Magazine article Risk Management

Risk Response

Magazine article Risk Management

Risk Response

Article excerpt

As a monthly magazine we tend toward a broader and more analytical coverage of the issues affecting our readers. We're not able to report first on breaking stories of impact in the field; that is, we don't get scoops, not unless we're very lucky. And to be honest, there are some very fine publications out there that cover the beat on a daily basis. We know because we read them. And it was in the course of scanning the papers one morning that it occurred to us that a direct comment or reaction to recent harder news articles might provide a slightly different perspective than we're used to giving; a combination of hard news and analysis meant to provoke questions and discussion. If you agree or disagree, or simply have a different perspective to offer on our take on the news, write to us at pfeldman@rims.org or fax us at 212.922.0716. We will also accept suggestions for news items.

This month we ask Linda Lamel, the executive director of RIMS, to take a look at two recent pieces on issues that may have strong impacts on what you do, and how you do it, in the near future.

Quote from the Journal of Commerce, October 30, 1998

Insurance companies need to choose carefully the Year 2000 (Y2K) coverage disputes they want to battle, an authority on the issue said.

"The worst thing the insurance industry can do is pick the wrong cases to appeal," stated Paul E.B. Glad, the managing partner of the San Francisco law office of Sonnenschein, Nath & Rosenthal. …

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