News Archive


Insights for Contract Drafters: New Report from IRMI Available in RIMS Resource Library12/9/2010


Risk Management in the Front Line: New Content from RIMS’ ERM Center of Excellence12/6/2010


New Foundation Study Points Public Affairs Professionals toward Enterprise Risk Management12/2/2010


RIMS CourseCast to Focus on Casualty Claim Handling Techniques11/15/2010


The Evolving Impact of Self-Insured Retentions and Deductibles – Exclusive Online Content from RM Magazine10/21/2010


Pace of Premium Decreases Slows, but Soft Market Presses on, According to RIMS Benchmark Survey™10/20/2010


RIMS and Ernst & Young Explore Text Analytics in Latest Installment of Risk Insights10/11/2010


RIMS and Ernst & Young Explore Text Analytics in Latest Installment of Risk Insights10/11/2010

White paper delves into techniques and tools for analyzing text data

NEW YORK (October 8, 2010) — Today the Risk and Insurance Management Society (RIMS) and Ernst & Young announced the release of Word Insurance: Integrating text analytics into your risk assessments, the latest installment of Risk Insights, their ongoing series of white papers. The paper offers practical guidance for synthesizing and clustering key points of information from unstructured or “text-based data,” which has historically been cumbersome.

RIMS Board Member to Address ERM at APICS 201010/5/2010


RIMS Ontario Chapter Awards Highest Risk Management Honor in Canada9/27/2010


RIMS Broadens Focus with Formation of Strategic and Enterprise Risk Practice9/21/2010


RIMS Board Member Receives Risk Innovation Award9/21/2010


RIMS President to Deliver Keynote Address at RMIA 20109/21/2010


RIMS to Co-Host CLM National Women’s Forum9/8/2010


Let the Buyer Beware on Broker Compensation9/7/2010


Creative Value Through Risk – Exclusive Online Content from RM Magazine8/25/2010


RIMS Offers All-New Website, Improves Navigation & Convenience of Content8/24/2010


July/August Issue of Risk Management Explores the Looming Hard Market8/3/2010


Developing a Winning Organization – Exclusive Online Content from RM Magazine7/23/2010


Commercial Insurance Premiums Still Under Pressure, According to the RIMS Benchmark Survey™7/22/2010


Commercial Insurance Premiums Still Under Pressure, According to the RIMS Benchmark Survey™7/22/2010

An active hurricane season, however, could bring a swift end to the soft market.

New York (July 21, 2010) – Excess capacity in the commercial lines insurance marketplace continued to keep  premiums under pressure during the second quarter of 2010, according to the RIMS Benchmark Survey™, administered by Advisen Ltd. Risk managers reported decreases in average renewal premium of between 2.5 and 3.8 percent for property, general liability, directors & officers liability (D&O) and workers’ compensation insurance.

RIMS Disappointed in Aon’s Decision to Resume Collecting Contingent Commissions7/21/2010


RIMS Disappointed in Aon’s Decision to Resume Collecting Contingent Commissions7/21/2010

NEW YORK (July 21, 2010) — Today, Aon Corporation, a leading global brokerage firm, issued a statement outlining its approach to market remuneration and contingent commissions. The firm has stated that it will accept various forms of compensation, which may include supplemental and/or contingent commissions in areas of the world where it is legally permissible. The Risk and Insurance Management Society, Inc. (RIMS) maintains its opposition to the practice of collecting contingent commissions and is disappointed in Aon’s decision.

“RIMS urges Aon to join other large brokers in agreeing not to accept contingent commissions,” says Scott Clark, RIMS secretary and director of RIMS External Affairs Committee and Risk and Benefits officer for Miami-Dade County School Board. “Ultimately, we would like to see the insurance industry as a whole adopt practices that place the broker in a position that best serves purchasers of insurance.”

RIMS has always maintained the position that contingent commissions should be universally banned and views Aon’s intentions as a step backwards with regard to the level of service it provides to its clients. RIMS will continue to call upon all brokers to refrain from accepting contingent commissions, as they pose an inherent conflict of interest and interfere with the relationship of trust between the broker and insurance consumer, regardless of the nature of the client or the intermediary. .

RIMS will continue to work closely with all parties on the issues of producer compensation and disclosure.    

 


RIMS Maintains Opposition of New Insurance Tax7/14/2010


RIMS Maintains Opposition of New Insurance Tax7/14/2010

RIMS maintains tax on foreign-based insurance companies will have crippling effect on consumers

NEW YORK (July 14, 2010) — The Risk and Insurance Management Society, Inc. (RIMS) today announced its continuing opposition to any effort to move forward legislation that would increase taxes on foreign-based insurance companies and, therefore, the cost of insurance to its members. 

Avoiding the Pitfalls of Certificates of Insurance (Exclusive Web Content from RM Magazine)7/13/2010


30th Anniversary Edition of RIMS Benchmark Survey™ Book Now Available7/9/2010


Risk Managers Enjoyed Highly Competitive Market for Insurance in 2009, According to 30th Anniversary Edition of RIMS Benchmark Survey™ Book7/8/2010

NEW YORK (July 8, 2010) — Marking the 60th anniversary of the Risk and Insurance Management Society, as well as the 30th anniversary of the RIMS Benchmark Survey™, the 2010 RIMS Benchmark Survey™ book is now available.

RIMS Applauds Conclusion of Financial Reform Negotiations6/28/2010


RIMS Applauds Conclusion of Financial Reform Negotiations6/28/2010

NEW YORK (June 28, 2010) —The Risk and Insurance Management Society, Inc. (RIMS) is pleased to see that following two weeks of negotiations, members of the House and Senate have reached an agreement on the most comprehensive overhaul of the nation’s banking system in decades. The House and Senate are expected to approve the conference report next week.

Risk Management to Offer Exclusive Online Content6/16/2010


June Issue of Risk Management Now Online6/3/2010


RIMS and Ernst & Young Take on Captives in Risk Insights5/24/2010


RIMS and Ernst & Young Take on Captives in Risk Insights5/24/2010

White paper explores the risks and benefits of forming a captive

NEW YORK (May 24, 2010) — The Risk and Insurance Management Society (RIMS) and Ernst & Young announce the release of Thinking of Forming a Captive? Don’t Get Caught Short, the latest installment of Risk Insights, their ongoing series of white papers. The paper weighs the pros and cons of forming a captive and guides the risk professional through the evaluation process.

