Risk Management

Founded in January of 1954, Risk Management is a monthly magazine that features news and industry analysis for corporate risk managers. The magazine has a circulation of 16,000 readers and is published by the Risk and Insurance Management Society Inc. Morgan O'Rourke is Editor-in-Chief. Jared Wade is Editor. Bill Coffin is Publisher/Editorial Director.

Articles from Vol. 49, No. 2, February

2002 Legislative Forecasts
Attempting to forecast the coming legislative session during a normal year is difficult at best. Add to that the final months of 2001, which were anything but normal, and the task becomes close to impossible. Legislation that was arduously nurtured through...
Banking Focus the New Basel Accord
Over the course of the late seventies and early eighties, as the international financial system became more and more integrated, big banks faced a big problem: regulations--particularly concerning capital requirements--were different for banks in different...
Banking Focus: The New Basel Accord
Over the course of the late seventies and early eighties, as the international financial system became more and more integrated, big banks faced a big problem: regulations-particularly concerning capital requirements-were different for banks in different...
Business Interruption Insurance. (Re-Examining)
This is the first of three articles that will address business interruption (BI) insurance as part of the Crisis Management Series. In this installment, the authors examine the evolution of today's BI insurance terms and conditions; the three classes...
Communication Evolution
Executive Forum departments Over the years, we risk managers have seen many changes in our relationships with our service providers. A conversation I had with an insurance adjuster in 1986 remains forever etched in my memory, It is a perfect example...
Communication Evolution. (Executive Forum)
Over the years, we risk managers have seen many changes in our relationships with our service providers. A conversation I had with an insurance adjuster in 1986 remains forever etched in my memory. It is a perfect example of just how far things have...
Datebook
RIMS Educational Seminars FEBRUARY 4 - 6 DALLAS FUNDAMENTALS OF INSURANCE This course covers the basics of commercial insurance ranging from the essential elements of the insurance transaction to commercial liability insurance contracts. This...
Definition of Single Loss in Environmental Claims under Treaty Reinsurance
Risk Reporter departments In an unprecedented case law decision, New York's Court of Appeals has held that many environmental claims from a single insured at different sites do not constitute a single loss for purposes of excess of loss treaty reinsurance...
Definition of Single Loss in Environmental Claims under Treaty Reinsurance. (Risk Reporter)
In an unprecedented case law decision, New York's Court of Appeals has held that many environmental claims from a single insured at different sites do not constitute a single loss for purposes of excess of loss treaty reinsurance policies. In its October...
Gauging Success with Key Performance Indicators
Critical to a successful enterprise risk management program is a corporate leader who can determine if it is actually working. Simply identifying risks and allocating the resources to manage them is not enough. One way to ascertain success is by using...
Gauging Success with Key Performance Indicators. (Enterprising Solutions)
Critical to a successful enterprise risk management program is a corporate leader who can determine if it is actually working. Simply identifying risks and allocating the resources to manage them is not enough. One way to ascertain success is by...
How to Acknowledge People without Turning Them Off
End Analysis departments This project was my baby for over a year. After all the hours I invested, management had the nerve to pat me on the back and give me a cheap gold pen. How patronizing! I have news for them: I didn't do all that hard work for...
How to Acknowledge People without Turning Them off. (End Analysis)
"This project was my baby for over a year. After all the hours I invested, management had the nerve to pat me on the back and give me a cheap gold pen. How patronizing! I have news for them: I didn't do all that hard work for empty praise or a cheap...
Legislative Forecasts
United States Joanne Waldman Attempting to forecast the coming legislative session during a normal year is difficult at best. Add to that the final months of 2001, which were anything but normal, and the task becomes close to impossible. Legislation...
Measuring the Full Effects of Risk Financing Alternatives
In early November, Warren Buffet, CEO of Omaha, Nebraska-based Berkshire Hathaway, wrote to his shareholders about the company's third quarter results: "There are three basic rules in running an insurance company: 1. Only accept risks you are able to...
Measuring the Full Effects of Risk Financing Alternatives. (Risk Reporter)
In early November, Warren Buffet, CEO of Omaha, Nebraska-based Berkshire Hathaway, wrote to his shareholders about the company's third quarter results: "There are three basic rules in running an insurance company: 1. Only accept risks you are...
Mock Trial: Sexual Harassment and Age Discrimination
This is the mock trial of Peggy Peterson v. Discrimination Corporation, involving two counts-sexual harassment and employment discrimination. The dialogue opens just as the counsel begin their opening statements, and we follow the trial through the...
Product Liability: Minimizing Manufacturers' Exposure to Corporate Criminal Liability
Minimizing Manufacturers" Exposure to Corporate Criminal Liability Corporate responsibility is a growing topic of debate in courtrooms, and recent events are pushing U.S. legislators to establish laws that determine and govern corporate criminalization....
Product Liability: Minimizing Manufacturer's Exposure to Corporate Criminal Liability
Corporate responsibility is a growing topic of debate in courtrooms, and recent events are pushing U.S. legislators to establish laws that determine and govern corporate criminalization. (See sidebar, p. 32.) The manufacture and distribution of defective...
Product Liability: The Role of the Product Steward
Product liability case law and product liability cases have been around for at least half a century. Every manufacturer, distributor and retailer-along with every one of their lawyers--should see defect claims and suits coming, and yet compensatory...
Re-Examing Business Interruption Insurance
Business interruption (BI) insurance has been available for over a century. The earliest policies covered rental value, a notion tied to the physical destruction of real property. Use and occupancy insurance policies were introduced later to protect...