Loss Control

As cyber risks increasingly become a top-of-mind issue for a wide spectrum of businesses, the market for policies is wide openand the competition intense.

A nonprofit organization and its directors and officers face similar risks as a for-profit board of directors, and might have more to lose. But more and more, for a variety of reasons, nonprofits seem to realize the exposures.

Medical costs per workers compensation claim with more than seven days of lost time are rising faster in Virginia than in other states that were part of a 16-state study, according to the Worker Compensation Research Institute.

In an environment of rapidly evolving risks, just anticipating risk is not enough, as organizations also need to focus on building resilience to effectively manage risk and position themselves for long-term sustainability, says the chief executive of Willis Group Holdings.

With the death of Osama bin Laden and other Al Qaeda leaders reducing the organizations operational environment, terrorist threats to the U.S. are likely to involve smaller bomb plots perpetrated by Al Qaeda-influenced homegrown terrorists rather than attacks on the scale of September 11, according to Risk Management Solutions.

Industry leaders are proud of the way insurers handled and absorbed 2011s huge catastrophe losses, but what if this level of disaster claims becomes the new normal?