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America’s Safest Driving Cities
Winter weather has yet to appear in many parts of the country, but it’s on its way. When factoring rainy or snowy conditions into collision frequency, however, some cities are safer than others in many...
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Stay Safe: Prevent Holiday Fires
Each year during the holiday season, hospital emergency rooms in the United States treat about 10,800 people for injuries such as falls, cuts and shocks related to holiday lights, decorations and...
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Pemberton Named 2016 RIMS President
RIMS today announced that Julie Pemberton will lead the organization as president for the 2016 term, effective Jan. 1. Pemberton is director of enterprise risk and insurance management for Outerwall...
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Close of 2015 Sees More Rate Reductions
Insurers’ competition and ongoing fight for market share resulted in a composite rate down 4% in December for the U.S. property and casualty market. But while market cycles are here to stay, the...
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U.S. Sues VW
The U.S. Justice Department on Monday sued Volkswagen in federal court in Michigan for illegally installing faulty emission control devices in about 600,000 vehicles. The lawsuit, filed on behalf of...
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Rules Needed for Office Lottery Pools
With the current Powerball Jackpot estimated at $1.4 billion, the highest amount ever, people everywhere are lined up to buy tickets—and making plans for their winnings. The odds of winning Powerball,...
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Captive Regulators Disappointed in New FHFA Rule
A final rule released by the Federal Housing Finance Agency (FHFA) amended its regulation on Federal Home Loan Bank (FHLB) membership to specify that captive insurance companies can no longer be used...
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Time for Post-Storm Claims Filing
Record-breaking Storm Jonas, which struck a large portion of the East Coast last weekend, was yet another reminder to have property insurance policies up to date and be familiar with claims...
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Sentencing Begins in 2014 W.Va. Chemical Spill Disaster
Robert Reynolds, a former environmental consultant at a chemical distributor was sentenced to three years’ probation and fined $10,000 for a 2014 chemical spill in West Virginia that polluted the...
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Competition Drives Commercial Rates Down 4% in January
The composite rate for property and casualty business placed in the United States measured minus 4% in January. Rates dropped from minus 2% in December 2015 to minus 5% in January 2016, MarketScout...
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NYC Crane Collapse Part of a Troubling Trend
Last week’s crane collapse in Lower Manhattan, which killed one person and injured three others, has heightened focus on crane safety, resulting in stricter rules for operators. The 565-foot crane...
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Driverless Cars Not a Concern, Allstate Says
Driverless cars are becoming more of a reality, with testing in full swing by Google and others, and software upgrades underway for existing models of Tesla cars. One industry that will be impacted by...
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Internal Audit Role Expanding Further into Risk Areas
With more companies focusing on enterprise risk management and strategic risk, the role of internal auditors is being expanded to include risk identification and risk management, a study by the...
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Little Movement in February P&C Rates
Commercial property and casualty rates in the United States remained flat in February, with small changes in some lines compared to the previous month. The composite rate remains at minus 4%, according...
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Building Resilience, City by City
With escalating risks and uncertainty around the globe, cities are challenged with understanding and circumventing those risks to stay vital. Much as in the business world, municipalities are moving...
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NFL Admits Game’s Link to Concussion Risk
After years of denying that the game of football could have caused degenerative brain disease in some players, the National Football League has finally admitted there is a link connecting the game to...
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Top Board and C-Suite Risks for 2016
Regulatory changes, economic conditions and cyberthreats are the top concerns of board members and company executives this year, according to a new enterprise risk management survey. U.S.-based...
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Weakened Competition Moderates U.S. Commercial Rates
Competition in the U.S. commercial insurance market was checked in March with the composite rate index showing slightly decreased price-cutting after three consecutive months at minus 4%, according to...
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Can You Spot a Liar?
SAN DIEGO—Just to be clear, we’re all liars. What’s more, the better we think we are at spotting a lie, the worst we are in reality, lying expert Pam Meyer is quick to point out. Meyer, certified...
View ArticleCyber, Regulation Seen as Top Emerging Risks, Report Finds
SAN DIEGO—Forecasting risk is not expected to get easier in the next three years, with cyberattacks and regulation topping the list of emerging risks, according to a new report published jointly by...
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