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. 52, No. 7, July

A Strategic Approach to Loss Prevention Engineering
An organization's facilities may be subjected to an array of natural, operational, or man-made hazards over their lifetime, often resulting in direct and indirect losses. Objectives for mitigating these losses need to be balanced with the sometimes...
A Toxic Verdict
In the latest chapter of the 50-year saga of the Stringfellow Acid Pits, a jury has decided in favor of the State of California in its coverage dispute against a host of insurance companies over cleanup costs of the infamous hazardous waste site. ...
Coping with Catastrophe: The First 24 Hours
Plant fires. Explosions. Workplace fatalities or serious injuries. Episodes of employee violence. One only has to read the newspapers, browse the web, or watch the news to appreciate what can happen to a business if it does not have trained personnel...
Datebook
departments15th World Conference on Disaster ManagementJuly 10-13; TorontoWith more than 70 sessions to choose from over the course of this four-day event hosted by the Canadian Centre for Emergency Preparedness will focus on "The Changing Face of Disaster...
Do Catastrophe Models Mislead?
We all recognize the large and increasing potential for truly high-stakes risks to disrupt our world. And while this potential lies mostly beneath the observable surface of day-to-day risk, it occasionally demonstrates its terrible potential. Hurricanes,...
Easy Being Green
It was 1962 when the first excerpts from Rachel Carson's environmental opus Silent Spring reached the world through the pages of the New Yorker, condemning the harmful pesticides that had become an agricultural staple since World War II. Though incredibly...
Emerging International Issues for Environmental Liability
Over the past decade, environmental insurance coverage has become a major focus for many sophisticated, U.S.-based risk managers. The greater awareness of environmental coverage largely stems from the enormous financial liabilities that CERCLA, or...
Emerging International Issues: For Environmental Liability
Over the past decade, environmental insurance coverage has become a major focus for many sophisticated, U.S.-based risk managers. The greater awareness of environmental coverage largely stems from the enormous financial liabilities that CERCLA, or "Superfund"...
Estimating Environmental Liabilities: One Price Does Not Fit All
Forecasting expected losses is a critical function of any position in which risk management professionals may be called upon to predict environmental liabilities in a number of different situations. These can range from establishing accounting reserves...
Examining the Risk Management Environment
Half of the risk managers who responded to a recent survey believe that the insurance market is softening and that premium rates will reach their lowest point in 2007 and 2008. Property and casualty rates are anticipated to drop more significantly than...
Get a Grip
For years, company officials in many industries have complained that there is no truly safe and efficient way to handle compressed gas cylinders. The threat of dropping or breaking the seal on a highly pressurized and potentially hazardous chemical...
Get a Grip
For years, company officials in many industries have complained that there is no truly safe and efficient way to handle compressed gas cylinders. The threat of dropping or breaking the seal on a highly pressurized and potentially hazardous chemical speaks...
Going Global with Wholly Owned Networks
Establishing widespread international operations elevates any company's insurance and risk management strategy to a more complex and expansive level, subject to multi-country legislation, practice and corporate risk philosophy. When reviewing potential...
Methods & Elements of a Solid Risk Management Strategy
Establishing a risk management strategy is not easy. The process demands companywide collaboration, goal alignment, evaluation of identified exposures, development of a plan to deal with those exposures and a commitment to continual improvement. Before...
Surf's (Way) Up
In what must have seemed like a scene out of a nautical disaster movie, unsuspecting cruise line passengers returning from the Bahamas recently aboard the Norwegian Dawn were jolted by a monstrous seven-story wave that slammed into the ship, broke...
The Electronic Newsstand
Never before has it been so difficult for risk managers to stay abreast of the current events most pertinent to them. The never-ending regulatory blitz coming from Eliot Spitzer's office, news briefs on major court cases and legislation, and alerts...
The Four-Finger Discount
When Anna Ayala pulled her "finger in the chili" hoax on Wendy's, she probably figured she would get something for free. What she probably didn't expect was a state-paid vacation at her local Gray Bar Hotel. Still, this reminds me of some of the other...
Trading Green for Green
For decades, free trade enthusiasts in the Americas have set their sights on the utopian vision of a hemispheric trade zone extending from Alaska to Argentina. Unfortunately, protectionism, political instability and social unrest have prevented this...
Welcome to Easter Island
Over a millennium ago, Polynesian colonists landed on Rapa Nui (more commonly referred to as Easter Island), a tiny and isolated volcanic island some 2,300 miles off the coast of Chile. The civilization that developed is one of the most interesting...

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