Business Insurance articles from April 2008

Business Insurance archives from April 2008

Three questions.(Industry News)(growth of catastrophe bond market )
April 1, 2008... Even in the face of softening insurance and reinsurance markets, the catastrophe bond market continues to grow both in terms of the volume of cat bonds brought to market and the number of issues, with 2007 the most active year yet in the...

Silver lining amid economic crises?(First Word)(laws on insurance industry)
April 1, 2008... Byline: Rodd Zolkos For all the bad business news of the past several months in the United States-the economic downturn, the housing crisis and the subprime mortgage disaster-for proponents of federal regulation of insurance, at least, the...

Star power; Specialty markets battle for top talent in competitive recruiting environment.(Cover Focus: Specialty Markets)
April 1, 2008... Byline: Rodd Zolkos As in other areas of the insurance business, the need for top talent is a critical issue among specialty markets companies. The talent need might be particularly acute for specialty market players as they confront...

Errors & Omissions.(Correction notice)
April 1, 2008... In the story titled "Data-enabled decisions'' that ran in the March issue of Industry Focus, the name of Erie Insurance Group and its location in Erie, Pa., were misspelled.

Subprime fallout could cost billions.(Feature: Trends)
April 1, 2008... Byline: Meg Fletcher NEW YORK-The insurance industry faces billions of dollars in litigation losses related to the U.S. subprime mortgage crisis, including a wider variety of claims than analysts predicted initially. The...

Sophisticated analysis changing the game.(Last Word)
April 1, 2008... Byline: Scott G. Stephenson Advanced analytics are creating a significant disruption in the insurance marketplace. Indeed, the proliferation of analytics is more than just introducing a new player. It's unleashing a true "game changer.''...

`Perfect storm in reverse'; Medical professional liability sees fortunes turn due to variety of improvements.(Feature: Gatherings)
April 1, 2008... Byline: Rodd Zolkos CHICAGO-After losing money from 2001 to 2004, medical professional liability insurers' fortunes have turned positive since 2005, though some factors that contributed to their financial improvement may be subject to...

RMS launches fire risk model.(Industry News)(Risk Management Solutions Inc.)(Brief article)
April 1, 2008... NEWARK, Calif.-Risk modeling firm Risk Management Solutions Inc. has launched a new probabilistic model that assesses commercial fire risks. The RMS Account Fire Model is aimed at primary commercial and specialty insurers and reinsurers....

IMA launches wholesale broker and MGA.(Industry News)(IMA Financial Group Inc. formes Towerstone Inc.)(Brief article)
April 1, 2008... DALLAS-IMA Financial Group Inc. has formed Towerstone Inc., a Texas-based wholesale insurance broker and managing general agency with experience in a wide range of industries and expertise in energy and construction. Towerstone is the...

PCI joins nine others as newest member of IRC.(Industry News)(Property Casualty Insurers Association joins Insurance Research Council)(Brief article)
April 1, 2008... MALVERN, Pa.-The Property Casualty Insurers Assn. has joined nine other insurance organizations as a member of the Insurance Research Council, a public policy research organization offering analysis on various issues of interest to insurers,...

Ironshore enters health care liability market with IronHealth.(Industry News)(Ironshore Inc. )(Brief article)
April 1, 2008... SIMSBURY, Conn.-Ironshore Inc. has moved into the health care liability market with its launch of a dedicated facility, IronHealth. IronHealth, based in Simsbury, Conn, initially will offer hospital professional liability, managed care...

Zywave courts smaller agencies with BrokerageBuilder Express.(Industry News)(Zywave Inc. )(Brief article)
April 1, 2008... MILWAUKEE-Employee benefits and property/casualty broker software solution provider Zywave Inc. is offering a new insurance-specific prospecting and benefits account management application that is designed to address the needs of smaller...

