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. 59, No. 3, April

12 Rims Annual Conference & Exhibition April 15-18 Philadelphia
This year RIMS celebrates its 50th Annual Conference & Exhibition. As a nod to this history, let's take a quick walk down memory lane.The First National Insurance Management Conference, sponsored by the American Society of Insurance Management, Inc....
A Conversation with Billy Beane
[ILLUSTRATION OMITTED] Billy Beane, general manager of Major League Baseball's Oakland Athletics and the subject of the best-selling book and Academy Award-nominated film Moneyball, will deliver the keynote address at Monday's General Session. Beane...
A Conversation with Walter Isaacson
[ILLUSTRATION OMITTED] Walter Issacson, author of the authorized biography Steve Jobs and president and CEO of the Aspen Institute, will address RIMS '12 attendees at Wednesday's Leadership Luncheon. Isaacson, who has also served as chairman and...
Bad Buzz for Bats
A few years ago, the scientific community began noticing that honey bees were disappearing from their hives at an alarming rate. This posed a potentially grave problem because bees are responsible for pollinating a wide range of fruits, vegetables,...
Celebrity Look-Alikes
When they make the movie of my life, my biggest concern will probably be who they cast to play me. Someone once told me I look like the guy who played Jesus in the 1970s TV movie Jesus of Nazareth, but that was probably more because of my long hair...
Creating a Data-Driven Culture
Empirical evidence shows that a data-driven culture can lead to better, faster decision making, greater customer insights, fewer mistakes and ultimately a competitive advantage. For example, through his "Moneyball" approach, Billy Beane instilled...
Food Fraud: It's What's for Dinner
[ILLUSTRATION OMITTED] That delicious wild salmon on your dinner plate, cooked in Italian extra virgin olive oil and served with a glass of French champagne is not only delicious, it is also expensive. But hey, you get what you pay for, right? Not...
How Supply Chain Resiliency Increases Your Market Share
In a study, professor Vinod Singhal of Georgia Institute of Technology compared the overall performance of 600 public U.S. companies that experienced supply chain disruptions between 1998 and 2007 with benchmark groups. The research, which was sponsored...
Learning from the Octopus: How Secrets from Nature Can Help Us Fight Terrorist Attacks, Natural Disasters, and Disease
LEARNING FROM THE OCTOPUS How Secrets from Nature Can Help Us Fight Terrorist Attacks, Natural Disasters, and Disease by Rare Sagarin [ILLUSTRATION OMITTED] Since 9/11, the concept of national security has changed. The United States has...
Nightmare SCENARIO
Economist, author and university lecturer Dylan Evans discusses why managing the risk of a nightmare scenario can be counterproductive in the following passage from his upcoming book "Risk Intelligence: How to Live with Uncertainty."There's something...
Nightmare Scenario: The Fallacy of Worst-Case Thinking: Economist, Author and University Lecturer Dylan Evans Discusses Why Managing the Risk of a Nightmare Scenario Can Be Counterproductive in the Following Passage from His Upcoming Book "Risk Intelligence: How to Live with Uncertainty."
There's something mesmerizing about apocalyptic scenarios. Like an alluring femme fatale, they exert an uncanny pull on the imagination. That is why what security expert Bruce Schneier calls "worst-case thinking" is so dangerous. It substitutes imagination...
RIMS Annual Conference & Exhibition: April 15-18: Philadelphia
[ILLUSTRATION OMITTED] This year RIMS celebrates its 50th Annual Conference & Exhibition. As a nod to this history, let's take a quick walk down memory lane. The First National Insurance Management Conference, sponsored by the American Society...
Risk Atlas: The Political Risks of Mining
The mining industry, particularly in emerging markets, is arguably the most susceptible sector to political risks due to its importance to host economies. Mining projects can represent significant percentages of GDP and, as a result, projects can become...
Risk Atlas: THE POLITICAL RISKS OF MINING
MONGOUAFollowing high copper and gold prices in 2006, the Mongolian government he passed a windfall profits tax. This was designed to allow the state to benefit from high prices, but instead set the stage for acrimonious negotiations with the Oyu Tolgo!...
RISK MANAGEMENT Makeover
Risk managers always complain that higher-ups ignore their expert advice. But the problem mig not be the executives you work for. It might be you. Before you bemoan your lot in life, take a look in the mirror and fix what you see.(ProQuest: ... denotes...
Risk Management Makeover: Risk Managers Always Complain That Higher-Ups Ignore Their Expert Advice. but the Problem Might Not Be the Executives You Work for. It Might Be You. before You Bemoan Your Lot in Life, Take a Look in the Mirror and Fix What You See
[ILLUSTRATION OMITTED] It's little wonder risk managers are accustomed to remaining behind the scenes. One need only look to Congress grilling Enron's former risk manager about his role or lack thereof--in the company's out-of-control corruption...
The Fall of a Lion
HOW PENN STATE'S RUINED REPUTATION CAN SERVE AS A LESSON TO OTHER ORCANIZATIONSThe sexual abuse allegations against former Pennsylvania State University assistant football coach Jerry Sandusky disgraced the reputation of one of the nation's most prestigious...
The Fall of a Lion: How Penn State's Ruined Reputation Can Serve as a Lesson to Other Organizations
[ILLUSTRATION OMITTED] The sexual abuse allegations against former Pennsylvania State University assistant football coach Jerry Sandusky disgraced the reputation of one of the nation's most prestigious public universities. The scandal led to the...
The Girl with the Riskiest Tattoo
[ILLUSTRATION OMITTED] During February's Academy Awards ceremony, The Girl with the Dragon Tattoo didn't fare too well. Despite five nominations, the David Fincher-directed film based on Stieg Larsson's best-selling novel of the same name took home...
The Supply Chain BALANCING ACT
The supply chain can become an unwieldy snarl of risks that can upend revenue and topple business operations. Can you rely on your global suppliers if a revolution, financial crisis or natural disaster occurs in another country?What is the backup plan?In...
The Supply Chain Balancing Act: The Supply Chain Can Become an Unwieldy Snarl of Risks That Can Upend Revenue and Topple Business Operations. Can You Rely on Your Global Suppliers If a Revolution, Financial Crisis or Natural Disaster Occurs in Another Country? What Is the Backup Plan?
[ILLUSTRATION OMITTED] In 2009, 137 workers were injured in a China-based Apple supplier location when they were exposed to poisonous chemicals used to clean iPhone screens. Over the next two years, two separate explosions at Apple iPad factories...
The Value of Reputation
In many ways, corporate reputation has become nearly as important as the bottom line. Companies with positive reputations attract more consumer and stockholder interest and frequently see their market share improve, while those on the other end of...
THE WIDE LENS: A New Strategy for Innovation
THE WIDE LENSA New Strategy for Innovationby Ron AdnerWhen it comes to innovation, common sense dictates that if you devefop a great product it will be successful. But history is Jittered with great products that never quite made it. from electric cars...