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Many firms, he observed, "are already doing this by default, but not in a manner where people can study it or critique it." Actuaries have the tools to help develop the ERM process, but it requires a

Kroll risk consulting company, a Marsh subsidiary, said it has sold its international high-risk asset and personnel protection division, Kroll Security International, to Garda World Security Corp, in

WASHINGTON--The Senate Banking committee's incoming chairman said the panel will work to establish a permanent federal program to backstop insurers against terrorism risk rather than renewing the Terro

The prediction came from Tropical Storm Risk (TSR), a consortium of experts on insurance, risk management and seasonal climate forecasting led by the Benfield UCL Hazard Research Centre at University

Sheila Breeding, a spokeswoman for Allstate in New Jersey, a subsidiary of the Northbrook, Ill.-based company, said as of Feb. 5, the company will no longer write new homeowner, condominium, mobile ho

With considerable uncertainty over prices and conditions in the commercial insurance market, insurers need to be prepared to walk away when prices fall below a prudent, risk-based premium level, the L