On the move.(Michael S. McGavick appointed as chief executive officer at XL Capital Ltd.)(Peter Zaffino appointed as chief executive officer at Guy Carpenter & Co. L.L.C.)(Willis Group Holdings Ltd. promotes Grahame Millwater )
April 1, 2008... Hamilton, Bermuda-based XL Capital Ltd. has named Michael S. McGavick chief executive officer. Mr. McGavick, who is to join the company May 1, will replace Brian M. O'Hara, who announced last year that he would retire as CEO in mid-2008. Mr....

Data breaches spark interest in cyber coverages.(Cover Focus: Specialty Markets)(Hannaford Brothers Co.)
April 1, 2008... Byline: Meg Fletcher Upscale grocer Hannaford Bros. Co. reported that millions of customers' credit and debit card information had been compromised and, within days, four groups of plaintiffs' attorneys filed suit against the Scarborough,...

Zurich's ZPass allows real-time agent quotes.(Industry News)(Zurich Financial Services)(Brief article)
April 1, 2008... SCHAUMBURG, Ill.-Zurich Financial Services Group is providing its small commercial business agents in the United States access to real-time quoting through the insurer's new ZPass interface platform. The Swiss-based insurer, whose North...

Integration breeds flexibility to withstand uncertainties.(Tech Focus)
April 1, 2008... Byline: Jamie Bisker It is clear that the insurance industry needs to embrace the concepts and capabilities derived from applying innovation to a large proportion of its activities. The challenge of late is that even though the message...

The quote.(Industry News)
April 1, 2008... "Underwriting is key right now. You have to find the diamonds in the rough.' -Detlef Steiner, chairman, Delos Insurance Co. CAPTION(S): Detlef Steiner

Built to order; The slowdown in home sales has hammered the market for many construction-related coverages. At the same time, competition is heating up in some lines of coverage.(Cover Focus: Specialty Markets)
April 1, 2008... Byline: Meg Fletcher The credit crunch has reduced the demand for construction-related insurance for single-family home developers, but competition is increasing among insurers that cover financially stable developers of multifamily...

Largest managing general agents, ranked by 2007 premium volume*.(In Focus)
April 1, 2008... Rank 1: Burns & Wilcox Ltd. 220 Kaufman Financial Center 30833 Northwestern Highway Farmington Hills, Mich. 48334 800-521-1918 www.burnsandwilcox.com 2007 premium volume: $750,000,000 % change: 7.1% 2007...

Informed health choices rest on provider ratings.(Disclosure Project)(Brief article)
April 7, 2008... STANDARDS IN HEALTH CARE provider performance are essential to the success of the consumerism and quality-improvement movements. As we report on page 1, the Consumer-Purchaser Disclosure Project-a collaborative effort of employers,...

Standards could drive efficiency; Regulatory convergence could cut cost of placing global risks, experts say.
April 7, 2008... Byline: MICHAEL BRADFORD DUBAI, United Arab Emirates-International standards for insurers and reinsurers would be beneficial if the regulations were structured to help the market operate more efficiently, an industry executive contends....

POE HISTORY.(News)(Brief article)
April 7, 2008... Major events affecting insurers formed by William F. Poe Sr. 1956: William F. Poe Sr. starts a one-man insurance agency in Tampa, Fla., that becomes Poe & Associates, one of the largest brokers in the United States. 1974-1979: Mr. Poe...

RMIS vendor trends.(risk management information systems )(Interview)
April 7, 2008... David A. Tweedy, a managing consultant with Albert Risk Management Consultants Inc. in Needham, Mass., conducts an annual review of risk management information systems in partnership with the Dallas-based International Risk Management...

PATIENT CHARTER SUPPORTERS.(News)(Brief article)
April 7, 2008... Consumer, labor and employer organizations AARP AFL-CIO Bridges to Excellence Care Focused Purchasing Inc. Center for Medical Consumers Childbirth Connection Employer Health Care Alliance General Electric...

