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ERM Hard To Teach, Quantify

The concept of enterprise risk management is nothing new. Indeed, it is already engrained in the culture of risk management in the United States, according to one leading official in the field.

Risk managers here have been practicing some form of ERM for years, said Jack J. Hampton, executive director of the New York-based Risk and Insurance Management Society. The concept, he said, is a buzzword and “it probably is reaching middle age.”

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