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.

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