In brief.(News)
April 7, 2008... Clinton seeks to close offshore tax 'loophole' Democratic presidential contender Hillary Clinton said last week that she would close a purported tax loophole that she said gives foreign insurers with U.S. subsidiaries an "unfair...

Public sector faces unique enterprise risk management challenges; Adoption increasing slowly amid frequent changes of leadership.
April 7, 2008... Byline: MARK A. HOFMANN Slowly but surely, enterprise risk management is coming to the public sector in the United States. ERM advocates say several factors are driving enhanced interest in the approach, not the least of which is to do...

Florida suit targets insurers' management; State seeks to recoup funds from Poe family.(News)
April 7, 2008... Byline: DOUGLAS McLEOD TALLAHASSEE, Fla.-William F. Poe Sr. and members of his family have been prominent in the insurance industry for decades, but are now facing regulatory charges that they diverted millions of dollars from three...

'Borat' suits not having great success.(Twentieth Century Fox Film Corp.)(Brief article)
April 7, 2008... A lawsuit filed by a man seen "fleeing in apparent terror'' from comedian Sacha Baron Cohen in the movie "Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan'' has been thrown out by a New York federal judge....

Top-to-bottom support backs successful ERM programs; Consider all factors, experts advise, but don't dwell on details.(Spotlight: Enterprise Risk Management)
April 7, 2008... Byline: ROSEANNE WHITE GEISEL The keys to a successful enterprise risk management program are unique to each company, but the potential mistakes are universal, experts say. The consensus among risk managers and consultants is that...

Airline tackles board, management 'worries'.(enterprise risk management )(Brief article)
April 7, 2008... Byline: Roseanne White Geisel Companies engaging in enterprise risk management will do more harm than good if they set out to identify every potential risk. Listing hundreds of risks without prioritizing them will result in paralysis,...

Errors and omissions.
April 7, 2008... A chart in the March 24 issue titled "State Workers Compensation Medical Treatment Guidelines'' showed Nebraska as a red state with "specific/customized guidelines solutions.'' Nebraska should be a blue state with "guidelines under...

Profits grow at Lloyd's despite softening rates; Investments, low cat losses help 2007 results.(News)
April 7, 2008... Byline: SARAH VEYSEY LONDON-Limited catastrophe losses and increased investment income helped boost profits at Lloyd's of London in 2007, but managing through the softening market will be a key challenge for underwriters in 2008, says the...

Muslim world provides opportunity to insurers; Takaful executive sees huge growth potential.(World Insurance Forum)
April 7, 2008... Byline: MICHAEL BRADFORD DUBAI, United Arab Emirates-A worldwide Muslim population that is young and growing provides a rich well of potential customers for Shariah-compliant insurance, says an executive with a Malaysian takaful company....

WellPoint joins ranks refusing to cover errors; 'Never events' policy aims to increase safety.(News)
April 7, 2008... Byline: JOANNE WOJCIK INDIANAPOLIS-WellPoint Inc. is changing its provider reimbursement strategy to withhold payment for certain medical errors, the company announced last week. The reimbursement modifications, which involve...

Study finds CDHPs offer only modest reductions; Healthier members, cost-shifting drive savings.(consumer-driven health plans)
April 7, 2008... Byline: JOANNE WOJCIK Employer savings from consumer-driven health plans come from three principal forces: lower utilization, greater cost-shifting to plan members and the fact that most of those who enroll are healthier, a study by...

Doctor rating project may boost CDHP drive; Group unites doctors, employers, insurers.(Consumer Driven Health Plan)
April 7, 2008... Byline: JOANNE WOJCIK WASHINGTON-A standardized method to judge provider performance that passes muster with critics of health plans' previous doctor ranking efforts is likely to boost the consumerism movement by providing plan members...

Bermuda insurers expand in Lloyd's.(Heritage Underwriting Agency P.L.C)(Brief article)
April 7, 2008... Byline: SARAH VEYSEY LONDON-Argo Group International Holdings Ltd. has agreed to buy Heritage Underwriting Agency P.L.C., which writes business through a syndicate at Lloyd's of London. Under the terms of the deal, Argo Acquisition...

