Business Insurance
http://businessinsurance.com/section/news06ERM for financial institutions topic of webinar
Enterprise risk management has become an important tool in helping financial institutions analyze and handle risks that hurt many banks and investment firms before and during the financial crisis, experts say.
This week's Top 10 features on BusinessInsurance.com
Find out which of this week's features on BusinessInsurance.com were the most popular.
With NATO in town, Chicago hospitals brace for bioterrorism
CHICAGO—While many downtown office workers worry about commuting headaches during the NATO summit, two Chicago hospital systems are prepared for far worse possibilities.
New York presents lowest risk for talent management: Aon Hewitt
New York ranked first as the city presenting the lowest risk for recruiting, employing and relocating employees, according to a new study by Chicago-based Aon P.L.C.'s human resource and employee benefits unit Aon Hewitt.
Midwest sees heavier, more frequent extreme storms: Study
A new study suggests that the number of extreme rain storms—those producing three inches or more of rain per day—have more than doubled in the Midwest over the past half century, often resulting in worsened flooding.
Catastrophe bond issues break record in first quarter: Study
The first quarter of 2012 was the most active quarter on record in the catastrophe bond market, according to data compiled by New York-based GC Securities, a division of MMC Securities Corp. and an affiliate of reinsurance brokerage Guy Carpenter & Co. L.
Internal audit at the crossroads
In this white paper, a group of risk management scholars and leaders suggests internal audit is at a crossroads.
Chicago extends coverage to add protection for NATO summit
CHICAGO—From the city's perspective on the upcoming NATO Summit, considerable time has been spent making sure the proper insurance coverage is in place, said James Raussen, managing deputy comptroller.
Chicago NATO Summit could mean trouble for local businesses
CHICAGO—As they prepare for the risks associated with next week's NATO Summit in Chicago, a common theme of property owners, risk management experts and others working with downtown Chicago businesses is that the necessary preparation largely comes...
88% of tech companies worried about supply chain disruptions: Analysis
A soon-to-be-released study indicates that supply chain interruptions and impediments remain among the top concerns for U.S. technology companies.
National Underwriter
http://www.propertycasualty360.com/Risk?f=rss
SNL: Insurers Should Brush Off Damage from JPMorgan Hedge Failure
The insurance industry held more than $1.1 billion of JPMorgan stock when the bank announced a trading loss of $2 billion on May 10, but most companies should escape any long-term fallout on their portfolios, reports SNL Financial.
U.S. Insurers Seek $300M Cat Bond Cover
American insurers Travelers Co Inc and United Services Automobile Association plan to raise about $300 million of protection against potential hurricane claims via a sale of catastrophe bonds, market sources said on Friday.
Top 5 Highest and Lowest Risk Cities in the World
Aon Hewitt recently released the 2012 People Risk Index, ranking 131 cities worldwide based on the risk that organizations within the cities face with recruitment, employment and relocation.
NATO Summit Has Chicago-Area Risk Managers Tuning-up Disaster Plans
Just in case this weekend’s NATO summit in Chicago leads to violence and rioting, as has happened in other cities hosting world leaders, at least one insurer is reminding risk managers to prepare for the worst and hope for the best.
The Right Stuff
Finding the right insurance carrier to help a company mitigate its Workers’ Comp costs is key, says Mary Beth Pittinger, vice president and executive underwriter of Workers’ Comp for the Chubb Group of Insurance Cos.
In Control: Strategies for Keeping a Lid on Workers? Comp Expenses
Controlling Workers’ Compensation costs is a process that needs to start at the very top: Those in the C-suite need to commit themselves to creating a zero-injury culture at their organizations, says Calvin Beyer, head of manufacturing for Zurich North America Commercial’s customer industry segments.
Easy Sailing for Bermuda Reinsurers During Q1, But Tides May Change
The sun shone on Bermuda’s reinsurers during the first quarter of 2012, but regulatory changes and cat losses still lurk in the water.
Cost-Control Case Study: Miami-Dade Public Schools
Creating best practices in Workers’ Comp for many insurers now means going beyond the basics, digging deep into their claims history, and “making manufacturing better at manufacturing Workers’ Comp.”
Carrot & the Stick: Chargebacks & Incentives
Two effective Workers’ Compensation cost-control strategies involve the carrot and the stick.
Cat Bond Market to Grow Despite 2012 Maturities
More than $2 billion in catastrophe-bond maturities are not expected to impact the overall size of the market, as new money coming in should keep the industry growing, a Guy Carpenter report says.