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Victor Parker, risk management director for the City of Los Angeles, shares his mitigation strategies for some of the trickiest exposures in the U.S., extols the value of sticking ones neck out, and proudly discusses the program innovations introduced under his watch that saved millions and generate revenue.

MarketScout says the composite rate for commercial insurance placed in the U.S. in May was up 4 percent compared to the same month a year ago.

Misconception No. 1: "We're not a target."

Chartis has rolled out Leaders Risk Protector, a modular-insurance plan designed for schools, associations and public entities and the exposures of their employees and management staff.

Even though the National Transportation Safety Boards recommendation that all cellphone use be banned in automobiles has been nixed by the U.S. transportation secretary, the suggestion is applauded by some corporate and public-entity risk managers.

To compete in a marketplace flooded with competition, environmental insurance carriers to better stand out from the pack are developing new products—built on a growing familiarity with and sophisticated grasp of the unique coverage requirements of specific industry classes.

Public-entity risk managers around the country are being forced to deal with the ongoing—and often dire—effects of the financial crisis, which has led to job losses, pay cuts and cutbacks in coverage.

How are public-entity risk managers faring in light of the financial crises that many cities, counties and public schools are facing as tax revenues decline?To find out, NU interviewed two public-entity risk managers: one who runs risk-management operations for a city in Georgia; and another who oversees the efforts of...