Auction-rate securities spawn a host of lawsuits by investors; Cargo airline, mobile phone provider sue Merrill Lynch & Co.(News)
April 7, 2008... Byline: MEGAN JOHNSTON Companies and individual investors with cash trapped in auction-rate securities are increasingly taking legal action against the broker-dealers that sold them the products. Auction-rate securities, which are a...

Comings & goings.(Beecher Carlson )(Waldman Bros. L.L.P)
April 7, 2008... BROKERS: Beecher Carlson has appointed Charles Pierpont managing director of the national energy practice in Westchester County, N.Y. Previously, he was an area executive president for Arthur J. Gallagher & Co. Dallas-based Waldman...

NAIC adopts plan to reform reinsurance collateral rules; Modernization proposal calls for exploring uniformity in regulating U.S., foreign reinsurers.(National Association. of Insurance Commissioners)
April 7, 2008... Byline: MEG FLETCHER KISSIMMEE, Fla.-The National Assn. of Insurance Commissioners has unanimously adopted a framework to significantly reform U.S. reinsurance regulation, which drafters say they plan to flesh out by the end of this year....

Not enough capacity to cover federal silliness.(Commentary)
April 7, 2008... Byline: Mark A. Hofmann Businesses often worry about reputational risks. It would behoove the federal government to do the same, particularly when it comes to the small stuff. A couple weeks ago, literally tens of millions of Americans...

BI adds Chicago staff.(News)(Brief article)
April 7, 2008... CHICAGO-Business Insurance has added two members to its staff in Chicago. Pharaoh Blackwell has joined the magazine's interactive department as assistant online producer, and Allison J. Martinat has joined the editorial department as...

More buyers pushing suppliers to develop their own ERM plan; Requirements, reactions vary by industry.
April 7, 2008... Byline: LOUISE ESOLA As large companies have worked to perfect their enterprise risk management plans, they've begun to expect the same of their suppliers, experts say. "Some of these larger companies have been working to get an ERM...

Sustainability to take ERM to next level; Corporate efforts could marginalize role of risk managers.(enterprise risk management)
April 7, 2008... Byline: DAVE LENCKUS Many risk management experts say expanding enterprise risk management by establishing an organizational sustainability effort could only benefit organizations that move in that direction, but not all concur that risk...

Sustainability dates back centuries.(Spotlight: Enterprise Risk Management)(Brief article)
April 7, 2008... Byline: Dave Lenckus The concept of sustainability dates back centuries. Experts trace it to practices by some Native American tribes and 13th Century European forestry laws. Today's corporations began recognizing what a sustainability...

ERM and visual risk clusters; Emerging risk strategies.(Conference news)(Column)
April 7, 2008... Byline: John J. Hampton In my previous columns, I proposed implementing enterprise risk management using a hierarchical structure of risk categories aligned with an organization's business model. I've been using "ERM knowledge warehouse''...

UP CLOSE Jared Ball.
April 7, 2008... New job title: Director of risk engineering, International Space Brokers Inc. in Washington. Start date: Jan. 14 Previous position: Principal satellite engineer for Intelsat Ltd. in Long Beach, Calif. Reason for the switch: ISB's...

Treasury endorses OFC for insurers; But regulatory change still seen as years away.(News)
April 7, 2008... Byline: MARK A. HOFMANN WASHINGTON-The practical short-term impact of Treasury Secretary Henry Paulson's call to allow insurers and producers to choose federal rather than state regulation probably will be rather modest, say both...

THE PROPOSAL.(News)(Brief article)
April 7, 2008... The Treasury Department's insurance reform proposal recommends: * That Congress approve as soon as possible the creation of an Office of Insurance Oversight within the Treasury Department. This office would deal with international...

