Loss Control

RIMS President Scott B. Clark has personal reasons for calling to action members of the Risk and Insurance Management Society, asking them to reach deep into their pockets to help survivors of Japan’s earthquake and deadly tsunami.

The term “bad faith” is one of the most disparaging terms risk managers can level against their insurers. Bad-faith allegations are made after a claim has been poorly handled in the eyes of the risk manager, with a lawsuit often following.

Considering that 73 percent of small and midsize companies have experienced a cyber attack—and that the costs of dealing with such a breach are substantial—corporate risk managers need to give serious thought to acquiring cyber-liability coverage.

The Insurance Institute for Business & Home Safety recently conducted the first-ever full-scale wildfire demonstration at its research center. Watch the destruction take place.

Insurance company shares were mixed Tuesday amid speculation that the industry might see premiums increase given the slate of recent natural disasters and uncertainty over the upcoming hurricane season.

Insurance company shares were mixed Tuesday amid speculation that the industry might see premiums increase given the slate of recent natural disasters and uncertainty over the upcoming hurricane season.

Employers and their insurers will have a new tool, grounded in the science of human behavior, available to assess an organization’s vulnerability to employment practices liability lawsuits when Montage Analytics officially rolls out its EPL Risk Index later this year.

The use of social-media sites—Facebook, YouTube, Twitter—has surged at a record-breaking pace over the past few years, and they are now used by employees and employers in almost every workplace—a development that has opened new vehicles for harassment, discrimination and employment-related defamation.