Looking to lead by example, Risk and Insurance Management Society President Terry Fleming urged his members to "walk the talk" and emulate his practice of prohibiting brokers from accepting any contingent commissions on his account.
BOSTON--Risk managers, insurers, reinsurers and brokers will have help assessing catastrophe risk to industrial facilities with new studies and model enhancements, AIR Worldwide (AIR) announced here this week.
Risk managers considering climate change exposures are concerned about political and regulatory environments and confused about whose job it is to manage such perils, a survey has found.
Captive insurers tend to be capitalized in excess of the statutory minimums regardless of where they are domiciled, according to a new report from Marsh insurance brokerage.
Risk managers considering climate change exposures are concerned about political and regulatory environments and confused about whose job it is to manage such perils, a survey has found.
Although risk management is a system for controlling the exposures an organization has experienced and might conceivably face, it is by no means fool-proof, mainly because no one can possibly foresee every calamity that could befall an organization.
In only 10 years the risk management profession has gone from "back office" to sought-after professionals, Terry Fleming, president of the Risk and Insurance Management Society Inc., told members.