Ocean Cargo: Risky Business, A New Webinar from RIMS5/7/2010


May Issue of Risk Management is Now Online5/5/2010


Firms Must Navigate Roadblocks Impeding Strategic Risk Management4/30/2010

Marsh-RIMS Survey finds strategic risk initiatives slowed by silos Divergent views on ERM and risk management priorities

NEW YORK, April 27, 2010 – Companies with strategic risk management can reap benefits in such areas as development of business strategy, regulatory compliance, and improved communication about risk across the organization. However, they often must first hurdle internal barriers.  That is one of the conclusions of a new survey, Elevating the Practice of Strategic Risk Management, released today Marsh and the Risk and Insurance Management Society, Inc. (RIMS) during the “Excellence in Risk Management VII” session at RIMS’ 2010 Annual Conference. 

RIMS Presents Highest Industry Honors at 2010 Annual Conference & Exhibition4/26/2010


Elevating the Practice of Strategic Risk Management: Excellence in Risk Management VII4/22/2010


RIMS to Release Executive Report: Emerging Risks and Enterprise Risk Management4/22/2010


RIMS 2010 Community Service Day to Promote Literacy4/22/2010


RIMS 2010 Community Service Day to Promote Literacy4/22/2010

Volunteers to build and stock bookshelves as part of RIMS’ fourth annual Community Service Day.

NEW YORK (April 22, 2010) — Over 100 attendees and exhibitors at the Risk and Insurance Management Society (RIMS) 2010 Annual Conference & Exhibition will gather on Sunday, April 25 from 8:30 a.m. to 3:00 p.m. at the Boston Convention and Exhibition Center to build and stock bookshelves that will be donated to two local Boston organizations.

RIMS to Release Executive Report: Emerging Risks and Enterprise Risk Management4/22/2010

Risk managers called upon to examine emerging risks.

NEW YORK (April 22, 2010) — The Risk and Insurance Management Society, Inc. (RIMS) today announced that it will release its latest executive report, Emerging Risks and Enterprise Risk Management, at RIMS 2010 Annual & Conference & Exhibition in Boston. The report calls for risk managers to address the potential challenges created by the existence and development of emerging risks in order to protect and generate opportunity for their respective organizations.

Unyielding Soft Market Continues to Chisel Away at Insurance Premiums, According to RIMS Benchmark Survey™4/15/2010

Risk managers are benefitting from lower premiums, but looming catastrophe losses could portend a turn in the market.

NEW YORK (April 15, 2010) — Now in its seventh year, the soft market shows few signs of loosening its grip on commercial insurance pricing, according to the RIMS Benchmark Survey™, administered by Advisen Ltd. Average premiums in every line tracked by the Survey fell in the first quarter. However, forecasts for an above-average hurricane season may signal rising premiums on the horizon.

RIMS 2010 Annual Conference & Exhibition to Address Climate Change and Contingent Commissions4/1/2010


April issue of Risk Management is biggest issue of the year - Now online!4/1/2010


RIMS 2010 Annual Conference & Exhibition to Address Climate Change and Contingent Commissions4/1/2010

World’s largest gathering of risk professionals takes place April 25-29 in Boston

NEW YORK (April 1, 2010) — The Risk and Insurance Management Society, Inc. (RIMS) will host its Annual Conference & Exhibition at the Boston Convention & Exhibition Center, April 25-29, 2010. Contingent commissions, climate change, crisis management, global risk and pending legislation, dubbed the “Shareholder Bill of Rights,” will be just a few of the many topics covered in the 120+ sessions covering critical risk management issues.

RIMS Responds to Marsh Position on Contingent Commissions3/29/2010

NEW YORK (March 29, 2010) — Last week, Marsh, a leading global brokerage firm, issued a statement outlining its approach to market remuneration and contingent commissions in the U.S. The firm has stated that it will refrain from accepting contingent commissions in transactions with U.S. clients served by its core broking operations, but will continue to accept enhanced commissions and fees for services from insurers. Additionally, the Marsh & McLennan Agency LLC and Marsh Consumer’s affinity, sponsored program and personal lines businesses will accept contingent commissions.

RIMS Hosts 2nd Annual California RIMS on the Mall3/23/2010


RIMS Supports Restoring American Financial Stability Act of 20103/23/2010

New measure to promote greater efficiencies in the insurance marketplace

NEW YORK (March 23, 2010) — The Risk and Insurance Management Society (RIMS) today announced its support for the Senate Banking Committee’s print, “Restoring American Financial Stability Act of 2010.” Offered by Sen. Christopher Dodd (D-CT), chairman of the Senate Banking Committee, the legislation would promote greater efficiencies in the insurance marketplace for commercial insurance consumers, as well as require consideration of enterprise wide risk for certain financial entities.

RIMS Supports Expansion of Liability Risk Retention Act3/11/2010


RIMS Supports Expansion of Liability Risk Retention Act3/11/2010

New measure to include commercial property insurance

NEW YORK (March 11, 2010) — The Risk and Insurance Management Society (RIMS) today announced its support of legislation that would amend and expand the Liability Risk Retention Act (LRRA) to include commercial property insurance.

RIMS and Ernst & Young Tackle FEMA Claims in Risk Insights3/10/2010

White paper addresses financial recovery from disasters through FEMA claims

NEW YORK (March 10, 2010) — The Risk and Insurance Management Society (RIMS) and Ernst & Young announce the release of Beyond Insurance: Financial Recovery from Disasters through FEMA Claims, the latest installment of Risk Insights, their ongoing series of white papers. Beyond Insurance guides risk professionals through the often arduous process of filing Federal Emergency Management Agency (FEMA) claims.

RIMS Announces Hot Topics at 2010 Annual Conference & Exhibition3/9/2010

Special sessions help risk professionals address solar risks and contingent commissions

New York (March 9, 2010) — The Risk and Insurance Management Society, Inc. (RIMS) today announced its Hot Topic sessions to be presented at RIMS 2010 Annual Conference & Exhibition, April 25 – 29 in Boston. Hot Topic sessions include:

Los Angeles to Host RIMS Annual Conference & Exhibition in 20133/9/2010

RIMS to bring world’s largest conference for risk professionals to LA

NEW YORK (February 8, 2010) — The Risk and Insurance Management Society, Inc. (RIMS) today announced that the RIMS Annual Conference & Exhibition will take place at the Los Angeles Convention Center in 2013, April 21 through 25. The event will be in its 51st year and attracts some 10,000 risk and insurance professionals who benefit from numerous educational sessions, keynote presentations, special events and an expansive Exhibit Hall.

