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If you should find yourself stranded on a remote island, adopted by a primitive tribe that is fighting for its survival against other competing tribes, there are a few things [...]

Over the past year, corporations have been revaluating their relationships with their insurance brokerage firms. This has often led to a decision to request competitive proposals. Properly conducted, a request [...]

Our entire frame of reference was the island. We spoke of the best school on the island; the best team on the island; the best restaurant on the island. Our [...]

Business insurers, by not recognizing changes that have occurred in industries and the risks industries face, risk becoming irrelevant. Insurers can perhaps most effectively initiate changes at the catastrophic coverage level. At that level, insurers can address three risk categories: exposures that are insurable but cannot be covered cost effectively at the primary level, traditionally uninsurable perils, and coverage for excess catastrophe exposure., How could anyone suggest that insurance is becoming irrelevant? Especially at a time when we continue to enjoy the benefits of coverage for losses arising out of the acceptance of [...]

Risk managers should manage their careers as any other risk, in the business climate of having to demonstrate a direct link between company profits and job function. Risk managers were plagued in the past by an overarching definition of their industry and by the overly big expectations it engendered. They should focus on the areas were they have expertise and can benefit the company most. The described comparative advantage analysis can help them locate such areas., A rather cynical individual once said that at the most fundamental level, all human relationships are based on mutual exploitation. That may seem a bit of an overstatement to those [...]

The virtual extinction of commercial terrorism insurance in the UK caused the government to fill the gap in 1993. The government-formed mutual insurer called Pool Re now offers property coverage at four different rates depending on the property's zoning. Competition within the market is limited because the program does not allow its members, which include most UK property insurance companies, to offer similar policies., During the past year and a half, amid the turmoil at Lloyd's, and with attention diverted by fires, floods, hurricanes and earthquakes, a species of insurance quietly became extinct. Commercial [...]

Byline: William J. Kelly Terrorism, pandemics and hurricanes are just a few of the dreaded disasters that have generated growing corporate interest in planning for the potential effects of these [...]

Motherhood, Apple Pie and Quality, who could possibly be against any of these things? We all want quality of life, quality time, quality as job one and the quality of [...]

three questions to ask to avoid the hype E-commerce, e-risks, e-gads! This title is intended to reflect the hype and hysteria so frequently heard in discussions of all things e. [...]

Choosing an insurance broker is one of the most important decisions a risk manager must make, And although there is no magic formula for making the right choice, here are [...]

There is growing hype and hysteria on the insurance implications of the Year 2000 computer problem, with recent attention focused on property coverage. It's time for a calm assessment of [...]

'In organizations such as business corporations, financial institutions, universities and governments, the risks to be managed by the organization's risk manager have traditionally been the insurable ones, while executive management [...]

If this sounds familiar, you probably work for a company that has engaged the services of a management consulting firm. If not, it is only a matter of time. In [...]

Willis Corroon's Jim Davis erroneously reported the decline of risk managers as insurance brokers sought to provide corporate risk management services in an article in the Apr 18, 1994 edition of the National Underwriter. The truth is that core risk management functions can not be outsourced. Insurance brokers' business is being squeezed by the trend towards corporate risk managers eschewing brokers in favor of directly placing their own insurance coverage with insurance companies. Insurance brokers will survive in the future by reducing their overhead and improving their service to their clients., The Risk and Insurance Management Society Conference in New Orleans last month was one of the most sucessful national conferences in RIMS' history. But, strangely, the week of the RIMS [...]