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. 38, No. 4, April

AIG's Proposal for Cleanup Fund Makes Headway
Despite Congress' reauthorization of Superfund late last year, a proposal to establish an environmental trust fund to replace the federal cleanup program has gained some acceptance on Capitol Hill, according to supporters. The trust fund proposal,...
A Surprise Awaits Some Self Insureds
Eugene R. Anderson and John H. Doyle III are partners in the law firm Anderson Kill Olick & Oshinsky P.C., which has offices in New York, Washington, DC, Philadelphia and Honolulu. by Eugene R. Anderson and John H. Doyle III Self insurance...
Brokers: A Word of Advice from the Wise
Chris F. Best is editor of Foresight, a London-based insurance and risk management journal published by Risk and Insurance Group Ltd. British Telecom's risk manager Ian Drewer recently said, "In the future the whole financial exposure of a company...
Developing What It Takes to Handle Casualty Claims
Ernest A. Schmitt is vice president of casualty claims for Johnson & Higgins in New York. Keeping watch on casualty losses is an inherent part of managing risk in any business or company. As such, the risk manager must find effective ways to...
Developing What It Takes to Handle Casualty Claims
Keeping watch on casualty losses is an inherent part of managing risk in any business or company. As such, the risk manager must find effective ways to manage casualty claims and should consider setting up claims teams, establishing proper reserves,...
EPA Grants Amnesty on Chemical Effects Reporting
Mary Catherine Fish is an analyst and Jeffrey H. Schwartz is co-founder and principal of Jellinek, Schwartz, Connolly & Freshman Inc., a Washington, DC-based consulting firm specializing in chemical use management and environmental compliance....
Establishing an Effective Driving Policy
Creating and enforcing a driving safety policy can be arduous. Introducing driving restrictions into an environment that has often been control-free for many years can threaten what many senior employees view as their right, not privilege, to a company...
Estimating Loss Reserves Using an Actuarial Report
Gregory N. Alff is senior vice president and senior actuary of the Research and development Division of Corroon & Black Corp. in Nashville, TN, a subsidiary of Willis Corroon P.L.C. In today's casualty insurance market, more risk managers are...
How the Corporate Risk Manager Contributes to Company Value
Michael L. Smith, Ph.D., is an associate professor specializing in risk Management at Ohio State University in Columbus. C. Arthur Williams Jr., Ph.D., holds the Minnesota Insurance Industry Chair in the Carlson School of Management at the University...
Making Risk Management Happen in Your Organization
Keith R. Gibson, CRM, is risk manager for Municipal Insurance Association of British Columbia. It is the goal of every risk manager to be proactive not only in day-to-day operations but in a company's future. Making risk management a reality or...
Managing Risks in Chinese Joint Ventures
John J. Hampton, D.B.A., is provost of The College of Insurance in New York. In the past Westerners paid close attention to the market prospects and profits from their joint ventures with Chinese state corporations. In today's business environment,...
Managing Risks in Chinese Joint Ventures
In the past Westerners paid close attention to the market prospects and profits from their joint ventures with Chinese state corporations. In today's business environment, however, they should pay greater attention to the risks. Certainly, in the event...
Old Liability Policies Unearth Underground Tank Coverage
Steven W. Weston, J.D., is a partner and Clifton J. McFarland, J.D., is an associate with McClintock, Weston, Benshoof, Rochefort, Rubalcava & MacCuish in Los Angeles. During the 1980s federal, state and local governments adopted underground...
Old Liability Policies Unearth Underground Tank Coverage
During the 1980s federal, state and local governments adopted underground storage tank laws that held their owners and users strictly liable for the cleanup of any contamination resulting from leaks. Yet many businesses faced with catastrophic underground...
Quantifying the Exposures of Global Interdependencies
James H. Costner, CPCU, ARM, is senior vice president of national accounts services for Corroon & Black Corp. Teresa L. Pahl, CPCU, ARM, is vice president of Corroon & Black International's central region. Business interruption exposures...
Reducing Market Exposure with Portfolio Insurance
Potkin A. Basseer, Ph.D., formerly a professor of finance at The College of insurance in New York, is a consultant to the financial industry. A significant portion of insurers' assets are invested in market-sensitive financial instruments such as...
RIMS Grants Charters to Two Florida Chapters
by Tom Johnson The Palm Beach and the Southwest Florida chapters have been granted charters by the Executive Council of the Risk and Insurance Management Society Inc., bringing the total number of chapters to 88. "We started with 12 member companies...
Risk Management: A Retrospective View
H. Wayne Snider, Ph.D., is professor of risk management and insurance at Temple University in Philadelphia. In 1955, what is now the Risk and Insurance Management Society changed its name from the National Association of Insurance Buyers (NAIB)...
Risk Management: A Retrospective View
In 1955, what is now the Risk and Insurance Management Society changed its name from the National Association of Insurance Buyers (NAIB) to the American Society of Insurance Management (ASIM). That November I told the Midwest Insurance Buyers Association...
Software Uncovers White-Collar Crime
Software White-collar crime costs companies an estimated $40 billion every year. But while risk managers realize that white-collar crime represents a major risk for most businesses, they also know that it is one of the most difficult risks to detect...
Tax Court Decides Captive Issue in Taxpayers' Favor
Tax Court Decides Captive Issue in Taxpayers' Favor P. Bruce Wright is a member of the New York Bar. He is also a member of the law firm LeBoeuf, Lamb, Leiby and MacRae. The Tax Court decided three cases this year that allow taxpayers to deduct...
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