March Issue of Risk Management Now Available!3/1/2010


RIMS Clarifies Statement on Broker Practices2/23/2010


RIMS Disappointed in Decision to Allow Resumed Contingent Commissions2/17/2010

New York Insurance Department and Attorney General’s decision to reinstate contingent commissions, not in the best interest of the insurance consumer.

NEW YORK (February 17, 2010) — The Risk and Insurance Management Society, Inc. (RIMS) today announced its dismay at a decision by the New York Insurance Department and Attorney General to allow the nation’s top insurance brokerage firms, Aon, Marsh, and Willis, to resume accepting contingent commissions. 

RIMS Celebrates 60 Years as Risk Management Industry’s Preeminent Association2/17/2010

NEW YORK (February 17, 2010) — This year marks the 60th anniversary of The Risk and Insurance Management Society, Inc. (RIMS). Since its inception in 1950, RIMS has actively advocated for risk managers by developing pertinent educational programming, lobbying for effective policy, fostering a community of risk managers and offering students of the discipline opportunities to pursue careers in the field.

RIMS Objects to New York Insurance Department’s Final Producer Compensation Regulation2/11/2010

NEW YORK (February 11, 2010) — The Risk and Insurance Management Society, Inc. (RIMS) today announced its disappointment with the New York Insurance Department’s final producer compensation regulation, with regard to both policy and process. The final regulation represents a 180 degree shift from previous versions, in terms of its commitment to consumer protection for renewals. It also contains diminished disclosure requirements for producers. Due to the substantive changes between the most recently published revision and the final rule, RIMS calls on the Department to reopen its public comment period for an additional 30 days. 

RIMS 2010 Publication Display Requests Now Available2/5/2010


RIMS Launches 60th Anniversary Homepage2/2/2010


Check out the January/February Issue of Risk Management!2/2/2010


RIMS Disappointed in Obama Budget Plan2/2/2010

NEW YORK (February 2, 2010) — The Risk and Insurance Management Society, Inc. (RIMS) today expressed its deep concern with two proposals detrimental to commercial insurance consumers in the just released Obama Administration’s budget blueprint.

RIMS Joins Haiti Relief Effort1/21/2010


Year Closes with No End in Sight to Soft Commercial Insurance Market, according to RIMS Benchmark Survey™1/13/2010


Year Closes with No End in Sight to Soft Commercial Insurance Market, according to RIMS Benchmark Survey™1/13/2010

Risk managers continue to enjoy favorable insurance prices, but brokers struggle with declining revenues.

NEW YORK (January 13, 2010) — Commercial insurance buyers saw premiums continue to tumble in the fourth quarter, with few signs that that the soft phase of the pricing cycle is near its end, according to the RIMS Benchmark Survey™, administered by Advisen Ltd. The survey tracks changes in insurance policy renewal prices as reported by North American corporate risk managers. Directors and officers liability (D&O), general liability and workers compensation all posted decreases in average premium, while property once again held steady.

RIMS Announces 2009 Membership Award Winners1/5/2010

RIMS Chapter membership grows despite depressed economy

NEW YORK (January 5, 2010) — The Risk and Insurance Management Society (RIMS) today announced the winners of the 2009 Membership Star and SuperStar awards. Initiated in 2008 to acknowledge chapters with exceptional growth rates, Star Awards are bestowed upon those chapters with growth rates of at least 6 percent but less than 9 percent, while SuperStar Awards are granted to those chapters with growth rates of 9 percent or more.

RIMS Announces 2010 President and Board of Directors12/21/2009


RIMS Announces 2010 President and Board of Directors12/21/2009

NEW YORK (December 21, 2009) — The Risk and Insurance Management Society, Inc. (RIMS) today announced that Terry Fleming will take the helm as president for the 2010 term, effective January 1. Fleming is director of the division of risk management for Montgomery County, Maryland.

RIMS members save $300 on 2010 Enterprise Risk Management: Retooling the Discipline12/8/2009


December Issue of Risk Management Features the Magazine’s Annual “Year in Risk”12/4/2009


RIMS Supports Federal Insurance Office Legislation12/3/2009


RIMS Supports Federal Insurance Office Legislation12/3/2009

House Financial Services Committee Passes H.R. 2609

The Risk and Insurance Management Society, Inc. (RIMS) today announced its strong support of legislation that would form the nation’s first federal office of insurance. The proposed office would be the first centralized authority on insurance matters and would enable the federal government to gain an insurance expertise as well as speak with one voice on international insurance policy. H.R. 2609, an amendment in the nature of a substitute, largely reflects the efforts of the Administration and Insurance Subcommittee Chairman Paul Kanjorski, D-Pa, but also enjoys broad-based bipartisan support. RIMS also views the legislation as a precursor to the Society’s long-held support of an optional federal charter for commercial property and casualty insurers and reinsurers.

Keynote Speaker Lineup Announced for RIMS 2010 Boston11/16/2009


RIMS Announces Keynote Speaker Lineup for RIMS 2010 Boston11/16/2009

RIMS 2010 Annual Conference & Exhibition to feature speaker powerhouse that includes Fortune 500 CEO, New York Times best-selling author & innovative entrepreneur

NEW YORK (November 16, 2009) —The Risk and Insurance Management Society (RIMS) today announced its three keynote speakers for RIMS 2010 Annual Conference & Exhibition, taking place April 25-29 in Boston. They include Gary Loveman, chairman, CEO and president of Harrah’s Entertainment, Inc.; Nassim Taleb, professor of risk engineering at the Polytechnic Institute of New York University and principal at Universa Investments; and Rebecca Ryan, founder of Next Generation Consulting.

RIMS Remembers Samantha Cohn11/4/2009


November Issue of Risk Management Now Available!11/3/2009


RIMS Publishes Executive Report on Insurance Broker Compensation10/14/2009

Risk managers called upon to demand higher standards of independence and disclosure

NEW YORK (October 14, 2009) — The Risk and Insurance Management Society, Inc. (RIMS) today announced that it is releasing its executive report, “A Practical Guide to Insurance Broker Compensation and Potential Conflicts of Interest for the Risk Manager.” The report calls for complete transparency and full disclosure of all revenue streams associated with the placement of insurance products, and serves as a guide to assist risk managers in understanding insurance broker compensation and potential conflicts of interest.

