Loss Control

Michael Liebowitz, director of insurance and risk management for New York University, began an ERM program for his institution in 2010. Here’s a look at how he started the program—and the benefits it is already delivering.

Although the incidence of fire has shown a steady decrease over the last 30 years, the average cost-of-fire loss has increased, according to the National Fire Protection Association (NFPA) (see chart). Agents, brokers and insurers can help risk managers keep fire safety a top priority throughout the year by identifying...

BP’s Safety & Operational Risk program, whose safety and risk unit reports directly to BP's chief executive officer, has been fully operational since earlier this year.

Implementation of enterprise risk management within the insurance industry—driven by ratings agencies and anxious boards—is moving steadily forward, with large global reinsurers at the head of the adoption curve. In fact, these reinsurance giants are not only leading the way on ERM within the insurance industry itself—but are so advanced...

The Supreme Court decision in American Electric Power Co. v. Connecticut is as noteworthy for what the justices did not decide as for what they did.

The Supreme Court decision in American Electric Power Co. v. Connecticut is as noteworthy for what the justices did not decide as for what they did.

Fearing they may lose work, some sub-contractors are seeking ways to manipulate their experience mod.

The new Safety & Operational Risk (S&OR) program of BP (formerly British Petroleum) is now fully operational.