Allen not laughing about clothing ad.(End Page)(Brief article)
April 7, 2008... A clothing maker says advertising that used the likeness of filmmaker and actor Woody Allen was a parody, but Mr. Allen isn't laughing. Mr. Allen sued American Apparel Inc., seeking more than $10 million for the unauthorized "blatant...

Treasury plan heartens federal charter backers.(Brief article)
April 7, 2008... ADVOCATES OF CREATING optional federal charters for insurers and producers have known all along that reaching that goal could take quite a while. Fortunately, attaining that goal may have become considerably easier last week as Treasury...

Study finds achy, breaky heart may indeed lead to death.(End Page)(Brief article)
April 7, 2008... Love not only hurts; it kills. According to research by Cass Business School in London, people in permanent relationships have an increased chance of dying in the year immediately following the death of a partner. The research,...

Impairment guide comes under fire; Academic questions validity of long-used workers comp claim measure.(News)(Conference news)
April 7, 2008... Byline: KRISTIN GUNDERSON HUNT CHICAGO-Some workers compensation legal professionals question the validity of American Medical Assn. guidelines on evaluating permanent impairment that more than 40 state workers comp systems use to determine...

'Responsibility' is word from insurer sponsor of TV movies.(End Page)
April 7, 2008... Liberty Mutual Group Inc. is underwriting two new programs for NBC Universal Inc., but they have absolutely nothing to do with insurance or transferring risk. Rather, the Boston-based insurer has agreed to sponsor two original movies that...

White worker wins protection under bias law; Civil Rights Act covers discrimination based on race of employee's spouse, appeals court rules.(News)
April 7, 2008... Byline: DAVE LENCKUS NEW YORK-A federal appeals court ruling that civil rights law protects white workers in certain circumstances may have only a modest short-term effect but could lead to substantially more discrimination claims in the...

On the web.
April 7, 2008... BI ONLINE FEATURES World Insurance Forum expanded coverage At the World Insurance Forum 2008 held in Dubai, United Arab Emirates, senior executives from insurance companies across the world gathered to discuss the latest insurance...

Online Poll at www.businessinsurance.com.(Opinions)
April 7, 2008... Is the property/casualty insurance industry doing enough to build coalitions with non-insurance organizations to reach its political goals? Yes: 40% No: 60% Next week's poll: Do you support allowing insurers to opt for federal...

San Diego dining by cuisine.(RIMS 2008 San Diego Conference Preview)
April 14, 2008... American Bay Cafe Beach-n-Diner Bertrand at Mister A's Corvette Diner Damon Gordon's Quarter Kitchen Dave & Buster's JRDN Restaurant Terra Restaurant Urban Solace Asian Red Pearl Kitchen ...

Damages to state economy claim to proceed against MMC; Conn. Supreme Court overturns prior ruling in bid-rigging suit.(News)(Marsh & McLennan Companies Inc.)
April 14, 2008... Byline: SALLY ROBERTS HARTFORD, Conn.-Connecticut Attorney General Richard Blumenthal can proceed with his attempt to seek damages for harm to the state's economy as part of his lawsuit against Marsh & McLennan Cos. Inc. over allegedly...

Enterprise risk management is here to stay; Ask a Risk Manager.(Perspective)(Viewpoint essay)
April 14, 2008... Byline: Christopher E. Mandel Q: Is Enterprise Risk Management losing ground and is its mandate threatened? With repeated crises in the financial markets and companies from various sources raising significant questions about the...

Credit insurance can protect account receivables.(Perspective)
April 14, 2008... Byline: Steven Gan Account receivables are an extremely valuable company asset, especially since receivables often are the second largest asset on a company's balance sheet and represent all the resources that a company uses to market,...

Nippon Life hoping Cubs import is a hit.(End Page)
April 14, 2008... Cashing in on one of the latest Japanese baseball players to enter the Major League Baseball arena, Nippon Life Insurance Co. is teaming up with the Chicago Cubs and its new star, Kosuke Fukudome. The marketing agreement, which was...