3Q RIMS Benchmark Survey Now Available10/7/2009


RIMS Supports Mandated Risk Committees10/7/2009

Proposed committees will decrease likelihood of a future financial crisis

NEW YORK (October 7, 2009) — The Risk and Insurance Management Society, Inc. (RIMS) today announced its strong support for the creation of “risk committees” for publicly traded companies. The formation of such committees represents the direct involvement of an organization’s board of directors in the oversight of the risk management process, and is part of an overall strategy to reduce the likelihood of a future financial crisis.

As Insurers’ Profits Plunge, Risk Managers Reap Benefits from a Competitive Market, According to RIMS Benchmark Survey™10/7/2009

Rising premiums are on the horizon, but the recession continues to delay their arrival.

New York (Oct. 7, 2009) – Profits are sharply lower and tens of billions of dollars have been wiped from their balance sheets, but insurers continue to renew commercial property and casualty insurance programs at deeply depressed rates, according to the RIMS Benchmark Survey™, administered by Advisen Ltd. The survey tracks changes in insurance policy renewal prices as reported by North American corporate risk managers. Commercial insurance buyers are benefitting from low prices due in part to the global economic recession, which has suppressed demand for insurance capacity, prompting underwriters to compete for diminishing premium dollars.

October Issue of Risk Management Magazine Now Available!10/5/2009


Fall 2009 RIMSCOPE is Now Available Online!9/24/2009


RIMS Rolls Out First-Ever Branded Ad Campaign9/21/2009


RIMS to Host Webinar on Medicare Secondary Payer Reporting9/17/2009


RIMS Ontario Chapter Awards Highest Canadian Risk Management Honor9/15/2009


RIMS Ontario Chapter Awards Highest Canadian Risk Management Honor9/15/2009

Winner of prestigious Donald M. Stuart Award announced at 2009 RIMS Canada Conference in St. John’s, Newfoundland and Labrador

New York, NY (September 15, 2009) — The Risk and Insurance Management Society, Inc. (RIMS) Ontario Chapter today presented the Donald M. Stuart Award to Janice McGraw, CRM, RF, manager of risk management and insurance at McGill University in Montreal. Presented at the 2009 RIMS Canada Conference in St. John’s, Newfoundland and Labrador, the award is widely recognized as Canada’s highest honor within the risk management field. The Donald M. Stuart Award has been bestowed annually since 1979 to acknowledge those Canadians who have made outstanding contributions in the field of risk management.

Arthur J. Gallagher & Co. Commits $100,000 to Spencer Educational Foundation9/14/2009

“Robert E. Gallagher and John P. Gallagher Scholarship” announced at Spencer Educational Foundation’s 30th anniversary gala

NEW YORK (September 14, 2009) — Serving to perpetuate the mission of Spencer Educational Foundation, Inc. (www.spencered.org), Arthur J. Gallagher & Co. has announced that it will donate $100,000 to fund the creation of the “Robert E. Gallagher and John P. Gallagher Scholarship.” The announcement was made at the Foundation’s 30th anniversary gala at The Waldorf=Astoria Hotel in New York City on September 10. The initiative will provide funding for students of risk management disciplines.  

RIMS Endorses Surplus Lines Legislation9/9/2009

House of Representatives makes insurance more available and affordable for consumers

NEW YORK (September 9, 2009) — The Risk and Insurance Management Society (RIMS) supports the Non-Admitted and Reinsurance Reform Act of 2009 (H.R. 2571), championed by Rep. Dennis Moore, D-Kansas; Rep. Scott Garrett, R-New Jersey; House Financial Services Chair Barney Frank, D-Massachusetts; and Ranking Republican Spencer Bachus, R-Alabama. Passed by the U.S. House of Representatives today, this important piece of legislation will streamline the regulation of non-admitted insurance and reinsurance, and improve the availability and affordability of insurance for commercial buyers.

RIMS to Host Pandemic Action Plan Webinar9/2/2009


Risk Management Magazine Features Military Risk Assessment Report9/2/2009


RIMS Webinar—Pandemic Plan of Action9/2/2009

The Risk and Insurance Management Society (RIMS) will host a webinar entitled Pandemic Plan of Action, on September 10 from 1:00-2:00 p.m. EST to provide perspective on the risks posed by pandemic influenza activity.  In the wake of the hype and misinformation that continues to surround the H1N1 pandemic, this webinar, moderated by Bill Coffin, publisher and editorial director of Risk Management magazine, will address specific action items risk managers can implement to improve their organizations’ resilience and manage exposure to liability both pre- and post-pandemic activity.  Panelists include Michael Keating, director of business continuity management at Navigant Consulting; Michael Liebowitz, director of risk management and insurance at New York University; and Joseph McMenamin, partner at McGuire Woods LLP.  The event is being sponsored by the RIMS Nevada Chapter.   

RIMS Canada Conference Convenes September 13-168/14/2009


RIMS Canada Conference Convenes September 13-168/14/2009

NEW YORK (August 14, 2009) — Climate change, enterprise risk management and insurer insolvency are three key topics to be explored at the 35th Annual RIMS Canada Conference on September 13-16, in St. John's, Newfoundland. Dubbed "Charting the Course-Navigating Your Risk," the conference is hosted by RIMS Newfoundland and Labrador Chapter. Online registration closes August 28.

RIMS Members: Financial Solutions Just a Click Away8/13/2009


New RIMS Committee Assists in Development of Risk Management Standards Internationally8/13/2009


New RIMS Committee to Assist in Development of Risk Management Standards Internationally8/13/2009

NEW YORK (August 13, 2009) — The Risk and Insurance Management Society, Inc. (RIMS) has formed a new committee to support the global risk management discipline. RIMS Standards and Practices Committee will enable the Society to increase its profile in the standards and practices arena and make it the primary resource in shaping and developing risk management standards. Wayne L. Salen, ARM, CHCM, CPSM, member of RIMS board of directors and director of risk management at Labor Finders International, Inc., serves as the first board liaison for the committee. The committee is chaired by Carol A. Fox, ARM, past chair of RIMS ERM Development Committee and senior director of risk management at Convergys Corporation.

RIMS Adds Credit Union and Financial Services to Robust Portfolio of Member Benefits8/13/2009

Financial solutions just a click away

NEW YORK (August 13, 2009) — The Risk and Insurance Management Society (RIMS) now offers its members the services of a full-fledged credit union and financial advisory to support them with a variety of commercial and personal financial solutions including real estate programs, loans and wealth management services.

