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. 41, No. 11, November

Bermuda's New Regulations
Don't expect the surge in insurance business that has engulfed Bermuda to abate now that the island's regulators have drafted new insurance regulations. If anything, the new regulations will lure even more investors to Bermuda. "The new regulations are...
Canadians Focus on Corporate Change and the Environment
Management trends dictate that departments rethink their strategies and functions in broadened, refocused and reengineered terms. As the Canadian Risk Management Conference held in Winnipeg, Manitoba on September 11-14 demonstrated, that is precisely...
Controlling Cost with the Risk Management Approach
Healthcare costs have been skyrocketing during the past several years. In the early 1950s benefits costs constituted perhaps 15 percent to 20 percent of the payroll; but in the 1990s they have accelerated to as much as 50 percent of the payroll. In...
Corporate Acceptance of Risk Management
A well-structured risk management program is vital to maintaining the financial strength of companies. In an era where corporate downsizing is the norm, however, many risk management departments face budget cuts. Additionally, "risk managers often...
Creating Environmental Programs
Corporate concern for environmental liabilities is at an all-time high. The specter of large fines and penalties, as well as the Environmental Protection Agency's (EPA) threat to increase criminal prosecutions for environmental statute violations,...
Developing Work Injury Disability Provider Networks
It could take an entire career to learn and understand all the terms engendered by combining managed care with workers' compensation and disability management. These terms, such as diagnostic-related group, health maintenance organization, preferred...
Expanding Liabilities for Ficudiaries
While the courts are expanding liability for fiduciaries, insurance to cover a breach of fiduciary duty may be difficult to secure, according to Doug Stewart, account executive at Hayhurst Elias Dudek Inc. in Winnipeg."The insurance industry has not...
Expanding Liabilities for Fiduciaries
While the courts are expanding liability for fiduciaries, insurance to cover a breach of fiduciary duty may be difficult to secure, according to Doug Stewart, account executive at Hayhurst Elias Dudek Inc. in Winnipeg. "The insurance industry has...
Move over London and New York: Business Is Booming in Bermuda
Up until the mid-1980s, Bermuda was recognized predominantly as a haven for captives. With the establishment of several excess liability insurers on the island -- from ACE Ltd. and EXEL Ltd. in the mid-1980s to new players like Chubb Atlantic Indemnity...
Rail Risk
Modern rail transit systems are an afterthought. Their need is generally discovered long after a city has grown and become choked into gridlock with automobiles. Mass transit activists -- and reactivists -- take years to finally reach acceptable compromises...
Rethinking Risk Management in Executive Terms
Of risk managers want to be more effective in managing risk, they will have to provide executives with a framework to make essential decisions about the risks their companies face. Risk managers should broaden the spectrum and move from the disposition...
Riding the Trend to Outsource
Risk managers would be better leading the decision to outsource and contribute to their companies' choice of suppliers than hoping that a downsizing or outsourcing movement in their organizations will not affect them, according to one broker and risk...
Riding the Trend to Outsource; Risk Managers Should Start the Process Internally and Look at Their Own Departments
Risk managers would be better leading the decision to outsource and contribute to their companies' choice of suppliers than hoping that a downsizing or outsourcing movement in their organizations will not affect them, according to one broker and risk...
Seismic Shock Absorbers Limit Earthquake Damage
Since several major U.S. cities are located in seismically active areas, executives in these regions should think about implementing measures to protect their buildings from earthquake damage. One such measure is the Seismic Isolation system, created...
Superfund Reform Legislation Proves Taxing
ONE ASPECT OF A RECENT Superfund reauthorization bill proposal being debated in the U.S. Congress is intended, among other things, to foster out-of-court settlements of disputes between a potentially responsible party (PRP) and its insurers. In order...
The Perfect Crime for the 1990s: Cargo Theft
CARGO THEFT. HISTORIANS MAY SOME DAY REFER TO it as the perfect crime for the 1990s. Thieves can hijack a truck in less than a minute, sell the goods for cash within hours and head back to the road for more. Yet when these crooks are caught, the criminal...
When an OSHA Inspector Calls
OSHA safety inspections, whether carried out by the state or federal arm of the agency, create fear at many companies. An OSHA violation can result in significant fines and even criminal penalties. Consequently, employers should prepare for inspections...
When to Form a Captive
IN 1981, VERMONT WROTE its captive statutes into law and granted the state's first captive license. Nearly 15 years later, at the ninth annual Vermont Captive Insurance Association (VCIA) conference held in Burlington, Vermont from August 16 through...
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