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. 8, October

15 Tips to Manage Social Media Risks
Social networking presents many opportunities for companies that use it properly. But those that don't may face reputation damage, defamation cases and intellectual property lawsuits. So, armed with the following tips, try a little role-play. Pretend...
8 Keys to Claims Tech Success
As their role expands, today's risk managers are facing greater challenges than ever before. But one constant remains: the importance of getting claims paid--and paid quickly without any hassle. This sometimes-frustrating process can be simplified,...
A Broader View of Risk: If Risk Management Wants to Predict the Next Major Risk, the First Step Must Be a Step Back
[ILLUSTRATION OMITTED] Flash back to the dot-com bubble burst in March 2000. Interest rates outpaced the economy and a technology-heavy stock market reacted strongly to an expected ruling in the Microsoft monopoly hearings. The estimated five million...
Bedbugs Bite the Big Apple
New York is no stranger to invasions by unwanted creatures. Throughout the years, King Kong, the Stay Puft Marshmallow Man and the Cloverfield monster have all wreaked havoc on the City That Never Sleeps. The latest threat to take Manhattan, however,...
Catastrophes in the Corn Belt
It has been a tough year for Iowa. The Hawkeye State has battled record-setting snowstorms, massive flooding, numerous tornados and. most recently, the largest egg recall in history. Back in February, President Barack Obama declared Iowa a major disaster...
Cyberwarfare: WWIII or Exaggeration?
[ILLUSTRATION OMITTED] In a traditional sense, there are four domains of war: land, sea, air and space. However, some now believe there is a fifth domain--cyberspace. Imagine you are midflight on an excursion across the country when every plane...
Disaster Psychology
Costly natural disasters have destroyed cities, towns and villages across the continent and beyond throughout 2010. And though Mother Nature will never cease unleashing her random fury, it seems that human psychology prevents society from appreciating...
Employee Monitoring and Pre-Employment Screening
If an employer is going to monitor the online activities of its employees, it must strike a careful balance to avoid violating privacy rights. Although companies may think they are protected by policies stating that all activities conducted on company...
IBM's Delicate Social Media Balancing Act
Since its humble beginnings in 1986 as the Tabulating Machine Company, IBM has been an innovator. So it should come as no surprise that the company that invented much of the technology that spurred a social media revolution would be among the first...
Legal Liability for Published Content
Companies that publish content on the internet should view themselves as just that--publishers. Just as a newspaper is responsible for its reporters, employers may be liable for content published by their employees. They are subject to the same liability...
Making Risk Assessments Useful: When Uncertainty Abounds, IT Security Must Adopt a Controls-Based Approach
[ILLUSTRATION OMITTED] IN his award-winning 1921 dissertation, economist Frank Knight made an important distinction between risk and uncertainty. According to Knight, "risk" refers to a situation in which the probability of an outcome can be determined....
Online, You Are Your Reputation
It's not usual for companies to generate more demand for their products than they can handle. But when that company was AT&T, which has struggled to meet bandwidth demand of its ever-expanding iPhone customer base, the company got a lesson in how...
Pension Fraud Frenzy
Maybe it is the recent financial crisis that has regulators keeping a closer eye on the management of employee pension funds. Or maybe more fraudsters are turning to employee pensions as a means to pocket money in tough times. Whatever the cause, reported...
Snake's Last Stand
Guam has a snake problem--brown tree snakes to be specific. Accidently brought to the island in the 1950s as a cargo ship stowaway, the brown tree snake population exploded when it found abundant prey and no natural predators. The snakes proceeded...
The Coral Cryobank
Across the globe, coral is disappearing. This is disturbing not just because coral reefs provide diverse ecosystems that are home to some 25% of all marine species, but because they also offer a natural, coastal barrier to storm surge from hurricanes...
The Top 5 Ways for Insurance Companies to Use Social Media
Almost all companies can derive some benefits from social media. And insurance companies may be near the front of the pack, though many are still making little headway, even in 2010. Ultimately, insurance is a business of trust and interpersonal relationships....