RIMS to Host Hurricane Disaster and Recovery Webinar8/6/2009


RIMS Webinar—Disaster and Recovery: Preparing Your Business for Hurricane Season8/6/2009

The Risk and Insurance Management Society (RIMS) will host a webinar, Disaster and Recovery: Preparing Your Business for Hurricane Season, on Thursday, August 13, at 1:00-2:00 pm EST. This webinar, sponsored by Ernst & Young, will discuss what companies can do right now, and immediately after a hurricane or other disaster strikes, to expedite and optimize operational, business and financial recovery. Panelists include David B. Goodwin, partner at Covington & Burling LLP; Nigel Henley, senior manager of insurance claims services practice at Ernst & Young; Polly E. James, manager of risk analysis and control at General Motors; and Allen Melton, partner and Americas leader of insurance claims services practice at Ernst & Young.


RIMS Western Regional Conference to Convene on September 22-258/5/2009


RIMS Western Regional Conference to Convene on September 22-258/5/2009

Early bird registration closes August 21

NEW YORK (August 5, 2009) — Top executives from Aon Risk Services and Marsh will address the current state of the insurance market and how companies can save money and look to alternatives to transfer and finance risk at RIMS Western Regional Conference on September 22-25 in Seattle, Washington. Risk managers will hear from Eric Andersen, CEO, ARS - U.S. Retail, Aon Risk Services and Joe McSweeney, president, U.S. & Canada Operations, Marsh discuss new and creative solutions to manage risks through an economic downturn. The conference, tagged "Fresh Ideas, Market Choices and Sound Decisions," is hosted by RIMS Washington Chapter. The deadline for early bird registration is August 21.

Risk Management Magazine Features Captive Domicile Review8/3/2009


RIMS Opposes H.R. 34247/31/2009


RIMS Opposes Legislation to Increase Tax on Non-U.S. Reinsurers7/31/2009

NEW YORK (July 31, 2009) — The Risk and Insurance Management Society (RIMS) reiterated its opposition to legislative efforts disallowing the tax deduction for reinsurance premiums paid to foreign affiliates by domestic insurers. The legislation, H.R. 3424, was reintroduced by Rep. Richard Neal, D-Mass., a senior member of the U.S. House of Representatives Committee on Ways and Means and chair of the House Subcommittee on Select Revenue Measures.

Illinois Decision to Allow Contingent Commissions Disappoints RIMS7/29/2009


RIMS Disappointed in Illinois Decision to Allow Contingent Commissions7/29/2009

NEW YORK (July 29, 2009) — The Risk and Insurance Management Society (RIMS) is disappointed with the decision taken by the Illinois Attorney General and the Illinois Department of Insurance to allow Arthur J. Gallagher & Co. to begin accepting contingent commissions. RIMS has consistently stated that contingent commissions should be broadly prohibited as they represent an inherent conflict of interest. The investigations, admissions and fines that culminated in the agreement signed by some brokers in 2005 prove that these practices can be, and were, manipulated to the detriment of the insurance consumer.


Second Quarter RIMS Benchmark Survey Shows Commercial Insurance Premiums Under Pressure7/28/2009


Recession Keeps Commercial Insurance Premiums Under Pressure, According to RIMS Benchmark Survey™7/28/2009

However, depletion of insurance capacity signals rising commercial insurance rates

NEW YORK (July 28, 2009) — Despite poor financial results, insurance companies continued to compete vigorously for business in the second quarter, according to RIMS Benchmark Survey™, the industry's leading survey of policy renewal prices as reported by North American corporate risk managers. General liability and workers' compensation policies both posted average decreases in renewal premiums. Directors and officers liability (D&O) policies renewed at higher premiums on average, but the increase was due to financial sector companies, a segment that has been bloodied by the subprime mortgage meltdown and credit crisis. Property policies renewed at essentially no change.

Spencer Educational Foundation Launches New Website with Professional Networking Tools7/27/2009


Spencer Educational Foundation Debuts Redesigned Website and Networking Tools7/27/2009

NEW YORK (July 27, 2009) — Spencer Educational Foundation, Inc. today unveiled its new website, www.spencered.org. The newly designed site provides professional networking opportunities for students studying risk management and insurance, and offers a convenient way for students to interact with risk practitioners. On the site, users can create and manage profiles, form special interest groups, participate in online discussions, explore scholarship and grant programs, learn about upcoming events and make a donation.


“Building an Enterprise Approach to Risk and Performance” White Paper Now Available7/15/2009


RIMS and Marsh Release Excellence in Risk Management VI Report7/14/2009


Marsh-RIMS Report Finds More Firms Seeking Strategic Approaches to Manage Risk7/14/2009

Despite generally flat budgets, more than four in 10 U.S. businesses are planning changes to their risk management programs this year. The challenges posed by the global economic crisis and a desire for a more strategic approach to managing risk are driving the changes, along with the aim to reduce costs and gain a better understanding of complex and difficult-to-quantify exposures related to operations and strategy.

Call for Sessions: RIMS 2010 Annual Conference & Exhibition7/10/2009


Spencer Educational Foundation 30th Anniversary Fundraising Gala September 107/10/2009


Call for Sessions: RIMS 2010 Annual Conference & Exhibition7/10/2009

The Risk and Insurance Management Society (RIMS) is seeking risk experts and thought leaders to submit innovative ideas and topics for consideration on the program for RIMS 2010 Annual Conference & Exhibition in Boston on April 25-29. The deadline to submit a program suggestion is July 17.

Spencer Educational Foundation 30th Anniversary Fundraising Gala Sept. 107/10/2009

In celebration of its support of risk management education for 30 years, Spencer Educational Foundation, Inc. announced a special fundraising dinner gala to be held September 10 at the Waldorf=Astoria® in New York City.


RIMS Expresses Disappointment in Response to Revised New York State Producer Compensation Regulation7/9/2009


RIMS Expresses Disappointment in Response to Revised New York State Producer Compensation Regulation7/9/2009

The Risk and Insurance Management Society (RIMS) has expressed serious concerns about the New York State Insurance Department’s most recent proposed producer compensation regulation, which was issued yesterday. RIMS views the revisions to the original proposed regulation as a significant retreat from the regulation’s premise of protecting the rights of insurance consumers.

Florida RIMS Educational Conference to Address Recession7/1/2009


Florida RIMS Educational Conference to Address the Recession7/1/2009

Today’s economic challenges and leadership techniques are two of the topics to be addressed at the 34th annual Florida RIMS Educational Conference on July 28-August 1 in Naples. More than 500 risk management professionals are expected to attend. The conference is hosted by all seven RIMS Florida chapters. The deadline to register online is July 20.


