RMs Want Fewer Lawsuits, Lower Premiums, Stronger Insurers
Risk management challenges in 2004 include dealing with litigation, with a still hard insurance market in some areas, and the need to monitor insurer solvency, according to a cross-section of risk managers from several industries.
Tort reform is on the mind of Roger Andrews, director of risk management for Cynthiana, Ky.-based E.D. Bullard Company, a manufacturer of personal protective equipment. Mr. Andrews wants to see further limitations placed on forum shopping, class actions and recruitment of plaintiffs by personal injury law firms.
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