Loss Control

In the enterprise-risk management (ERM) arena, risk-management professionals must perform mazing feats, rounding up and lassoing a herd of risks that are potentially dangerous, unpredictable and hard to manage. They do this using a system of effective internal controls.

Industry officials voiced deep concern over the lack of action in the Senate to extend the current version of the National Flood Insurance Program through Dec. 31.

There are two areas of the current ISO Business Income Worksheet that are potentially misleading, and which can lead to problems.

For an underwriter, summer is an attractive nuisance nightmare.

Although Tropical Storm Don's path is south of the main oil and gas producing regions in the Gulf, about 500 operating oil and gas rigs are in the storm's path and could face damage.

As the price of copper and unemployment rates rise, theft of copper and other metals looms large for insurers and risk managers.

Florida's largest property insurance company on Wednesday proposed an average increase of nearly 430 percent for optional sinkhole coverage in response to soaring claims and 8.8 percent for all other perils, including hurricanes, fire, and theft, all effective in 2012.

Florida's largest property insurance company on Wednesday proposed an average increase of nearly 430 percent for optional sinkhole coverage in response to soaring claims and 8.8 percent for all other perils, including hurricanes, fire, and theft, all effective in 2012.