After re-emphasizing that Standard & Poors rating action on U.S. long-term sovereign debt will have little, if any, effect on the insurance industry, Robert Hartwig, president of the Insurance Information Institute, says there are some underlying economic conditions today that need to be looked at.

Two corporate risk managers reported very different results with enterprise risk management (ERM) progress at their companies during a recent webinar.

Social media may provide an ideal avenue for risk managers and others in the industry to ask questions, collectively solve problems and to tap experts for advice around the complicated issue of captives.

As both the price of copper and unemployment rates rise, the increase in thefts of this and other metals looms large for insurers and risk managers as vacant buildings and construction sites are being stripped of wiring, pipes and other copper-containing elements.

Gary Osborne, president of the USA Risk Group, says his company is seeing interest in Tennessee from companies based there thanks to a provision in the state’s new captives law that could make a big difference for some companies.

While captive-insurance experts say the market is healthy, with solid formations, they also note a variety of concerns, including Solvency II, the Dodd-Frank Act and fraud.

Because there is no single process appropriate for every board and every company, it is the joint responsibility of the board’s risk leader and CEO to involve the overall board in the ongoing processes of strategic planning and risk management, according to the Canadian Institute of Chartered Accountants (CICA).

Because there is no single process appropriate for every board and every company, it is the joint responsibility of the board’s risk leader and CEO to involve the overall board in the ongoing processes of strategic planning and risk management, according to the Canadian Institute of Chartered Accountants (CICA).