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Ten independent judges from all sectors of the risk management profession and the insurance business selected the 1997 Business Insurance Risk Manager of the Year and the Risk Management Honor Roll.
Recipients of the awards, which Business Insurance presents annually to recognize excellence in risk management, are chosen by the 10 judges based on information provided in detailed nominations.
Nomination forms for the 1998 award are available from BI's Chicago office. Nominations must be submitted by Nov. 19.
The 10 judges for the 1997 awards were:
Brian D. Casey, director of risk management and loss prevention at Corning Inc. in Corning, N.Y.
Mr. Casey was the 1996 Business Insurance Risk Manager of the Year (BI, April 22, 1996).
Dennis H. Chookaszian, chairman and chief executive officer of CNA Insurance Cos. in Chicago.
He served as a judge for a second year, representing stock insurers.
Richard Corbett, professor in the Department of Risk Management and Insurance at Florida State University in Tallahassee.
He served on the panel for the first time, representing insurance educators.
Dwight E. Davis, president and chief operating officer of Wausau Insurance Cos. in Wausau, Wis. He served on the panel for the first time, representing mutual insurers.
Michael M. Kaddatz, a principal of ARM Tech in Lake Forest, Calif.
He served for the first time, representing risk management consultants.
Scott K. Lange, director of risk management for Microsoft Corp. in Redmond, Wash., and the 1995 Risk Manager of the Year (BI, April 24, 1995).
Craig S. Macdonald, director of risk management at the Bi-State Development Agency in St. Louis. Mr. Macdonald was a member of the 1996 Risk Management Honor Roll and represented government agencies.
John T. Lockton III, chairman and CEO of Lockton Cos. in Prairie Village, Kan.
He served on the panel for the first time, representing insurance brokers.
Sax Riley, CEO of Sedgwick Group P.L.C. in London. Mr. Riley served on the panel for a second year, representing insurance brokers.
Michael Tawney, vp-risk management/
loss control at Loomis Armored Inc. in Houston. Mr. Tawney was a member of the Risk Management Honor Roll in 1996 and represented companies with less than $300 million in sales.
"These are very talented leaders in their fields who agreed to score the nominations for the 1997 Risk Manager of the Year and Risk Management Honor Roll," said Kathryn J. McIntyre, publisher and editorial director of Business Insurance. "It is a substantial commitment of their time to the risk management community, for which we are very grateful," she added.
The judges scored each of the candidates on 10 criteria (see related story). The candidate with the highest score after the judging is completed is named Risk Manager of the Year. Then, the remaining nominees are separated by employment category:
Corporations with sales exceeding $300 million.
Corporations with sales of less than $300 million.
Tax-exempt or non-profit institutions.
Self-insurance funds and pools.
The highest-scoring candidate in each of the categories not represented by the Risk Manager of the Year is named to the Risk Management Honor Roll, subject to the judges' discretion.
This year the maximum of five nominees were named to the Risk Management Honor Roll.
"This is the first time that we have named five honorees to the Risk Management Honor Roll," Ms. McIntyre said. "It is a testament to the very high quality of candidates who were nominated for the Risk Manager of the Year Award, which now is 20 years old."
A candidate need not handle risk management functions full time, but he or she must be a full-time employee of the organization for which he or she directs the risk management program.
A candidate can be nominated by anyone familiar with the candidate's work. For example, any employee or group of employees may nominate the organization's risk manager. A broker, insurer, consultant or other service supplier can nominate a client. And a risk manager can nominate a colleague.
In addition to the completed nominating forms outlining the candidate's accomplishments, each nomination must include a letter from the sponsor nominating the candidate and a letter of endorsement by an executive of the candidate's organization, who may be the candidate's superior or any higher officer.
The letter must certify the accuracy of the information submitted in the nomination.
All nominations will be kept in the strictest confidence, with only the honored candidates' names announced.
"It's important to note that any risk manager anywhere in the world is eligible for the Business Insurance Risk Manager of the Year Award," Ms. McIntyre said. "Our award was never restricted to U.S.-based risk managers. Indeed, we have had a Canadian Risk Manager of the Year and named another Canadian to the Risk Management Honor Roll," she added.
Business Insurance created the Risk Manager of the Year award in 1977, on its 10th anniversary of publication, and presented the first award in 1978. The Risk Management Honor Roll was created in 1981 to recognize outstanding achievements in risk management in different types of employment categories.
To request a nomination form, please contact Karen Tucker, Assistant to the Publisher, Business Insurance, 740 N. Rush St., Chicago, Ill. 60611-2590; 312-649-5319