Public Sector Risk

Legislation introduced that would place significant restrictions on domestic insurers that cede reinsurance to their foreign affiliates is being strongly opposed by the Risk and Insurance Management Society, (RIMS), which it says could ultimately impact capacity.

Legislation introduced that would place significant restrictions on domestic insurers that cede reinsurance to their foreign affiliates is being strongly opposed by the Risk and Insurance Management Society, (RIMS), which it says could ultimately impact capacity.

Becoming more involved with and helping manage lawsuits would benefit both the professional standing of risk managersand their companies, according to industry experts.

In addition to the company profiles featured in the Aug. 22/29 issue of National Underwriter, the risk managers from these award-winning companies participated in a roundtable discussion at the Workers Compensation Educational Conference in Orlando. Heres what they had to say.

Jack McCalmon, president of The McCalmon Group Inc. in Tulsa, Okla. and partner at Titus Hillis Law Firm in Tulsa, advises risk managers to get involved early and often with their companys litigationand to lobby for settlements as the best cost-control strategy.

Cincinnati Insurance Companies and Selective Insurance Group collectively report close to $200 million in catastrophe losses for the third quarter of this year, a significant portion of which was cause by Hurricane Irene.