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. 45, No. 5, May

A Lifetime of Achievement: George Betterley Receives the 1998 Goodell Award
Anyone who thinks risk management isn't exciting hasn't met George Betterley. He's been on so many adventures that he sounds more like James Bond than the "dean of risk management," as he has been called during his 45-year career. To recognize his...
Association Web Pages
Visiting Web sites for associations devoted to specific sectors of the risk and insurance management field is an efficient way to gather information: you can take advantage of a variety of sites, including several whose focus may not seem to apply...
Catastrophe Modeling: A New Tool for Risk Managers
Not very long ago, it was impossible to accurately quantify and assess exposure to catastrophes. Risk managers could focus on worst-case-scenarios, probable maximum foreseeable losses, but they had no real measure of how likely such losses could be....
Climate Change Arriving Sooner Than Expected?
Once thought to involve gradual changes, shifts in the earth's climate may take place in a human lifetime, or even within a decade, according to new scientific evidence. "Individuals and policymakers alike should not expect the climate to remain stable,"...
Disaster Planning: The Challenge Within
The movie Titanic, which retells one of the most tragic stories of the modern age, has been captivating audiences since its release in late December. Perhaps no other event in this century better captures the dimensions of disaster than the tale of...
Editor's Prerogative
Do you remember the mythological tale of Icarus? He believed he was invincible with his wings and tempted the fates by flying too close to the sun. You know what happened next. This arrogance of invincibility is the focus of one of the disaster articles...
Executive Forum
HE START OF A NEW TERM IS AN EXCITING time for every RIMS president. As many of you saw at the RIMS Annual Conference & Exhibition, we've set an aggressive agenda for the year ahead-not only to continue the initiatives started by my immediate predecessors,...
How the Damage Is Done
Hurricanes and Tornadoes When approaching wind envelops a building, the airflow separates at sharp edges such as wall corners, eaves, roof ridges and roof corners. This separation induces additional turbulence in the airflow, causing highly fluctuating...
Latin America Continues Insurance Growth
While the financial crises in several Asian countries have raised questions about the prospects for economic growth in other emerging nations, several speakers discussing market conditions in Latin America agreed that the outlook for international...
Separation Anxiety: Courts vs. Legislatures
Are judges usurping the role of legislators? In a number of states, some may be trying to. During a recent presentation to the American Tort Reform Association, Victor Schwartz, a products liability expert and partner with the Washington, D.C. firm...
Surveillance Claims Investigators May Face Backlash
As the trend toward greater protection of personal privacy raises questions about the use of surveillance, risk managers should be aware that it remains an important tool that can be valuable in investigating the legitimacy of claims. Conducted properly,...
The Coming Storm: Global Warming and Risk Management
There is little question that global climate conditions have been getting worse. Statistics from Munich Re show that, in comparison with the 1960s, five times as many natural catastrophes such as major hurricanes and tornadoes occur in a "typical"...
Value at Risk: The Effects of Catastrophes on Share Price
On May 11, 1996, ValuJet Airlines Flight 592, bound for Atlanta, crashed into the Florida Everglades soon after taking off from Miami. All passengers and crew members perished in a human catastrophe that was almost beyond comprehension, and the financial...

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