Promoting the conservation of natural resources and encouraging risk mitigation efforts along densely populated coastlines in the United States are the best avenues toward managing risk and reducing economic losses, RAA testified last month.
RIMS President Joseph Restoule has traveled far and wide in anticipation of this month's annual conference--recently returning from visits to Japan, Columbia and Bermuda--where he found that interest in enterprise risk management has "just taken off."
A growing uncertainty pervading nearly every industry and company, no matter its size--not only in the United States but worldwide--has set the stage for a volatile commercial insurance market for buyers facing renewals this year and next.
With falling top-line revenue due to a deepening recession and a depleting policyholders' surplus capital base, the upcoming price increase cycle is projected to be different from previous periods, according to a survey by a data technology firm.
Bermuda has launched an effort called Bermuda First to help jump-start the island's economy in light of the global financial crisis, said the co-chairman of the initiative.
Marsh announced today that its captive management practice has been recognized by the State of Connecticut Insurance Department as the first firm eligible to provide captive management for captive insurance companies domiciled in the state.
An interview last week about enterprise risk management with expert Pat Finegan, a principal with Towers Perrin and senior consultant in its ERM practice sparked ...
An interview last week about enterprise risk management with expert Pat Finegan, a principal with Towers Perrin and senior consultant in its ERM practice sparked ...