RIMS Announces Northern Nevada Chapter6/30/2009


RIMS Announces Northern Nevada Chapter6/30/2009

Society boasts 81 chapters worldwide

NEW YORK (June 30, 2009) — Risk professionals in Northern Nevada now have easy access to a Risk and Insurance Management Society (RIMS) chapter—RIMS Northern Nevada Chapter, headquartered in Reno.

RIMS Supports Senate's Surplus Lines Bill6/25/2009


RIMS Supports Senate's Non-Admitted and Reinsurance Reform Act6/25/2009

NEW YORK (June 25, 2009) — The Risk and Insurance Management Society (RIMS) supports the efforts of Sen. Mel Martinez, R-Fla., with original co-sponsors Sen. Evan Bayh, D-Ind., Sen. Bill Nelson, D-Fla., and Sen. Mike Crapo, R-Idaho, on reintroducing the Non-Admitted and Reinsurance Reform Act of 2009 to the U.S. Senate.

RIMS and IRMI Offer New Online Curriculum6/22/2009


New Online Curriculum to Help Risk Professionals Hone D&O and EPL Knowledge6/22/2009

RIMS working with IRMI on Management Liability Insurance Specialist program

NEW YORK (June 22, 2009) — The Risk and Insurance Management Society (RIMS) and International Risk Management Institute, Inc. (IRMI) have teamed up to offer the Management Liability Insurance Specialist (MLIS™) program for risk managers who want to enhance their skills in directors and officers (D&O), employment practices liability (EPL), fiduciary and other professional liability practices. The seven-course online program is available at www.RIMS.org/MLIS for an introductory rate of $69 per course. RIMS members receive a 10 percent discount.

RIMS Offers Free 30-day Job Postings Through June6/18/2009


RIMS Benchmark Survey™ Book: Total Cost of Risk Plummets in 20086/18/2009


Total Cost of Risk Plummeted in 2008, According to 2009 RIMS Benchmark Survey™ Book6/18/2009

Annual publication results help insurance buyers compare premiums, limits and retentions

NEW YORK (June 18, 2009) — Economic turmoil and the second worst year on record for insured natural catastrophe losses did not deter falling commercial insurance prices in 2008, according to the 2009 RIMS Benchmark Survey™ book, the annual guide to the cost of risk for commercial insureds in North America. Lower average premiums in almost every line of business contributed to a 9.4 percent drop in average total cost of risk (TCOR) per $1,000 of revenue.

RIMS on the Hill: The Lobbying Event of the Year!6/17/2009


RIMS President Among 100 Most Influential People in Finance6/15/2009


More than 60 Risk Managers Attend RIMS on the Hill Legislative Conference6/12/2009


Upcoming Marsh Webcast Features RIMS/Marsh Excellence in Risk Management VI Survey Findings6/10/2009


RIMS New Career Center Special: Free 30-day Job Postings6/3/2009


RIMS New Career Center Connects Risk Management Talent with Open Jobs6/3/2009

One month only economy special: Free 30-day job postings

NEW YORK (June 3, 2009) — Companies and recruiters can turn to the newly re-launched Risk and Insurance Management Society (RIMS) Career Center at www.RIMS.org/CareerCenter to fill open risk management positions. The upgraded website offers a multitude of resources for employers, recruiters and job seekers. And, in an effort to assist companies during the recession, RIMS is touting a special offer for the month of June—companies can post one job listing in RIMS Career Center free for 30 days—a savings of $130. Companies can post an open position at www.RIMS.org/JobBank by using reference code JBP09.

RIMS Buyer's Guide Connects Risk Professionals with Suppliers6/1/2009


Risk Management Magazine Focuses on the Issue of Water Scarcity6/1/2009


RIMS Launches New Buyer's Guide™6/1/2009

Online service connects risk professionals with suppliers

NEW YORK (June 1, 2009) — Risk professionals now have access to an extensive directory of industry-focused products and services in the newly re-launched Risk and Insurance Management Society (RIMS) Buyer's Guide™.

RIMS Hosts Webinar on How Risk Professionals Can Add Value to Their Organization5/28/2009


RIMS Webinar—How to Add Value to Your Organization as a Risk Professional5/28/2009

The Risk and Insurance Management Society (RIMS) will host a webinar, How to Add Value to Your Organization as a Risk Professional, on Wednesday, June 3, at 1:00-2:00 pm EST. This webinar, sponsored by RIMS Houston Chapter, will provide practical advice and tools to help risk practitioners gain visibility in their organizations and at the C-suite level. The webinar will be moderated by Richard J. Roberts, Jr., RF, ALCM, ARM, CPCU, member of RIMS board of directors and corporate risk manager at Ensign-Bickford Industries, Inc. Panelists include Eric Andersen, CEO of Aon Risk Services U.S.; Brian Dowd, vice chairman ACE Ltd. and ACE Group Holdings; and Edward Bertero, RF, CPCU, ARM, AIM, group vice president of risk management and insurance at Travelport Ltd.

RIMS Supports Surplus Lines Legislation5/21/2009


RIMS Supports Surplus Lines Legislation5/21/2009

NEW YORK (May 21, 2009) — The Risk and Insurance Management Society (RIMS) supports the efforts of Rep. Dennis Moore, D-Kansas, and Rep. Scott Garrett, R-New Jersey, on reintroducing the Non-Admitted and Reinsurance Reform Act of 2009 to the U.S. House of Representatives. This important legislation will provide much needed reform in the non-admitted and reinsurance markets.


Change is in the Air at RIMS on the Hill5/18/2009


Risk Management Magazine Rolls Out New Blog5/13/2009


Spencer Educational Foundation Elects Warren J. Mula to Board5/12/2009

NEW YORK (May 12, 2009) — Spencer Educational Foundation, Inc. has announced the appointment of Warren J. Mula to its Board of Directors.

RIMS Releases Second Influenza A(H1N1) Podcast5/5/2009


RIMS Podcast—Influenza A(H1N1) and Pandemic Plan of Action, Part Two: Business Continuity Issues5/5/2009

The Risk and Insurance Management Society (RIMS) has made available a podcast series, Influenza A(H1N1) and Pandemic Plan of Action, to provide risk practitioners with current information and practical advice to use during the Influenza A(H1N1) epidemic. In the second podcast, Business Continuity Issues, Bill Coffin, publisher and editorial director of Risk Management magazine, interviews Michael Keating, director of business continuity management at Navigant Consulting. They will discuss how to deal with misinformation within the government, what human resource challenges may surface and what legal issues related to pandemics can materialize in business interruptions.

