Corporate Risk

Because there is no single process appropriate for every board and every company, it is the joint responsibility of the board’s risk leader and CEO to involve the overall board in the ongoing processes of strategic planning and risk management, according to the Canadian Institute of Chartered Accountants (CICA).

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 the RIMS Standards & Practices Committee.

In the world of auto physical damage claims, we need to focus our attention on some less obvious areas that will be influenced by spiking oil prices.

As the price of copper and unemployment rates rise, theft of copper and other metals looms large for insurers and risk managers.

While it’s important to celebrate the centennial of the workers’ compensation system, I’d be remiss in not considering the considerable challenges facing insurers and risk managers in the years and decades to come.

Several Florida-based building-supply companies, most prominently Banner Supply Co., have filed a lawsuit against a Chinese drywall manufacturer for making false claims about the safety of the product.