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PERSPECTIVES: How to be successful in today's risk management environment

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...

PERSPECTIVES: Nor'easter Athena plus Superstorm Sandy equal major coverage disputes

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.

PERSPECTIVES: Libor scandal consequences may not be as bad as first feared

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.

PERSPECTIVES: The surplus lines industry remains divided under NRRA

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.

PERSPECTIVES: U.K. insurance law changes may give risk managers more power

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...

PERSPECTIVES: Claims-made liability policies hinge on definition of a 'claim'

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....

PERSPECTIVES: Controlling the risks of green design

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...

PERSPECTIVES: Return-to-work programs can boost hospital productivity

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...

PERSPECTIVES: D&O insurance a priority for Chinese firms working in U.S.

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...

PERSPECTIVES: Public entity risk manager must do more with less

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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Business Insurance accepts articles from experts in commercial insurance, risk management and employee benefits management for publication in its Perspectives section. The section is intended to be a forum for readers’ opinions and a forum for the discussion of technical topics that do not lend themselves to news stories. Interested in submitting a Perspective article for publication? Download our Perspective guidelines.