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. 40, No. 10, October

Catastrophe Derivatives: Insuring the Insurer against Catastrophic Losses
For the first time ever, major property/casualty underwriters have the tolls to manage and control their underwriting exposure to the vagaries of natural and man-made catastrophes. Insurers can effectively insure themselves by quickly and inexpensively...
Cleaning Up the World Trade Center
Located in the heart of New York City's financial district, The World Trade Center (WTC) is considered one of the premiere office locations in the city, with a complex of six buildings and one hotel covering a two city block area. Well over 90,000...
Determining Acceptable Risk Levels
An organization daily faces risks that can disrupt the continuity of its operations. It is generally accepted that the objective of risk management is to treat these risks in the most economical way. This is most often effectively achieved through...
Health Care Facilities Cope with New Environmental Risks
The well-publicized washing ashore of medical wastes along the beaches of New York, New Jersey and Delaware in the late 1980s marked the end of the age of environmental innocence for hospitals and other health care facilities. Since that time, health...
Liberty Mutual Studies Shed Light on Occupational Injury Costs
Occupational injuries are a severe drain on U.S. corporations, not only in terms of workers' compensation costs but also in terms of loss of human life. "According to the Bureau of Labor Statistics, in 1991 there were nearly 6 million injuries in private...
Managing Change in the UK Power Industry
Prior to the Thatcher administration, power generation, distribution and transmission in the United Kingdom were in state hands. Prices were set by the state and were typically driven by political considerations, with little regard for return on capital....
Managing Risk Where They Don't Play by Your Rules
What risk management strategy should one employ in a land where religious law forbids insurance but commercial law requires it? What should risk managers do in countries whose laws and customs, such as the payment of blood money, are based upon one's...
Planning for the Worst
Nature has not been kind to the insurance industry. The floods that beset the Midwest this summer are one disaster in a long chain of natural calamaties. The memories of Hurricane Andrew are not too distant. The damage was so colossal and the news...
Risk Retention Groups Face Regulatory Challenges
"The state and federal regulatory tug-of-war is creating an unstable and uncertain future for this alternative risk financing mechanism." With the advent of the 1981 Product Liability Risk Retention Act, and later with the Federal Liability Risk...
The Latest Trend in Toxic Torts
Claims due to alleged exposure to toxic substances in the workplace are a major cause of litigation for companies, said Mark R. Montgomery, Ph.D., professor of toxicology at the University of South Florida in Tampa at RIMS 1993 Florida Chapters 18th...
Toppling the Barriers to Trade in Insurance Services
Services are the largest growing sector of the U.S. economy. Passenger fares, royalties on American movies, banking, education, fees for managing complex construction projects, telecommunications, insurance and other services provide substantial income...