Latest Risk Management Headlines

All the headlines from our Risk Management Topic Page, ordered by recency.

Audit Shows Risk Management Fund for New Mexico City Being Drained by Suits

Feb 16 2017 // Legal settlements in law enforcement civil rights cases over the past five years have severely depleted Albuquerque, N.M.’s risk management fund, which pays for uninsured losses. In a letter to city officials, state...

Hiscox Launches Security Incident Response Policy for Crisis Support

Jan 26 2017 // Specialist global insurer Hiscox has launched a Security Incident Response (SIR) policy designed to provide clients with crisis management services.“SIR will enable organizations to fulfil their duty of care...

Verisk Analytics Buys UK-Based Arium, a Liability Risk Modeling Firm

Jan 23 2017 // Verisk Analytics Inc., the Jersey City, N.J.-based data analytics provider, has acquired Arium, an independent company specializing in liability risk modeling and decision support.London-based Arium will become part of AIR...

People

Jan 23 2017 // Property and casualty veteran Mark LaBour has joined Alliant’s growing Florida practice. As vice president within the company’s Alliant Americas division, LaBour will deploy targeted risk management and...

People

Jan 23 2017 // Massachusetts Gov. Charlie Baker has appointed Todd R. Johnson, senior vice president and property-casualty practice leader of the USI Insurance Services’ (USI) Massachusetts offices located in Woburn, Needham and...

Expert: Cyber Risk Modeling Requires New Way of Thinking

Jan 23 2017 // Arvind Parthasarathi, founder and CEO of Cyence, a San Mateo, Calif.-based cyber risk modeler, believes that rising to the demand of cyber threats calls for a completely different way of looking at cybersecurity.He thinks...

Today’s Insurance Agency E&O Costs, Coverage and Claims

Jan 10 2017 // Independent agency owners spend their entire careers worrying about the risks and exposures of others. Managing the risks of their own agencies can take a backseat to helping their clients.While agents appreciate the...

Maryland’s PSA Insurance Hires Volk to Lead Cyber Risk Management Practice

Jan 4 2017 // With cyber attacks at an all-time high, PSA Insurance & Financial Services (PSA), a Baltimore, Md., headquartered independent firm specializing in risk management, personal insurance and employee benefits, has added an...

PotashCorp’s Seaman Takes Helm as 2017 RIMS President

Jan 3 2017 // The risk management society RIMS announced that Nowell R. Seaman will lead the group as president for the 2017 term, effective January 1.Seaman is the director of Global Risk Management for Potash Corporation of...

Top 12 Insurance Trends and News Stories of 2016: Countdown

Dec 27 2016 // In the year 2016, as in past years, there were the familiar or continuing stories including reinsurers still wishing and hoping for a hardening market; property/casualty insurance carriers reporting financial results...

Risk Strategies Acquires Advanced Insurance Underwriters in Florida

Dec 27 2016 // Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has acquired business insurance specialist Advanced Insurance Underwriters (AIU), headquartered in Hollywood, Fla. Terms of...

Alliant Hires Bothwell in Massachusetts to Expand Its Energy and Marine Group

Dec 21 2016 // Newport Beach, Calif., headquartered insurance broker Alliant has hired Robert J. Bothwell as executive vice president based in Boston, Mass.In this role, Bothwell will provide targeted risk management and insurance...

LP Insurance in Nevada Names Banes Shareholder, Director of Risk Management

Dec 9 2016 // Reno, Nev.-based LP Insurance Services Inc. has named Jared Banes a shareholder and director of risk management.Banes will also continue as a sales executive at LP Insurance, a role he’s held since 2013. He will also...

China’s Insurers Have Major Risk Management Deficiencies, Warns Regulator

Dec 5 2016 // Chinese insurance firms have significant risk management deficiencies, as they overly focus on asset management for profits and growth, a senior official at China’s insurance watchdog said on Saturday. Vice chairman...

What Executives Need to Know About Managing D&O Liabilities: Allianz Report

Dec 2 2016 // Company directors and senior managers across the globe are increasingly likely to face costly regulatory investigations, criminal prosecutions or civil litigation, which not only put their company’s assets, and their...

How to Bring Coastal Community Stakeholders into Disaster Planning

Nov 30 2016 // Recognizing that coastal storms can cause surges, sea-level rise and cyclone winds that devastate communities, emergency management experts in a new study have detailed a method for involving local stakeholders in planning...

Most Organizations Not Adequately Prepared for Cyber Attacks: Marsh & McLennan Cyber Handbook

Nov 30 2016 // No company is fully secure from cyber breaches, no matter how sophisticated its cyber defense mechanisms, which is why every company should develop a cyber risk management strategy, according Marsh & McLennan’s...

Capitalizing on the Health Clinic Marketplace

Nov 21 2016 // The increasing number of health clinics across the nation constitutes a new trend in today’s healthcare system. With urgent care centers opening around the country, the number of clinics is expected to hit...

Cyber, Risk Management & Claims for Accountants’ Liability

Nov 7 2016 // The environment for accountants’ professional liability (APL) insurance programs continues the trend of the past few years of both expansions in coverage and risk management with many programs. The market is also...

Cyber Insurance Purchasing Slowing After 6 Years of Fast Growth

Nov 1 2016 // The overall upward trend of organizations purchasing cyber insurance continued in 2016, however there are signs the market is slowing after six years of rapid growth.A 2016 Zurich Insurance-Advisen survey shows that over...