As I arrived today at this year's RIMS conference in San Diego, my thoughts drifted back to the first time I attended this convention of corporate insurance buyers in the late 1980s, when risk managers had a fairly thankless job. Man, how times have changed, as NU's exclusive coverage of the annual “Risk Management Compensation Survey” by Logic Associates reveals.
In the old days, risk managers never received a call congratulating them because no property had burned down that day, no worker had been injured, and no one had sued. The only time they got a dreaded call from above was when something went wrong. The conversation was short and far from sweet.
How in the world did we let something like this happen? some corporate big would demand, adding: What are we doing to make sure it doesnt happen again? And we had better be insured!
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