Product Liability insurance market conditions are softening for the first time in several years for a significant segment of insurance buyers, insurers and brokers say. Some risks, however, continue to face relatively steep rate hikes and insufficient capacity.
Nahua Maunakea, director of global risk management for IHS Inc. and president of RIMS Rocky Mountain Chapter, shares his journey to risk management heightsand cooler climes.
Nahua Maunakea, director of global risk management for IHS Inc. and president of RIMS Rocky Mountain Chapter, shares his journey to risk management heightsand cooler climes.
Two common themes emerge when talking with risk managers renewing their insurance programs: In terms of rates, staying flat is the new win, and effective risk management in 2013 helped to maintain or lower rates for this year.