As risks become more complex, public risk managers find they're wearing many different hats to stay on top of their game, while having to do more with shrinking resources in a faltering economy, according to Sarah Perry, incoming president of the Public Risk Management Association.

"All risk managers, and certainly public entity risk managers, are dealing with broader and more complex risks with fewer resources," she told National Underwriter, calling this one of the biggest issues public risk managers face today.

Ms. Perry, who will take office in Anaheim during this week's PRIMA annual conference, added that public risk managers are also "being asked to take on more complex responsibilities, with not necessarily more staff."