Standards Council. This status will enable the group to take a lead role in …

As More Workers Go Mobile, Workers’ Compensation Exposure Grows

Employers who supply their employees with company cell phones, laptops, BlackBerries, iPads and other portable devices could be in for a surprise if an employee is injured while using the device when off-site or off the clock. Insurance claims professionals …

P/C Insurers Cautious About Adopting New RMS Hurricane Model

Property/casualty insurers appear to be in no rush to adopt a controversial revised catastrophe model that dramatically raises certain estimates of potential hurricane losses in the country. California-based modeling firm RMS released its revised hurricane model, version 11, in February. …

RIMS, Chartis Launch Hall of Fame for Risk Managers

The Risk and Insurance Management Society (RIMS) and global insurer Chartis have announced the formation of the Risk Management Hall of Fame to honor those who have made significant contributions to advancing the risk management discipline. New members to the …

Risk Managers Like, Don’t Like, Obama Budget Reinsurance Proposals

Risk managers have found things to like, and not like, in President Barack Obama’s budget proposal for the 2012 fiscal year. The Risk and Insurance Management Society (RIMS) expressed its continued opposition to a proposal in Obama’s blueprint that caps …

Think Soft Market Is Over? Think Again

Average renewal premiums for commercial lines property/ casualty insurance were largely unchanged during the fourth quarter of 2010 and that may remain the case for awhile. According to the RIMS Benchmark Survey, directors and officers liability (D&O) was the only …