Captives

The battle between the National Risk Retention Association and the Government Accountability Office rages on as the private group has publicly criticized a GAO report calling for clarification of a federal law regulating risk retention groups.

National Underwriter risk board members and RIMS veterans weigh in on their past experiences, present hopes and future expectations of the 2012 Risk and Insurance Management Society Conference.

Global warming is leading to such severe storms, droughts and heat waves that nations should prepare for an unprecedented onslaught of deadly and costly weather disasters, an international panel of climate scientists said in a new report issued Wednesday.

When it comes to providing information to senior financial executives, risk managers need to understand the importance of speaking the language of the treasurer and CFOand not the language of risk and insurance. They also need to understand the importance of using broker information and assistance appropriately.

Brokers fully understand the important supporting role they play in helping risk managers prepare reports and presentations to senior financial management.

The NAIC's decision to study whether stop loss model laws should be modified to account for inflation is a potential critical issue for the risk retention industry, an industry lawyer says.