Risk Management Magazine Features Demise of the Newspaper Industry5/4/2009


RIMS Issues Influenza A(H1N1) Virus Podcast Series5/1/2009


RIMS Endorses Brattle Group’s Report on Reinsurance Taxation5/1/2009


Influenza A(H1N1) Virus Update5/1/2009


Wall Street Journal Covers 'Perspectives on Managing Risk'5/1/2009


RIMS Endorses Brattle Group's Report on Reinsurance Taxation5/1/2009

NEW YORK (May 1, 2009) — The Risk and Insurance Management Society (RIMS) supports the findings of a Brattle Group report which reveals that reinsurance taxation legislation, similar to H.R. 6969 under consideration in the U.S. Congress, would have a devastating effect on the American insurance marketplace. The report is sponsored by the Coalition for Competitive Insurance Rates, an alliance of consumers, insurers and reinsurers. RIMS is a member of the coalition.

RIMS Podcast—Swine Flu and Pandemic Plan of Action, Part I: Fact vs. Fiction5/1/2009

The Risk and Insurance Management Society (RIMS) has made available a podcast series, Swine Flu and the Pandemic Plan of Action, to help risk practitioners during the swine flu epidemic. In the first podcast, Fact vs. Fiction, Bill Coffin, publisher and editorial director of Risk Management magazine, gets the inside story from Michael Liebowitz, past president of RIMS and director of risk management and insurance at New York University. They will discuss how bad the swine flu may become, what insurance implications will stem from it and what can be done to manage the risk swine flu poses to companies large and small.


Influenza A(H1N1) Virus and Pandemics Plan of Action4/29/2009


RIMS Thanks Ernst & Young for Platinum Sponsorship of RiskWire4/22/2009


RIMS and the Institutes Announce Advanced ERM Course4/20/2009


Volunteers Give Back to Orlando During RIMS Third Annual Community Service Day4/20/2009


First Quarter RIMS Benchmark Survey™ Shows Soft Landing4/20/2009


Carol Fox Receives RIMS Highest Honor at RIMS 2009 Annual Conference & Exhibition4/20/2009


Spencer Educational Foundation Awards Loss Prevention Education Grants4/20/2009


RIMS Conference Attendees and Exhibitors Exert Elbow Grease for Good Cause4/20/2009

Approximately 100 volunteers take part in third annual Community Service Day during RIMS 2009 Annual Conference & Exhibition

ORLANDO, Fla. (April 20, 2009) — Approximately 100 attendees and exhibitors at the Risk and Insurance Management Society (RIMS) 2009 Annual Conference & Exhibition volunteered to build a sensory garden, gazebo and park benches for Give Kids the World Village during the third annual Aon-supported RIMS Community Service Day, on Sunday, April 19. Give Kids the World Village is a 70-acre resort that fulfills the wishes of children with life-threatening illnesses and their families at central Florida’s attractions.

Spencer Educational Foundation Awards First-Ever Loss Prevention Education Grants, Funded by FM Global, to University of Hartford and Virginia Commonwealth University4/20/2009

New York (April 20, 2009) — Spencer Educational Foundation, Inc. has awarded the University of Hartford and Virginia Commonwealth University with $50,000 grants each for the development of loss prevention course curricula for students studying risk management and insurance. FM Global, one of the world’s largest commercial property insurers, funded the grants to support the development of undergraduate course modules and a graduate loss prevention course curriculum.

First Quarter RIMS Benchmark Survey™ Shows Soft Landing4/20/2009

Data shows hard market in financial institutions’ directors and officers; Rates flat or modestly down in other product lines

ORLANDO, Fla. (April 20, 2009) — Amid an unprecedented economic crisis, insurance premiums for businesses continued to slide towards a “soft landing” rather than an abrupt reversal resulting in rate increases. While banks and other financial institutions bought directors and officers (D&O) insurance at substantially higher rates, the rest of the commercial insurance market in the first three months of 2009 saw a continuing trend of little or no change in rates, according to RIMS Benchmark Survey™, the industry’s leading survey of policy renewal prices as reported by North American corporate risk managers.

RIMS Presents Highest Honors at RIMS 2009 Annual Conference & Exhibition4/20/2009

ORLANDO, Fla. (April 20, 2009) — The Risk and Insurance Management Society (RIMS) honored the industry’s shining stars at RIMS 2009 Annual Conference & Exhibition.

Do You Speak ERM?4/20/2009

The Institutes and RIMS Announce Advanced ERM Course

ORLANDO, Fla. (April 20, 2009) — Companies who have not yet had the Enterprise Risk Management discussion yet will—and they will need to speak the language. The American Institute for CPCU/Insurance Institute of America (the Institutes), through its Center for the Advancement of Risk Management Education (CARME), have joined with the Risk and Insurance Management Society (RIMS) to develop a new course titled “Enterprise-wide Risk Management (ERM): Developing and Implementing”. Designed for practitioners with strong risk management and business backgrounds, this new advanced ERM curriculum focuses on how to optimize risk-taking to meet strategic goals and the practical steps to develop and implement an ERM program. Enrollees who have earned the ARM will be able to take the Institutes’ exam to earn the ARM-E designation. RIMS will start offering the course in 2010. A course schedule will be announced later this year.

RIMS and Business Insurance Present Risk Manager of the Year® Award4/20/2009

ORLANDO, Fla. (April 20, 2009) — The Risk and Insurance Management Society Inc. (RIMS) and Business Insurance magazine today announced the winner of the 2009 Risk Manager of the Year® Award at RIMS 2009 Annual Conference & Exhibition in Orlando. Also announced were the members of the 2009 Risk Management Honor Roll®.

RIMS 2009 Annual Conference & Exhibition to Address Emerging Risks and Economic Challenges4/14/2009


RIMS 2009 Annual Conference & Exhibition to Address Emerging Risks and Economic Challenges4/14/2009

Largest gathering of risk professionals takes place April 19-23 in Orlando

NEW YORK (April 14, 2009) — Emerging risks and the impact of the current economic situation will be two of the topics covered at the Risk and Insurance Management Society (RIMS) 2009 Annual Conference & Exhibition in Orlando, Florida, April 19-23. Other topics at the week-long conference will include the latest enterprise risk management (ERM) tools and techniques, the top 10 litigation traps for risk professionals and insurance contract negotiation.

