Public Sector Risk

Global natural catastrophes have made 2011 the highest loss year on record after just the first six monthscreating opportunities for risk managers to review coverage and issues such as supply-chain disruption, according to an industry expert.

With the global climate expected to rise 4 degrees Celsius rather than the projected 2, adaptation and resiliency are mandatory for the survival of vulnerable populations, according to experts here.

The NFPA released its annual report detailing national fire trends and the resultant fatalities and property losses.

The risks being taken by students today make football look blas, says Shirl Hedges, underwriting manager for schools at Philadelphia Insurance Cos. On the activity list these days: survival weekends, rock climbing, bronco bull riding and flying to a field-trip destination in a parents private airplane.

Carrier executives, brokers, catastrophe modelers and risk managers talk to NU about how the industry has changed in the 10 years since 9/11.

Even with the best risk management plans in place, including a backup generator and two sump-pumps in the basement, some things just cant be anticipated. This is the main lesson from Hurricane Irene.