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. 53, No. 11, November

All the Pieces Matter: The State of the Workers Comp Market
If buyers and sellers of workers compensation insurance in the United States take most of the recent commentary about the industry at face value, they most likely believe there is a widespread softening of the market that is either already affecting...
Auditing Your Mature Captive
For a variety of reasons, many companies that formed single-parent captives over the years have somehow lost touch with why they ever formed them in the first place. Employee turnover, mergers and acquisitions, or internal reorganizations can render...
Boiling Frogs
As I write this, I am sick as a dog. About two weeks ago, I picked up a pernicious virus that has since reduced me to a shambling wreck of a man. As bad as this thing is, I do have two points of solace. The first is that eventually, my suffering will...
Datebook
RIMS Palm Beach County Chapter "Insurance Day" November 1; West Palm Beach, FL At its 2nd Annual "I-Day," RIMS Palm Beach will include featured lectures by both keynote speaker Paul Winston of Business Insurance on the current state of the insurance...
Datebook
RIMS Palm Beach County Chapter "Insurance Day"November 1; West Palm Beach, FLAt its 2nd Annual "I-Day," RIMS Palm Beach will include featured lectures by both keynote speaker Paul Winston of Business Insurance on the current state of the insurance market,...
Is the Role of Traditional Insurance Shrinking?
Risk management is ultimately about reducing worry--worry over the cost effectiveness of our loss prevention and insurance program, worry over variability in earnings that result from accidental losses and, ultimately, worry over the financial survival...
Lincoln's Final Journey
When General Robert E. Lee surrendered the Army of Northern Virginia in early April of 1865, most Northerners considered the bloody "war between the states" all but over, and spontaneous celebrations broke out in several Northern cities. But then,...
Minnesota Risk Management
It seems that all risk managers have an interesting story about what led them to the profession. But Carmen Ferguson, director of risk management for Bemis Co., Inc. may have the tastiest tale, for her professional story is rooted in a french fry factory....
Modeling Terrorists
The prediction and prevention of terrorist incidents could be aided by new simulators, such as first-person shooter-type games in which synthetic human agents improvise rather than floow an inflexible script; such simulators model terrorists and their...
Modeling Terrorists
The prediction and prevention of terrorist incidents could be aided by new simulators, such as first-person shooter-type games in which synthetic human agents improvise rather than floow an inflexible script; such simulators model terrorists and their...
Myths & Realities of Workers Compensation Cost Containment
ONCE UPON A TIME, THERE EXISTED A WORLD WROUGHT WITH OVERWHELMED CLAIMS HANDLERS UNABLE TO PROPERLY CONTAIN THE COSTS OF WORKERS COMP. YET, RATHER THAN ADMIT THEIR FAILINGS, LEGENDARY TALES EVOLVED FORETELLING HOW NO MERE MORTAL COULD...
New Rules for Electronic Discovery
The proposed new Federal Rules of Civil Procedure directed to electronic discovery take effect on December 1, 2006. With that date fast approaching, corporate counsel must become familiar with the nuances of the rules and the technology available to...
Reducing the Risk of Whistleblower Complaints
Whistleblowers come in all stripes, from disgruntled present or former employees or customers to high-level executives trying to do what they see as the right thing. Sometimes their complaints have merit or at least partially so, and other times they...
Stealing Time
There is a joke that goes back to the 1970s: A construction crew leaves the shop in the morning to drive to their worksite. A half hour later, the crew leader calls the supervisor back at his office to say, "Hey, boss. We forgot our shovels." The supervisor...
The Missouri Overhaul
When Missouri Governor Matt Blunt signed sweeping workers compensation reform legislation in 2005, Missouri joined the list of states that have recently reformed their workers compensation systems to target fraud. Prior to these changes, the courts...
Trying to Find a Balance: Choosing the Proper Retention
ONE OF THE FIRST STEPS IN ANY RISK MANAGEMENT PROCESS IS DEFINING THE ORGANIZATION'S RISKS. NEXT, THESE RISKS MUST BE ANALYZED TO DETERMINE THE IMPACT THEY COULD HAVE AND THE LIKELIHOOD THAT THEY WILL OCCUR. THEN COMES THE HARD PART: FIGURING OUT WHAT...
Trying to Find a Balance: Choosing the Proper Retention: One of the First Steps in Any Risk Management Process Is Defining the Organization's Risks. Next, These Must Be Analyzed to Determine the Impact They Could Have and the Likelihood That They Will Occur. Then Comes the Hard Part: Figuring out What to Do Next
Determining what to do about the risks a company faces is the real skill of the risk manager's job. Given that retaining risk is generally less expensive than transferring risk, the more risk a company can comfortably retain, the lower its cost of...
WWW.RIMS.Org/riskwire
Federal agents, including those from U.S. Immigration and Customs Enforcement, seized 135,000 pairs of fake Nike Air Jordan shoes, with a retail value of $16 million, from a smuggling ring outside Arizona. Agents indicated that the smuggling ring probably...

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