Enterprise Risk Management

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  Mitigating Loss From the Next 'Sandy'

  By Michael A. Costonis  |  January 4, 2013

  The real claims lessons from Sandy are about insurers' preparation (not response) to disaster.

• 2012 Turns Out to Be Above-Average Year for Nat Cat Losses

  By Mark E. Ruquet, PropertyCasualty360  |  January 3, 2013

  Amid all the talk of insurers enjoying a milder catastrophe year compared to 2011, the year 2012 will still be an above-average year for insured cat losses, industry officials say.

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  RIMS Names John Phelps as 2013 President

  By Anya Khalamayzer  |  January 2, 2013

  John Phelps, director of Business Risk Solutions for Blue Cross and Blue Shield of Florida, Inc., will serve as the president of the Risk and Insurance Management Society in 2013.

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  Risk Management Profile: Vestas-American Wind Technology, Inc.

  By Anya Khalamayzer, PropertyCasualty360.com  |  December 27, 2012

  VIDEO: How risk management creates opportunities for the wind turbine industry, one of the most widely-used sources of alternative energy, to develop and grow.

• Cat Bond Sales Near $6B in 2012 Despite Sandy Loss Threat

  By Sarah Mortimer, Reuters  |  December 14, 2012

  Sales this year of new catastrophe bonds have been the second highest since the market began, despite potential losses for investors as a result of superstorm Sandy, Swiss Re said on Thursday.

• Fall in Terrorism Attacks Doesn’t Mean Decline in Insurer Vigilance

  By Mark E. Ruquet, PropertyCasualty360.com  |  December 13, 2012

  While the total of terror attacks has declined on a global basis, the number of incidents remains at historic highs and insurers need to continue monitoring situations to better understand risk, says Guy Carpenter.

• Uncertainty Rules Risk Management Outlook for 2013

  December 13, 2012

  We asked risk managers and their brokers about what they expect will be the biggest challenges in 2013—and how they are preparing to respond to them.

• RIMS Develops New SRM Guide

  By Anya Khalamayzer, PropertyCasualty360.com  |  December 4, 2012

  The Risk and Insurance Management Society (RIMS) has released for pre-order its new “Strategic Risk Management Implementation Guide,” written for organizations seeking to integrate their corporate risk and strategic business operations.

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  The Risks in ERM Risk Models

  By Denise Tessier  |  December 3, 2012

  When it comes to ERM, models are extremely useful. Yet, they can also be dangerous.

• Endurance Buys Galileo Weather Risk Management, Forms New Unit

  By Staff Writer  |  November 20, 2012

  Endurance Specialty Holdings says it has acquired the assets of Galileo Weather Risk Management to form a new unit offering a suite of customized weather risk management products to help clients manage the impact of weather variability on their businesses.

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  NRC: U.S. Energy Grid Increasingly Susceptible to Terror Attack

  By Anya Khalamayzer, PropertyCasualty360.com  |  November 16, 2012

  The East Coast electric grid’s slow recovery from Hurricane Sandy highlights the shortcomings of the overburdened utility system and its susceptibility to damage from a different kind of surprise threat: terrorist attacks, especially hackers, notes one risk manager.

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  Taking a Bite Out of Risk Tolerance

  By Denise Tessier  |  November 16, 2012

  Know your company's risk tolerance to drive an effective ERM program and avoid stagnation.

• Allianz Looks to Property as Alternative to Low Investment Yields

  By Reuters  |  November 13, 2012

  Allianz is looking to invest about $12.7 billion in property over the next five years as it seeks to offset low yields from conventional investments.

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  Incoming and Outgoing: Washington Players Impacted by the Election

  By Arthur D. Postal, PropertyCasualty360.com  |  November 12, 2012

  Last Tuesday’s election will generate substantive changes in who makes the decisions affecting the insurance industry in Washington. Here is a look at the key people certain to be impacted by the change.

• FM Global's Lou Gritzo Discusses Sandy Impact

  By Bryant Rousseau, PropertyCasualty360.com  |  October 29, 2012

  While the mainstream press is focused on property damage, insurance-industry players know that business-interruption claims from commercial clients are going to account for a hefty percentage of the claims. "The impact on the supply chain is going to be dramatic," FM Global Vice President of Research, Dr. Louis Gritzo tells...

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  Will RBC Satisfy ORSA Requirements?

  By Tom Sullivan  |  October 18, 2012

  Companies facing the upcoming ORSA may consider using the NAIC Risk Based Capital measure to meet the assessment’s requirements—but the RBC has limitations.