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. 12, December

Datebook
departmentsJoint Forum on Health, Productivity and Absence ManagementDecember 5 - 7; San DiegoWith the theme of "Practical Health & Productivity Solutions" this conference will benefit all risk professionals dealing with workers comp, disability...
Dealing with Market Corrections
A correction is a beautiful thing--simply the flip side of a rally, big or small. Theoretically corrections adjust equity prices to their actual value or "support level." In reality, it is much easier than that. Prices go down because of speculator...
Learning the Lessons of Katrina for the Unexpected Tomorrow
"CONSIDERING THE DIRECTION CIRCUMSTANCES THAT WE HAVE IN NEW ORLEANS, VIRTUALLY A CITY THAT HAS BEEN DESTROYED, THINGS ARE GOING RELATIVELY WELL." -FEMA DIRECTOR MICHAEL BROWN, SEPT. 1, 2005 Hurricane Katrina will probably be long remembered...
Life, Liberty and the Pursuit of Quality
In an increasingly competitive global environment, the quality of the customer/business partner relationship is the driving force behind all thriving enterprises and one of the most essential factors in determining success as a risk manager. Two...
Managing by Paranoia: The Finnish Model
The concept of the global manager has long been championed throughout the business world. If a company is to succeed on a worldwide scale, it is going to have to do so with an understanding of the cultural differences both within the corporation and...
Managing Risk
Most textbooks have very similar definitions of management, but here is one that combines all the essential ingredients: Management is the decision making process of planning, organizing, leading, controlling and allocating limited resources. Using...
Maritime Security
MOST FOREIGN TRADE IN THE UNITED STATES IS TRANSPORTED BY WAY OF MARITIME SHIPPING, MAKING THIS INDUSTRY A KEYSTONE OF THE U.S. ECONOMY. IN AN AGE OF SEVERE TERRORISM RISK, SECURING THE NATION'S MARITIME SHIPPING IS A MAJOR CONCERN, ONE THAT HAS BEEN...
"No Injury" Class Actions
When many people think of lawyers, ambulance-chasing plaintiffs attorneys' often come to mind. But potential defendants have perhaps more to fear from attorneys who marshal millions of consumers into massive lawsuits where there are no ambulances--and...
Rx for Workers Comp Woes at Catholic Healthcare West
When injured patients enter one of Catholic Healthcare West's (CHW) 40 hospitals in Arizona, Nevada or California, medical staff and employees rush to their aid and provide the highest quality of care and service. But what happens when one of their own...
Rx: For Workers Comp Woes at Catholic Healthcare West
When injured patients enter one of Catholic Healthcare West's (CHW) 40 hospitals in Arizona, Nevada or California, medical staff and employees rush to their aid and provide the highest quality of care and service. But what happens when one of their...
Scaling the Heights of Erm
In September, RM presented a series of articles on the importance of implementing an enterprise risk management program at your organization. But for the many risk professionals who have started this process, how do their experiences compare to those...
Scaling the Heights of ERM: In September, RM Presented a Series of Articles on the Importance of Implementing an Enterprise Risk Management Program at Your Organization. but for the Many Risk Professionals Who Have Started This Process, How Do Their Experiences Compare to Those Who Have Gone before Them?
In order to gain a practical, real-world perspective on ERM implementation, RM spoke to the CROs of three insurance companies that have ERM programs in various stages of development. At The Hartford, the formal ERM function is about one year old while...
The Inflow and Outflow of Global Business
Ask any risk manager that has been disappointed by the orchestration of a global insurance program and you will soon learn that a formidable global presence does not automatically translate to successful global service. To effectively service a...
The Legal Side of the Global Warming Debate
After an Atlantic hurricane season of record-breaking intensity, the ongoing debate that this extreme weather may be the result of global warming caused by industrial greenhouse gas emissions has started to receive much greater attention. So much so...
The Sound of Waves
Last month, I wrote about karoshi, the Japanese word for "death from overwork." While karoshi continues to trouble Japan, untenable work ethics are present in plenty of countries, not the least of which is the United States. I ended my article wondering...
Trends in Litigation
Litigation costs are a pernicious hidden tax for American businesses, as almost 90% of companies are currently engaged in lawsuits, according to international law firm Fulbright & Jaworski's 2005 Litigation Trends Survey of in-house corporate counsel....
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