Health spending rules face key court test; 9th Circuit to rule on San Francisco mandate.(News)(Employee Retirement Income Security Act of 1974)
April 14, 2008... Byline: JERRY GEISEL PASADENA, Calif.-A U.S. appeals court panel will hear oral arguments this week on San Francisco's health care spending ordinance as business groups-backed for the first time by the federal government-are urging that...

San Diego dining by cost, for two.(RIMS 2008 San Diego Conference Preview)
April 14, 2008... Under $25 Bay Cafe Beach-n-Diner Field Irish Pub & Restaurant In-N-Out Burger Village Pizzeria Bayside $26 to $50 Anthony's Fish Grotto Butcher Shop Steakhouse Cafe Pacifica Corvette Diner ...

Travelling art exhibits require careful risk assessment: Expert; Potential for disaster can grow when paintings move location.(News)
April 14, 2008... Byline: GLORIA GONZALEZ DALLAS-Insuring fine art can be a challenge for underwriters due to the potential for loss or damage during the transport and exhibition of valuable artworks, a fine art underwriter says. Losses for stolen or...

IMUA event draws 210 attendees.(News)(Conference news)
April 14, 2008... Byline: Gloria Gonzalez DALLAS-About 210 people attended the Inland Marine Underwriters Assn.'s 78th annual meeting, which was held April 5-8 in Dallas. The forum included sessions on the state of the property/casualty industry,...

Fatal crane accidents highlight need for comprehensive coverage; Extent of protection key consideration for construction risks.(News)
April 14, 2008... Byline: GLORIA GONZALEZ DALLAS-Recent crane accidents in New York and Miami highlight the importance of knowing the extent of coverage provided by builders risk policies for renovated or new construction projects, an industry expert says....

Foes of Wal-Mart checking the tapes.(End Page)(Wal-Mart Stores Inc. and Flagler Productions Inc. )(Brief article)
April 14, 2008... Outsourcing may be a popular way to do business, but it's not without its risks. Just ask Wal-Mart Stores Inc. It seems that the Bentonville, Ark.-based retail giant entrusted a small Kansas video production company called Flagler...

When only a burger will do.(RIMS 2008 San Diego Conference Preview)(service of fast food restaurant In-N-Out)(Brief article)
April 14, 2008... Sometimes, all you want is a burger. Not some "gourmet'' burger adorned with avocado slices and pineapple-balsamic reduction. Not a burger that's only selling point is that it's bigger than your head. Just a good hamburger or cheeseburger. ...

Designer suit? 'Runway' move spurs legal battle.(End Page)
April 14, 2008... Supermodel Heidi Klum and Liz Claiborne Inc. Chief Creative Officer Tim Gunn may know what's hot on the runway, but it's off-camera where the competition has heated up for "Project Runway.'' Lifetime Television last week announced that the...

Show rocks mansion owner's world.(End Page)(Bret Michaels)(Brief article)
April 14, 2008... Regardless of whether rocker Bret Michaels finally finds love in the season finale of his reality TV show "Rock of Love,'' which was set to air April 13, he apparently had fun trying. Ray Sahranavard, who agreed to temporarily leave his $9...

U.S. reinsurers report robust 2007 results; But outlook tempered by softening market.(News)
April 14, 2008... Byline: JUDY GREENWALD U.S. reinsurers' results remained strong in 2007 due to low catastrophe losses and the impact of past rate hikes, but the continued soft market and growing competition are expected to erode future results. And...

Tijuana shops offer Mexican handcrafts.(RIMS 2008 San Diego Conference Preview)(Brief article)
April 14, 2008... Byline: Joe Walker Steve Esteban, owner of Cinco de Mayo, a small shop along Revolution Avenue in Tijuana, Mexico, takes pride in the fact that he sells only items made in Mexico. "All of our silver is from Taxco,'' Mr. Esteban said....

