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. 61, No. 5, June

Are Your Secrets Safe?
Your doors are locked. Your security system is on. Your firewall is up. Even your smartphone and tablet have security access codes. But, like many business owners, your most valuable assets may have already left the building. Companies have traditionally...
Avoiding a World Cup Red Card
Protecting and Insuring Fans at Soccer's Biggest EventOn June 12, the 20th RFA World Cup tournament kicks off in Brazil. Hundreds of thousands of soccer fans from all over the globe will pour into the country to cheer on 32 national teams as they compete...
Avoiding a World Cup Red Card: Protecting and Insuring Fans at Soccer's Biggest Event
On June 12, the 20th FIFA World Cup tournament kicks off in Brazil. Hundreds of thousands of soccer fans from all over the globe will pour into the country to cheer on 32 national teams as they compete for the title of world's best. Behind the scenes,...
Digital Health Services Face Security Issues
As mobile and online health care services continue to grow in popularity, consumer engagement with the health care industry has gotten stronger. Thanks to these advances, consumers are now able to engage more efficiently with their health care providers...
Don't Fly Angry
In April, researchers at Wichita State University and Embry-Riddle Aeronautical University in Arizona released their annual Airline Quality Rating report. The findings indicated that customer complaints filed against U.S. airlines declined from 1.43...
GM Faces Uphill Climb after Recall
As its recall of nearly seven million vehicles worldwide unfolds, General Motors has already begun to see the financial and reputational fallout. The automaker posted a $1.3 billion charge against first quarter earnings and has been widely criticized...
How Do You Know Your Risk Function Is Creating Value?
Determining the value of risk management has always been challenging because many of the relevant metrics are qualitative rather than quantitative. In a recent survey by Ernst & Young, insurance company chief risk officers cited the top ways they...
Insurance Industry Sees Little Impact
WHILE A CRISIS FOR GM, the recall has had little effect on the insurance industry, which does not offer recall coverage for auto manufacturers. "I am not aware of any insurance implications, because I am not aware that any recall coverage was in...
Minimizing Internship-Related Liability
In a recent lawsuit, former production interns for the film Black Swan claimed that Fox Searchlight Pictures violated labor laws by classifying them as unpaid interns instead of paid employees. A federal judge agreed in June 2013's Glatt v. Fox Searchlight...
New Rules for Vendor Compliance
With updates to HIPAA, PCI and FISMA, regulators are placing increased emphasis on third-party operations.If you arc t) health care vendor, financial 01 retail service provider. Dr federa] government contractor, additional compliance responsibilities...
New Rules for Vendor Compliance: With Updates to HIPAA, PCI and FISMA, Regulators Are Placing Increased Emphasis on Third-Party Operations
If you are a health care vendor, financial or retail service provider, or federal government contractor, additional compliance responsibilities are on your horizon. In response to the unprecedented growth of outsourcing, hosting and contract employment,...
Political Risk and the Supply Chain
Much like a major storm or natural disaster, political unrest can wreak havoc on international supply chains. Risk managers need to be prepared. As this year's events in Ukraine have vividly demonstrated, formerly stable political regimes can quickly...
Reviewing Your Personnel Policies
Employees may be a company's greatest asset, but any risk manager knows that a rogue employee can become the source of tremendous financial, operational and public relations stress if a serious employment claim arises. Effective risk management must...
Risk at the World Cup
For such a popular sport, soccer (or football, as pretty much the entire world prefers) has never been something I could quite get into. Growing up, all my friends played in organized soccer leagues, but I opted for Little League baseball instead....
Strategic Risk Gains Prominence
Although risk management has increasingly taken on a strategic role within many organizations, there is still uncertainty about where primary responsibilities for executing risk management strategy reside and whether risk management is being used to...
The Fallacy of What: Why Measuring Results Alone Is a Poor Gauge of Safety Program Success
Common risk management wisdom is that, by measuring the results, we can determine the success of the process. But are we measuring the right things? In workers compensation programs, medical costs and indemnity payments (lost wages) are the most...
The Small Business Cybersecurity Blindspot
Many believe that large corporations are more likely to be at risk from cyberattacks and IT system compromises than small or medium enterprises. The data from bigger businesses is more desirable simply because of the scale of operations, they reason....
Wal-Mart Challenges China on Food Safety
In the last three years, China has fined Wal-Mart a total of $9.8 million for food safety violations. In response, the company ramped up its inspection program, tasking hundreds of employees with examining more than 600 products a day for flaws. Earlier...
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