National Underwriter P&C April-26, 2010
Cover Story
Risk Managers Stand Tall Despite Shrinking Economy
Not only are most risk management departments being spared substantial cutbacks despite the deep contraction in corporate America, but the overwhelming majority of risk managers are happy in their jobs even in these challenging times.
Opinion
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Risk Managers Learn Lessons From Salmon
Although risk management is a system for controlling the exposures an organization has experienced and might conceivably face, it is by no means fool-proof, mainly because no one can possibly foresee every calamity that could befall an organization.
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Total Cost Of Risk Focus Boosts Bottom-Line Results
"What gets measured, gets managed!" This statement is the fundamental principle behind the concept of "Total Cost of Risk." But what exactly is TCoR, and why should you as a risk manager care about it?
News
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P&C Insurers Post Far Bigger Profits Despite Shrinking Economy, Soft Market
The U.S. property and casualty industry was a lot more profitable last year despite a shrinking pie of insurable exposures and a persistently soft commercial market...
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Insurance Pricing Still Soft, With No Rebound Until 2011
Property and casualty insurance rates won't begin to significantly firm up before 2011, according to the most recent industry forecast from Conning Research & Consulting...
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Volcano Claims Success Unlikely For Business Interruption, Aviation
Commercial insurers will not likely have to pay business interruption or aviation claims stemming from the Iceland volcano eruption, but travel insurance claims for individuals could be paid under certain circumstances.
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New Challenger Stands Against N.Y. Producer Disclosure Rule
The Council of Insurance Brokers of Greater New York said it will join the legal effort to defeat New York's compensation disclosure rule for producers.
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SEC's Fraud Case Against Goldman Sachs Could Refuel Burst in Securities Lawsuits
There's no clear answer as to whether fraud litigation brought against Goldman Sachs by the U.S. Securities and Exchange Commission will fuel a new wave of credit crisis lawsuits.
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Entry Deadline Looming For NU Workers' Comp RM Award
The May 11 entry deadline is rapidly approaching for National Underwriter's fourth annual "Awards For Excellence In Workers' Compensation Risk Management," sponsored by the National Council on Compensation Insurance.
Market Report
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Performance Bonuses Bolster RM Pay
Risk managers at organizations of all sizes are earning six-figure incomes on average these days, while most are substantially boosting their base salaries with bonuses and additional benefits.
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'Invisible' Risk Managers In Jeopardy
For risk managers to keep their jobs in this difficult economy, they must remain "highly visible" by making sure their senior management and board members appreciate the bottom-line savings.
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Risk Managers Take Opportunity To Air Grievances, Hopes, Fears
Even though the vast majority of risk managers surveyed indicated satisfaction with their jobs, that doesn't mean they don't have gripes to air.
Buyers Report
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Setting Risk Impact Thresholds Tips ERM Scale Toward Survival
Enterprise risk management experts, and surely even many neophytes, are fairly adept at identifying exposures and events that can impede their organizations.
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ERM Helps Risk Managers Cross Barriers Within, Outside Company
The economic crisis has undoubtedly exposed myriad unique challenges facing risk managers in today's corporate enterprise.
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Few Firms See Themselves As 'Advanced' On Use Of Enterprise Risk Management
Only 7 percent of risk managers rate themselves at an "advanced" level in terms of implementing their enterprise risk management programs, while over one-third are really just getting started in ERM, a survey by Aon revealed.
