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. 6, July-August

ART Show: The Growing Popularity of Alternate Risk Transfer
Alternative risk transfer (ART) is an increasingly attractive approach to diversifying risk management portfolios in the insurance arena. Certain subsets of ART transactions, particularly those within the life insurance industry involving cessions...
Beware of Lightning Season
In 2013, 23 deaths were caused by lightning in the United States, according to the National Oceanic and Atmospheric Administration (NOAA). The Insurance Information Institute (III) also reported that insurers paid $673.5 million in claims to more than...
Establishing an Appropriate Risk Culture
The role of the head of enterprise risk management (ERM) is no longer simply to run a risk management program--it is to create the right risk culture across the organization. In fact, according to Moody's, "Enhancing risk culture is one of the most...
Lessons from Gordon Ramsay
I've never really been a fan of reality shows. If I'm going to devote my time to television, I want professional actors, scripts and the high-level production values of Game of Thrones or True Detective, rather than the approach of "set up a few cameras...
Missing Plane Renews Flight Tracking Debate
When Captain Sean Cassidy flies planes for Alaska Airlines--a job he frequently performs over Alaska's hard-to-navigate terrain--he has the benefit of satellite-based tracking technology to monitor flight data and assist with safer take-offs and landings....
Mother Nature's Red Tape: Environmental Liability Regulations around the World
Any organization that is not concerned about environmental liability risk, or that believes it may have adequate protection through general liability insurance policies, should take a moment to reconsider. Released in April by insurer ACE and law...
One Small Step
Some years ago, I interviewed a representative from a reinsurance company whose portfolio included a number of specialty risks, one of which was space. I don't recall the details of our conversation, but I do know that our primary objective was to...
Space: Risk's Final Frontier
In 2002, early PayPal investor and Tesla Motors CEO Elon Musk started space transport services company SpaceX. To control quality and costs, the company would develop its own components, test them in-house, and build reusable, reliable spacecraft on...
Steady as She Goes: Risk Management's 2014 Captive Domicile Review
In recent years, some captive domiciles in the United States have seen big growth in formations because of the rising popularity of small captives. Others, however, have opted for a steady course, favoring larger, single-parent captives, which remain...
Turning Up the Heat on Climate Change
Parker liautaud describes himself on Facebookas a' 19-year-old polar adventurer and climate change campaigner." A Yale University geology and geophysics major (class of 2016), Liautaud is the youngest person to reach both poles and has made four polar...
When Worlds Collide: The Effect of Alternative Capital on the P/C Market
THIS HAS BEEN A WATERSHED YEAR FOR THE U.S. PROPERTY/CASUALTY MARKET. The convergence of insurance/reinsurance and alternative capital has reached a tipping point and, for the first time, alternative capital is directly impacting market conditions...
World's Deadliest Mine Disasters
On May 13, an explosion erupted deep in a mine near Soma, Turkey. The resulting fire raged for two days, claiming 301 lives in the country's worst mine disaster. Turkey has a history of poor mine safety conditions, ranking highest in deaths per million...
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