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With public entities getting hit by whopping budget cuts while coping with increased liability and added pressure to procure needed coverages, large pooling groups are becoming more and more important for risk managers, one expert in the field contends.

Now that Ed Liddy has decided to quit his thankless jobs as chair and CEO at American International Group, the big question is, who in their right minds would want to sit in the hot seats he is vacating?

Opportunity usually arises from tough times. With businesses facing economic uncertainty, CIOs face a challenge to help the enterprise survive the difficult days and thrive when the upturn takes place.

Insurers adopting a prefill program for policy data are finding great value, according to John E. Cantwell, assistant vice president - marketing at ISO.

Legislation backed by the insurance industry that would provide incentives for the adoption and enforcement of statewide building codes throughout the nation has been introduced in the House.

Insurers might be looking for ways to trim expenses throughout their operations today, but it's still full speed ahead for policy administration projects.

Citing medical costs as the reason, the California State Compensation Insurance Fund has filed for a 15 percent increase in premium rates.

Putting its money where its mouth is when it comes to support of risk management education, FM Global handed out the first of a series of grants recently so two universities can develop course curricula for students studying loss prevention and insurance.