Enterprise Risk Management

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  Analysis: Best Practices for Monitoring Property, Casualty and WC Claims

  By Steve Leveroni, Robin Hendrickson  |  June 18, 2013

  In claims management, preventive measures are still the best way to control costs. However, claims are going to occur, so having the right plan in place to manage them becomes critical.

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  "All Ears To The Ground" for Advancing Risks

  By Denise Tessier  |  June 14, 2013

  The industry talent shortage is getting worse, earthquake risk should be addressed on the national level, and other revelations plucked from spring industry conferences.

• Property Risk Not a Part of Many ERM Programs: Advisen Survey

  By Anya Khalamayzer, PropertyCasualty360.com  |  June 12, 2013

  A majority of organizations have an enterprise risk management program but a “surprisingly large minority” of these programs do not include property risks.

• SunGard’s Launches Interface with Conning to Improve Risk Management

  By Staff Writer  |  June 11, 2013

  SunGard’s iWorks Prophet actuarial modeling solution provides an interface with Conning’s GEMS Economic Scenario Generator (ESG) to help insurers improve risk management.

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  Guy Carpenter's Lamm-Tennant Chosen APIW Insurance Woman of the Year

  By Anya Khalamayzer, PropertyCasualty360.com  |  June 7, 2013

  Joan Lamm-Tennant has been chosen as 2013’s Insurance Woman of the Year by the Association of Professional Insurance Women.

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  10 States at Greatest Risk of Storm Surge Damage

  By Hannah Bender, PropertyCasualty360.com  |  June 6, 2013

  Although hurricanes are usually associated with southern coastal states, hurricanes Irene and Sandy proved storm surge is also a big risk for other states.

• Insurers Urged to Get Ready for ORSA

  By Dave Lenckus  |  June 3, 2013

  With the NAICs’ Own Risk and Solvency Assessment (ORSA) regulation bearing down on insurers, the IASA offered a super session on complying with the new enterprise risk-reporting mandate.

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  Eqecat: Up to $5B in Insured Losses from Recent Tornado Activity

  By Phil Gusman, PropertyCasualty360.com  |  May 24, 2013

  The storm system that produced deadly tornadoes this past week, including the one that leveled Moore, Okla., is expected to cause between $2 billion and $5 billion in insured property losses, according to catastrophe modeler Eqecat.

• Banks in Cyber Heist Face Uncertainty in Getting Money Back

  By Joseph Ax, Reuters  |  May 13, 2013

  Two banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, says financial, insurance and legal experts.

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  Authorities Launch Criminal Investigation of West Fertilizer Explosion

  By Chad Hemenway, PropertyCasualty360.com  |  May 10, 2013

  A criminal investigation has been launched into the West, Texas fertilizer plant that exploded last month.

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  Bill Introduced to Extend TRIA for 10 Years

  By Elizabeth D. Festa, PropertyCasualty360.com  |  May 10, 2013

  Legislation to extend the Terrorism Risk Insurance Act for a decade has been introduced in the House.

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  RMS CEO: New Risk Management Platform to 'Crush Latency'

  By Chad Hemenway, PropertyCasualty360.com  |  May 9, 2013

  Risk Management Solutions has unveiled a new, open platform it says will enable insurers to manage models and exposures in minutes rather than months.

• Ace’s ESIS Expands Globally

  By Anya Khalamayzer  |  April 29, 2013

  Ace Group has opened twelve regional management hubs for ESIS; a risk-management product it launched in 2008 for multinational organizations in the America, Europe and Asia.

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  Using ERM Techniques To Mitigate Fraud

  By Denise Tessier  |  April 26, 2013

  Employing certain ERM techniques will enable insurers to better mitigate internal and external fraud risks. Here's how.

• Insurance CIOs More Optimistic in 2013; Look to Increase Investment Risks

  By Phil Gusman, PropertyCasualty360.com  |  April 25, 2013

  Insurance chief investment officers are more optimistic about investment opportunities than last year, and are looking to enhance returns by increasing allocations to equities, alternatives and illiquid assets, a new report says.

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  Talking ERM at RIMS with Aon Global Risk Consulting Managing Director

  By Anya Khalamayzer, PropertyCasualty360.com  |  April 24, 2013

  PC360 talks to Laurie J. Champion, managing director at Aon Global Risk Consulting about ERM while at the RIMS conference in Los Angeles.