For risk managers to keep their jobs in this difficult economy, they must remain "highly visible" by making sure their senior management and board members appreciate the bottom-line savings.
Commercial insurers will not likely have to pay business interruption or aviation claims stemming from the Iceland volcano eruption, but travel insurance claims for individuals could be paid under certain circumstances.
There's no clear answer as to whether fraud litigation brought against Goldman Sachs by the U.S. Securities and Exchange Commission will fuel a new wave of credit crisis lawsuits.
Property and casualty insurance rates won't begin to significantly firm up before 2011, according to the most recent industry forecast from Conning Research & Consulting...
Only 7 percent of risk managers rate themselves at an "advanced" level in terms of implementing their enterprise risk management programs, while over one-third are really just getting started in ERM, a survey by Aon revealed.
Not only are most risk management departments being spared substantial cutbacks despite the deep contraction in corporate America, but the overwhelming majority of risk managers are happy in their jobs even in these challenging times.
The U.S. property and casualty industry was a lot more profitable last year despite a shrinking pie of insurable exposures and a persistently soft commercial market...
Enterprise risk management experts, and surely even many neophytes, are fairly adept at identifying exposures and events that can impede their organizations.