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RIMS
Confusion, frustration common to BI claims can be lessened: RIMS survey
April 26, 2017 Angela StelmakowichPHILADELPHIA – Quantifying business interruption losses continues to be a big challenge, reported by almost six in 10 RIMS members taking part in a recent survey, but a well-conceived approach by risk managers can help to clear any hurdles. “By…
Known, hidden risks in supply chains demand an overall strategy for evaluating and mitigating risk: QBE
April 26, 2017 Angela StelmakowichPHILADELPHIA – The multitude and variety of risks are becoming more predictable, indicating multinational and domestic companies can benefit from taking a look at how global interdependence affects each link of their supply chain, says Jamie Luce, senior vice president,…
Common language holds promise of advancing risk management efforts: Seaman
April 24, 2017 Angela StelmakowichPHILADELPHIA – Risk managers are developing a language that translates worldwide, an advance that bodes well for both the profession and the organizations risk professionals are serving, RIMS president Nowell Seaman suggested during the opening session of the RIMS 2017…
Investments to fight cyber breaches must include technology, people and risk transfer: WTW cyber head
April 24, 2017 Angela StelmakowichPHILADELPHIA – Considering human risk is essential when determining how best to combat data breaches and associated costs, but the human element is routinely overshadowed by technology in organizational efforts to bolster cyber security, says Anthony Dagostino, global head of…
RIMS supports charity in its fight against childhood cancer
April 23, 2017 Angela StelmakowichPHILADELPHIA – RIMS, the risk management society, has announced that Alex’s Lemonade Stand Foundation (ALSF) is the beneficiary of the society’s 2017 Community Service Day Project, sponsored by ESIS. The project, which this year focuses on combating childhood cancer, is…
Crawford & Company reception, RIMS Annual Conference and Exhibition, April 22, 2017
April 22, 2017 by Canadian UnderwriterCanadian Underwriter was privileged to attend numerous other RIMS-associated functions, including a pre-conference cocktail reception presented by Crawford & Company at Philly’s Brick and Mortar gastropub on April 22.
Organizations considering standalone cyber coverage should evaluate risk profile to see if traditional policies are adequate: RIMS
March 24, 2017 by Canadian UnderwriterOrganizations considering standalone cyber coverage should carefully evaluate their risk profile and determine whether more traditional policies provide adequate coverage, suggests a newly released report from RIMS, the risk management society. The report, authored by Teri Cotton Santos, a member…
To the Letter
March 1, 2017 Steve Pottle, Treasurer, RIMS 2017 Board of Directors; and Director, Risk Management Services, York UniversityRisk professionals, likely the point persons on all things insurance, should have a solid grasp of reservation of rights letters to ensure that their organizations realize the full value of their insurance policies. Careful review of such letters is essential to avoid potentially costly and serious legal consequences.
Deconstructing Risk
March 1, 2017 Greg Meckbach, Associate EditorRisk management is really about applying common sense, suggests RIMS Canada Council chair Ren Lips, who has spent most of her career in risk and insurance within construction.
Understanding reservation of rights letters integral to risk professionals’ ability to protect firms, realize full value of insurance policies: RIMS
February 9, 2017 by Canadian UnderwriterUnderstanding, anticipating and properly responding to reservation of rights letters is integral to risk professionals’ ability to protect their organizations and realize the full value of insurance policies, according to a new report from RIMS. Released on Thursday, the RIMS…
RIMS names Canadian risk manager Nowell R. Seaman as 2017 president
January 3, 2017 by Canadian UnderwriterRIMS, the risk management society, announced on Tuesday that Nowell R. Seaman will lead the society as its 63rd president for the 2017 term, which became effective Jan. 1. Seaman, RIMS-CRMP, FCIP, CRM, has been a member of RIMS for…
Insurer profitability, broker expertise key drivers of customer satisfaction in large commercial insurers in Canada and U.S.: J.D. Power study
December 5, 2016 by Canadian UnderwriterThe key variables driving overall commercial insurance customer satisfaction in Canada and the United States are insurer profitability and broker expertise, according to the J.D. Power 2016 Large Commercial Insurance Study. The survey, which provides an “independent and objective” measure…