Mexican border town suffers tourism slump due to violence.(RIMS 2008 San Diego Conference Preview)
April 14, 2008... Byline: JOE WALKER Tijuana, Mexico-Revolution Avenue in Tijuana, Mexico, is a lot like a carnival. People on the street try to get you to come inside their shops, offering you prescription drugs without the prescription, cheap silver,...

Downtown San Diego sees development boom.(RIMS 2008 San Diego Conference Preview)(Brief article)
April 14, 2008... Byline: LOUISE ESOLA San Diego-It's been four years since the Risk & Insurance Management Society Inc. took over the Convention Center in San Diego and that's all it took for "America's Finest City'' to become...well, finer. Once a...

San Diego's mix offers fine time to visitors; Oceanside location, diverse neighborhoods all add to city's appeal.(RIMS 2008 San Diego Conference Preview)(City overview)
April 14, 2008... Byline: LOUISE ESOLA SAN DIEGO-A city with a split personality, San Diego is conservative, yet laid back; prosperous, yet far from smug. With its diverse characteristics, this city by the sea has much to offer visitors looking to mix of...

Satellite rates expected to rise following series of large losses; Claims outpaced launch, in-orbit premiums by $175 million in 2007.(International News)
April 14, 2008... Byline: STACY SHAPIRO The recent failure of a Russian Proton rocket to launch a $192 million communications satellite into proper orbit will toughen the resolve of the satellite insurance market to harden rates this year, observers say....

Court rules against local agent sign-off law.(News)
April 14, 2008... Byline: MARK A. HOFMANN SAN FRANCISCO-A 9th U.S. Circuit Court of Appeals decision against Nevada's countersignature law means that one of the last of those laws may soon be history. The law requires out-of-state insurance agents to...

RIMS partners with Volunteer San Diego in second annual community service project.(RIMS 2008 San Diego Conference Preview)(Risk and Insurance Management Society Inc.)(Brief article)
April 14, 2008... Byline: Colleen McCarthy Attendees of the Risk & Insurance Management Society Inc.'s 2008 Annual Conference & Exhibition once again can participate in a community service project in the local community of the host city. On Sunday...

Professional growth No. 1; Questions & answers.(RIMS 2008 San Diego Conference Preview)(dialogue with Janice Ochenkowski)(Interview)
April 14, 2008... Byline: Gloria Gonzalez Janice Ochenkowski is president of the Risk & Insurance Management Society Inc. and a managing director at Jones Lang LaSalle Inc. in Chicago. In an interview with Business Insurance New York Bureau Chief Gloria...

RIMS seeks to spark change on view of risk; Conference to reflect growing excitement for risk management.(RIMS 2008 San Diego Conference Preview)(Risk and Insurance Management Society Inc.)(Conference news)
April 14, 2008... Byline: COLLEEN McCARTHY SAN DIEGO-Risk managers attending the Risk & Insurance Management Society Inc.'s 2008 Annual Conference & Exhibition should be prepared to look at risk management with a fresh perspective, organizers say. The...

Spencer foundation contributions support risk management education.(RIMS 2008 San Diego Conference Preview)(In memoriam)
April 14, 2008... The Spencer Educational Foundation, administered by the New York-based Risk & Insurance Management Society Inc., was created by the Atlanta RIMS Chapter in 1979 in honor of the late Robert S. Spencer, who was president of RIMS in 1977/78. ...

House panel passes combustible dust safety measure.(News)(Brief article)
April 14, 2008... Byline: MARK A. HOFMANN WASHINGTON-The House Education and Labor Committee last week approved a bill that would require federal safety authorities to set rules for regulating combustible dust in the workplace. An amended version of the...

Captive owners prepare for hard market: Marsh; Capital levels signal readiness for price changes.(International News)
April 14, 2008... Byline: DAVE LENCKUS Single-parent captives worldwide are significantly better capitalized than their risk assumption levels require, and their returns on capital are inconsistent, indicating that risk managers are keeping their...