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. 6, June

1994 RIMS Manitoba Canadian Conference
Winnipeg's economic clout as a grain trading center--along with its architectural diversity and legendary windiness--has earned the city the sobriquet "the Chicago of the North." But Manitoba's capital city, located in the southeastern corner of the...
A Practical Guide to Finite Risk Insurance and Reinsurance, 1994
In contrast to its lengthy (and perhaps intimidating) title, authors R. George Monti and Andrew Barile have taken the recently emerging subject of "finite risk" and dealt with it in easy to understand explanations, examples and very interestingly, actual...
Aviation Liability's Expansive Scope
Headlines trumpeting $50 plus million court awards stemming from aircraft accidents tell a chilling story for manufacturers in the aviation industry. Consider that today, the world aviation insurance market, in terms of total premium. is probably in...
Computers Can Thwart Medical Malpractice Claims
Medical risk management faces a highly uncertain future. Due to the increase in litigation in U.S. society, medical claims frequency is up slightly while claims severity has increased sharply. Consequently, risk managers in the medical field must help...
Excursions
An extensive, province-wide park system offers ample opportunity to explore Manitoba's diverse topography, ranging from verdant northern Forests to aspen parklands and rippling southern prairies--even a desert. Manitoba's 100,000 lakes and dozens of...
Executive Forum
The theme for this month's magazine is "environment." For risk managers this is a rather new word and world. In fact it was only about a year ago that RIMS formed the Environmental Committee. It's been an interesting year.Probably the main thing that...
Family and Medical Leave Act Raises Questions
The federal government's Family and Medical Leave Act (FMLA) went into effect for most eligible employees in August 1993. Yet, the language of the act and its various unofficial interpretations has left many risk and employee benefits managers in a...
Government Entities Shouldn't Run Low on GAS 10
Guidelines for reporting insurance, risk financing and loss funding transactions established by the Governmental Accounting Standards Board Statement #10 (GAS 10) apply to a wide range of government entities. Public entity pools have been required...
Leverage Your Loss Data into Cost Saving Information
Ever see the popular bumper sticker "The one who dies with the most toys wins!" In business today, a better motto is, The one who operates with the best information wins!" If the boss walked into a risk manager's office today and asked, "What will...
Manitoba Conference Highlights
The theme of the yearly harvest will predominate at "Harvest '94"--the 1994 Canadian Risk Management Conference, to be held in Winnipeg, Manitoba, between September 12 to 14. "In risk management, we plant the seeds of ideas and take steps to integrate...
Meeting Financial Requirements for Landfills
In 1988, an Environmental Protection Agency (EPA) study confirmed that the United States was in the midst of a municipal solid waste disposal crisis. By 1990, the nation generated nearly 195 million tons of municipal solid waste, with the EPA estimating...
More New Exhibitors at RIMS
Whether they were donning virtual reality visors at Reliance National's booth or donning antlers at ITT Hartford's, attendees to the 32nd Annual RIMS Conference in New Orleans were able to experience a little madcap pleasure while getting down to the...
NAFTA's Effect on the Mexican Economy
The passage of the North American Free Trade Agreement (NAFTA) is likely to have a significant impact on the U.S., Canadian and Mexican economies. NAFTA combines the economies of the the three nations into a trade block with a total Gross National...
Navigating Global Hazards
Customer bankruptcy or payment default, trade embargo, license cancellation, confiscation, expropriation, nationalization or currency inconvertibility. And these are only some of the financial risks of conducting business globally. They do not even...
Pension Maximization and the REA
When an employee of a company sponsoring a retirement plan comes to retirement, he or she learns that there are a number of ways to take the retirement income. Monthly pension incomes can be taken in several ways. Among the most popular are 1) a life...
Products Liability - When the Unthinkable Happens
Products liability - the phrase invoke images of a burden some, arduous and exorbitant litigation process, tarnished corporate reputation and concomitant lost revenues. Yet determining whether a company has potential products liability exposure can...
Restaurants of Winnipeg
Although located amidst miles of prairies, this provincial capital has one of the highest percentages of restaurants per capita of any North American city. With over 900 different restaurants, you could eat out every night for over two and a half years...
RIMS Conference 1994
What was most apparent at the 32nd Annual RIMS Conference held in New Orleans, Louisiana was the focus on some of the most critical issues of the day. Nothing demonstrated this more than the newest event, an array of roundtable Brown Bag Discussions,...
Rocky Mountain RIMS on Government Relations
The Rocky Mountain RIMS Chapter provided other RIMS members with a primer on how to more effectively relate with their local legislators and regulators. To do more to educate its 90 plus member organizations, the chapter chose to find out what was going...
Selling Safety Programs
It is no surprise to risk managers: workers' compensation costs are escalating. But the extent of this escalation may alarm even the most seasoned risk manager; according to a data provided by NCCI, between 1985 and 1990, workers' compensation indemnity...
Solutions for Agricultural Co-Ops
Agricultural co-ops, which can include farm Supply co-ops, fertilizer manufacturers, and grower co-ops, all share certain differences in tax structure that set them apart from other corporations. "Agricultural co-ops work within some very tight margins...
Solutions for Agricultural Co-Ops
Agricultural co-ops, which can include farm supply co-ops, fertilizer manufacturers, and grower co-ops, all share certain differences in tax structure that set them apart from other corporations. "Agricultural co-ops work within some very tight margins...
The Cost of Risk Is on the Rise
The cost of risk increased more than 10 percent for U.S.-based organizations, according to the results of this year's Cost of Risk Survey, with workers' compensation up 7 percent and liability risk financing posting an 18 percent rise. The results of...
The Everyday Nature of Special Events Risk
When risk managers hear the words "special events," they tend to think of rock concerts or Olympic games, something out of their league. But according to David L. Mair, risk manager for United States Olympic Committee Risk & Insurance Management,...
The Everyday Nature of Special Events Risk
When risk managers hear the words "special events," they tend to think of rock concerts or Olympic games, something out of their league. But according to David L. Mair, risk manager for United States Olympic Committee Risk Insurance Management, "a special...
The Growing Concern over Indoor Air Quality
Two recent lawsuits alleging health problems from poor IAQ are being viewed as precedent-setting, giving rise to speculation that such suits will increase in number. One pending lawsuit in the fledgling field of sick building syndrome" litigation...
The Growing Concern over Indoor Air Quality
Two recent lawsuits alleging health problems from poor IAQ are being viewed as precedent-setting, giving rise to speculation that such suits will increase in number.One pending lawsuit in the fledgling field of "sick building syndrome" litigation involves...
The New Environmental Hazard: Prison
Lawyers at the United States Environmental Protection Agency (EPA) say that the much-threatened explosion of criminal prosecutions for violations of environmental statutes will begin in earnest in 1994. Pursuant to the Pollution Prosecution Act of...
The Sights of Winnieg
In little more than 100 years, Winnipeg has grown from a scrappy fur trading post to a world-class city, offering a surprising variety and caliber of culture and entertainments. Its vibrant arts world, the most famous feature of which is probably the...
The Truth about Products Liability Insurance Coverage
It seems like a simple idea. When a manufacturer purchases products liability insurance, it does so with the intention of transferring the uncertainty of a possible future loss to its insurance company in exchange for a stated, fixed sum, or annual...
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