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The Risk and Insurance Management Society’s (RIMS) approval as an accredited standards-development organization by the American National Standards Institute (ANSI) means clarification on issues that impact risk managers, says Lori Seidenberg, director of RIMS’ Standards & Practices Committee.

Seidenberg, also vice president in the enterprise-risk management (ERM) division of Centerline Capital Group in New York City, explains that this new status will increase RIMS’ profile in the standards and practices arena by enabling it to “take a lead role in shaping and developing risk-management standards.”

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