Those who were anticipating rates to harden due to substantial updates to Risk Management Solutions (RMS) U.S. hurricane model say the impact hasso farturned out to be less than expected.
Underwriters of property coverage for mining operations identify business interruption as one of their biggest challengesbecause severe fluctuations in commodity pricing can make it difficult to accurately gauge the ultimate exposure.
Three rising young talents in risk management talk with NU about their responsibilities, what attracted them to the field and the evolution of their business.
The biggest challenge to the mining industry is not the risks, but an inaccurate 50-year-old pick and shovel image, according to an underwriting expert.
Corporate risk managers see their insurance broker as an extension of their own companya member of the team whose skills are heavily depended upon in areas like claims and loss-control.
Mining is viewed as a high-risk industry, but mining in North America is safer than some other industries, such as agriculture and lumber, in terms of the number of claims, say experts.