Filed Under:Risk Management, Loss Control

With Commercial-Insurance Rates Rising, Risk Managers Must Stress Value of Coverage

Willis Chairman and CEO Joseph Plumeri during a 2009 news conference (AP Photo/Charles Rex Arbogast)
Willis Chairman and CEO Joseph Plumeri during a 2009 news conference (AP Photo/Charles Rex Arbogast)

NU Online News Service, April 12, 2:35 p.m. EST

With rates rising in many commercial-insurance lines—although not uniformly across all lines—risk managers may have to deliver unpleasant news at budget time, but they should stress the value of the products, rather than just the cost, Willis’ chief executive says.

Featured Video

Most Recent Videos

Video Library ››

Top Story

15 tips for driving safely on ice and snow

More than 800 people die each year in the U.S. in vehicle crashes caused by snow, sleet and freezing rain.

Top Story

PIA's national president was born to insure

Robert W. Hansen Jr., a fourth-generation insurance professional, reflects on what drives him to keep selling after more than 30 years in the business.

More Resources

Comments

eNewsletter Sign Up

PropertyCasualty360 Daily eNews

Get P&C insurance news to stay ahead of the competition in one concise format - FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.