Hard Market Makes Life Tough For RMs
Risk managers in the year ahead will need an abundance of knowledge, skills and patience to overcome the challenges of a hardening insurance market, risk management experts say.
Carol Murphy, management director for Aon Risk Services in Chicago, sees several hurdles facing risk managers. Ms. Murphy, a casualty and alternative risk-financing expert, said her first concern for 2002 is reductions in excess liability capacity. Several factors could be to blame, including a loss of treaty reinsurance support, she said.
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