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. 57, No. 5, June

A Conversation with Lord Levene
Lord Peter Levene has been the chairman of Lloyd's of London since 2002. During his time as the head of the world's oldest insurance market, he has seen all manner of catastrophic events from natural disasters to financial upheaval, giving him a unique...
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A Neutral Corner
Three years ago, it was discovered that cable and internet service provider Comcast, in an apparent effort to stem rampant online piracy and perhaps curry favor with lawsuit-prone media groups like the Recording Industry Association of America (RIAA)...
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Cheapest Cities for Doing Business
Each year, KPMG conducts its exhaustive "Competitive Alternates" study to determine the most cost-effective places to do business. Globally, the United States is a more expensive nation to conduct business in than all of the countries included aside...
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Disaster Cleanup in Aisle 2: Emergency Preparedness in the Retail Environment
While retailers are uniquely positioned to assist communities, they also have to attend to their own risk management concerns. Preparedness can be difficult because retailers need to strike a balance between serving their customers and protecting their...
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Examining the Model Audit Rule
On New Year's Day, many insurance companies found themselves face-to-face with a new challenge: the revised Model Audit Rule (MAR). Officially known as the Annual Financial Reporting Model Regulation, MAR now requires nonpublic insurers to comply with...
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Help Wanted
"Optimistic about future hiring," is not a phrase that has been uttered by many industries, including insurance, since the recession began in late 2007. And considering the Bureau of Labor Statistics (BLS) stated that the insurance industry lost a...
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Military Intelligence
June 6 marks the 66th anniversary of the invasion of Normandy, that moment on June 6, 1944, when the Allies launched the largest amphibious battle in history and began the final push to overturn Nazi tyranny. The logistics, planning and sheer level...
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Reforming Post-Crisis Risk Management
There were 88 banking crises over the last 40 years, according to the International Monetary Fund. Given this, the challenge of managing risk within the financial industry has proven to be a monumental task. So what can the financial services industry...
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Retail to the Rescue
[ILLUSTRATION OMITTED] How Retailers Can Help During a Crisis In the aftermath of a natural disaster, communities typically rely on government agencies, the military and local law enforcement to restore safety and stability. Recent disasters...
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Tech Savvy: Understanding It Risks: With Tech Threats on the Rise, Ignorance about IT Security Is No Longer an Option. What You Don't Know Can Spell Disaster
UNDERSTANDING IT RISKS It is unlikely that there is anyone in your organization that you have a harder time relating to than the IT staff. Computer programmers, database administrators and network engineers are as foreign to most risk managers as...
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The Dangerous Driver Dilemma
[ILLUSTRATION OMITTED] The aftermath of a vehicle collision that causes injuries, property damage or even death is the wrong time for a company to discover that the employee who caused the crash has a long history of traffic violations. The result...
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The End of the Free Market: Who Wins the War between States and Corporations?
THE END OF THE FREE MARKET: Who Wins the War Between States and Corporations? by Ian Bremmer Beginning in the late 1970s, UK and U.S. economies entered a period of increasing privatization and deregulation. In time, these Margaret Thatcher- and...
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The Volatility of Raw Materials Market
[ILLUSTRATION OMITTED] Over the past few years, highly unstable prices in commodities markets have put financial pressure on many producers. Between 2003 and 2008, prices for many of the raw materials used for making industrial products (such as...
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Tylenol's Headache
[ILLUSTRATION OMITTED] Back in 1982, seven people died after taking Tylenol that had been poisoned with cyanide. Parent company Johnson & Johnson's speedy response and skillful handling of the subsequent scare would become the standard for successful...
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Vehicle Telematics
[ILLUSTRATION OMITTED] RISK MANAGEMENT AT EVERY TURN As technology has advanced over recent years, vehicle telematics has evolved from an expensive track-and-trace system to a sophisticated, affordable way to manage vehicle fleets, Developments...
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