NU Online News Service, July 18, 11:59 a.m. EDT

The Risk and Insurance Management Society says it has been approved as an accredited standards development organization by the American National Standards Institute (ANSI) Executive Standards Council.

According to RIMS, this status will increase its profile in the standards and practices arena by enabling it to take a lead role in shaping and developing risk management standards. RIMS sys it aims to begin standards development in early 2012.

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