By: Henry Good and Jeff Triplette
Published November 14, 2012 - 11:56am CST
As seasoned risk managers retire, the industry needs to seek out and replace them. But CEOs continue to show they are not happy with their company's risk management function, and they want newcomers to well-trained and -groomed. Henry Good, formerly of Rohm & Haas Co. and now a principal of Global Strategic Insurance Risk Consulting, and Jeff Triplette of Triplette Advisors L.L.C. discuss the...
By: Stacy M. Andreas
Published November 13, 2012 - 12:14pm CST
A Nor'easter that combined with damage from Superstorm Sandy dealt a huge blow to the businesses along the Eastern Seaboard, causing business interruptions and property damage — and coverage disputes. Stacy M. Andreas, a partner at Lathrop & Gage L.L.P., discusses these problems.
By: Bernadette Dono And Kevin M. Mattessich
Published October 28, 2012 - 6:00am CST
Although the Libor scandal may have caused some financial institution insurers to fear the worst, so far it appears the consequences for claims may not be as bad as they at first feared, argue Bernadette Dono of Everest Specialty Underwriters and Kevin M. Mattessich of Kaufman Dolowich Voluck & Gonzo L.L.P.
By: David Ocasek
Published October 07, 2012 - 6:00am CST
Since the 2011 implementation of the Nonadmitted and Reinsurance Reform Act, two rival interstate agreements have been in a race for last place, says David Ocasek of the Surplus Lines Association of Illinois. The clear winner is no agreement at all.
By: Ian Lupson
Published September 02, 2012 - 6:00am CST
The United Kingdom is considering commercial insurance law changes that would strengthen risk managers' hands by making it more difficult for insurers to void coverage for innocent nondisclosure of information, says Ian Lupson, a partner in law firm Jones Day's London office. While an insurer still would be entitled to a fair presentation of the risk, a Law Commission proposal would in certain...
By: James R. Murray And Jared Zola
Published August 05, 2012 - 6:00am CST
Unlike the simple timing element required by occurrence-based liability insurance policies, claims-made liability policies are triggered when an insured receives notice of a claim. Insurers then often dispute whether the notice-triggering event constitutes a “claim” at all. And there is no nationwide consensus in the courts. James R. Murray and Jared Zola of the Dickstein Shapiro L.L....
By: Charles W. Kopplin and Glen R. Mangold
Published July 24, 2012 - 2:01pm CST
There are plenty of green organizations setting design criteria as well as certifying buildings and products for remodeling and new construction and remodeling projects. The additional design criteria imposed by a green organization could raise a client's expectations regarding the performance of the project as well as the standard of care used during the design process. All this increases the...
By: Kristin Tugman
Published June 24, 2012 - 6:00am CST
With 24/7 operations and diverse staffs, hospitals need to be as fully staffed as possible at any given time. So when it comes to handling employee absences—especially those of nurses—due to disability, a transitional return-to-work program is essential. Kristin Tugman, senior director of health and productivity development for disability insurer Unum, discusses best practices for...
By: Mark S. Hersh
Published June 17, 2012 - 6:00am CST
he number of U.S. securities lawsuits involving reverse mergers of Chinese companies into U.S. shell companies has made headlines in the past couple of years. And with more Chinese companies listing their securities on U.S. exchanges, the potential for more lawsuits has grown. Mark Hersh, a partner at Reed Smith L.L.P., discusses what kind of insurance coverage directors and officers of Chinese...
By: Bradley York
Published June 03, 2012 - 6:00am CST
The role of today's public entity risk manager is challenged by the effects of the economic downturn, but the job may be more necessary than ever. Public entity risk managers should continue to be proactive in searching for improvement opportunities, says Bradley York, vp of business development for OneBeacon Government, who outlines pitfalls and strategies unique to government bodies.
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