risk management News

Swiss Re Risk Officer Says Uninsured Disaster Losses Are Growing

Natural catastrophes are growing more costly and uninsured losses are increasing, according to David Cole, chief risk officer of Swiss Re Ltd. “When they happen, they are more severe,” he said today at a presentation in Zurich. More losses occur …

Survey Reveals Directors’ Top Risk Management Concerns

The threat of regulatory investigations and inquiries, criminal penalties, along with anti-corruption legislation, are among the top concerns for directors and officers according to a new survey conducted by Willis Group Holdings, the global risk adviser and insurance broker, and …

Sentry Insurance Launches Mobile Claims Risk Management Application

Sentry Insurance, a national  mutual insurance company, released a mobile version of its risk management solution at the 2013 RIMS Annual Conference & Exhibition in Los Angeles. Sentry Insight Mobile provides an improved, customer-focused way for businesses to receive claims …

Kaplan University Announces New Insurance BA Degree

Kaplan University announced that its School of Business has added three new specialty areas within the Bachelor of Science in Business Administration degree program—risk management & insurance, real estate, and wealth management. Kaplan University seeks to prepare students to meet …

In2vate Named Roger Duffield President

On November 6, 2012, in2vate, a risk management company, named Roger Duffield CPCU, ARM, president. Prior to joining the company, Duffield was the director of claims and risk services at Christian Brothers Services, a long-time in2vate client that has administered …

The Griffith Foundation Educates 279 Teachers

The Griffith Insurance Education Foundation provided insurance education to 279 teachers through the Insurance Education Institutes. The purpose of the program is to enable junior high and high school teachers to become more effective in teaching risk management and insurance. …

Government, Industry Can Better Manage Risks of Rare Catastrophic Events

A Stanford University engineer and risk management expert has analyzed the phenomenon of government and industry waiting for rare catastrophes to happen before taking risk management steps. She concluded that a different approach to these events would go far towards …

Risk Management Changes Since Famed 1938 Skyball Catch

In 1938, Schaumberg, Ill.-based Zurich North America wrote public liability coverage for the record-setting “Skyball Catch” –where five professional baseball players attempted to catch a ball tossed from the top of a 708-foot tower (two were successful) –risk management has …

Cunningham Lindsey Up For Sale

Cunningham Lindsey, an insurance claims management company controlled by buyout firm Stone Point Capital LLC, is up for sale and could fetch more than $1 billion, sources familiar with the situation said. Bank of America Merrill Lynch is advising Cunningham …

Summer Festivals Pose Unique Risks to Insurers

Crowd control, stage collapse, and food safety – these are concerns facing carriers that insure summer festivals. In a recent interview with Claims Journal, Paul Holehouse, senior risk control consultant for Fireman’s Fund Entertainment, and Jerid Schmickle, director of underwriting, …