RIMS Launches Online Networking Community4/9/2009


RIMS Announces Location for 2012 Annual Conference & Exhibition4/9/2009


RIMS Launches Online Networking Community4/9/2009

NEW YORK (April 9, 2009) — The Risk and Insurance Management Society (RIMS) has launched a new online networking platform for RIMS members. RIMS Community, which includes an enhanced member directory, allows members to blog, create peer networks and interest groups, share white papers and other documents and much more.

RIMS Applauds Push for Insurance Regulation Reform4/3/2009


Risk Management Magazine Highlights the New DNA of Risk4/2/2009


RIMS Welcomes CMS Extension of MSP Reporting Requirements4/1/2009


Risk Insights—Global Property and Business Interruption Claims: Think Locally to Act Globally3/31/2009


RIMS Members Receive Free Subscription to National Underwriter P&C3/20/2009


RIMS Hosts Webinar on Bundling RMIS and ERM3/20/2009


RIMS Webinar—Risk Management on Steroids: Crossing the Chasm with Bundled RMIS and ERM3/20/2009

The Risk and Insurance Management Society (RIMS) will host a webinar, Risk Management on Steroids: Crossing the Chasm with Bundled RMIS and ERM, on Thursday, March 26, at 1:00-2:00 pm EST. This webinar, sponsored by Riskonnect, will discuss how risk professionals can lower Total Costs of Risk (TCOR) and improve the flow of communication from their department to the C-suite. Panelists include Derek Regier, vice president of Riskonnect; and Chris Duncan, advisor to Riskonnect.

RIMS Executive Summary Provides Guidance on Enhancing ERM Programs3/19/2009


RIMS Publishes Paper on ERM Technology Solutions3/19/2009

Executive report provides risk practitioners guidance on enhancing enterprise risk management programs

NEW YORK (March 19, 2009) — The turmoil in the financial industry has brought a greater awareness of enterprise risk management (ERM) and the technologies that risk practitioners use to implement ERM programs. The Risk and Insurance Management Society (RIMS) has released an executive report titled "Enterprise Risk Management Technology Solutions" to help risk managers identify and evaluate appropriate technology system functionality for their ERM practices.

Texas RIMS on the Hill Attracts 20 Practitioners to Lone Star State Capitol3/13/2009


IRMI Special Reports Available at No Charge3/11/2009


RIMS Speaks Out on Producer Compensation Disclosure in NY Insurance Department Discussion3/11/2009


RIMS Publications Director Featured in Financier Worldwide3/6/2009


RIMS Hosts Webinar Series on Financial Crisis3/3/2009


Risk Management Spotlights the Financial Crisis3/3/2009


RIMS Webinar: Operating in Today's Business Environment3/3/2009

In response to the continuing financial industry crisis, the Risk and Insurance Management Society, Inc. (RIMS) has organized a two-part webinar series on Thursday, March 5, and Friday, March 6, Operating in Today's Business Environment. These webinars have been designed to help explain the potential impact the latest changes in the financial markets may have on risk managers.


RIMS Attends N.Y. Insurance Department Roundtable Discussion2/24/2009


RIMS Offers New Online Accounting Course2/19/2009


RIMS Announces New Online Accounting Training Program2/19/2009

"Accounting In An Hour" focuses on the basic skills necessary to understand financial statements

NEW YORK (February 19, 2009) — The Risk and Insurance Management Society (RIMS) announced today a partnership with Accounting In An Hour, LLC to add a new course online titled "Accounting In An Hour."

California 'RIMS on the Mall' a Tremendous Success2/11/2009


National Underwriter Seeks Entries for Excellence in Workers' Compensation Award2/11/2009


RIMS Supports GAO Report on U.S. Financial Regulatory Framework2/10/2009


RIMS Supports GAO Report on U.S. Financial Regulatory Framework2/10/2009

The Risk and Insurance Management Society, Inc. (RIMS) applauds the U.S. Government Accountability Office (GAO) for its report, “A Framework for Crafting and Assessing Proposals to Modernize the Outdated U.S. Financial Regulatory System,” calling it timely and constructive. The GAO study comes on the heels of the financial market turmoil and focuses on an analysis of factors leading to the financial crisis and proposes a framework for Congress in crafting potential regulatory reform proposals.


Participate in RIMS/Marsh Excellence in Risk Management Survey2/6/2009


RIMS Praises New York Insurance Department Broker Compensation Regulation2/6/2009


RIMS Praises New York Insurance Department Broker Compensation Regulation2/6/2009

The Risk and Insurance Management Society (RIMS) commends the New York State Insurance Department for issuing a proposed regulation requiring complete written disclosure of compensation arrangements in the insurance purchasing transaction.

Just Announced: RIMS 2009 Hot Topic Sessions2/5/2009


RIMS Announces New Member Discount2/5/2009


RIMS Announces Hot Topics to be Explored at RIMS 2009 Annual Conference & Exhibition2/5/2009

New sessions help risk professionals address impact of financial crisis

NEW YORK (February 5, 2009) — The Risk and Insurance Management Society (RIMS) announced its "Hot Topic" sessions to be presented at RIMS 2009 Annual Conference & Exhibition on April 19 - 23 in Orlando. Hot Topic sessions include:

  • Navigating the Financial Tsunami will lead attendees through recommendations to help their organizations prepare for economic recovery.
  • Five Questions to Ask Before Switching Insurance Companies will help attendees examine the effectiveness of their insurance portfolios.
  • Insurance Coverage for Subprime Mortgage Lawsuits will educate attendees on how to defend their organizations against mortgage litigation.
  • D&O Insurance During the Economic Crisis will show attendees how to stay a step ahead of the economic crisis.

World Economic Forum Report Highlights Risk Lessons of Financial Crisis2/4/2009


RIMS Executive Report Outlines Next Steps for ERM1/26/2009


Preventing Another Financial Catastrophe with Enterprise Risk Management1/26/2009

RIMS executive report outlines next steps for ERM

NEW YORK (January 26, 2009)  The Risk and Insurance Management Society (RIMS) released an executive report today titled "The 2008 Financial Crisis: A Wake-up Call for Enterprise Risk Management," petitioning a call to action for enterprise risk management.

RIMS Schedules ERM Press Conference Call for Monday, January 261/22/2009

The Risk and Insurance Management Society (RIMS) invites you to participate in a Press Conference via Conference Call on:


RIMS President Featured in National Underwriter P&C1/21/2009


RIMS Benchmark Survey™: Soft Market Losing Steam1/20/2009


Fourth Quarter RIMS Benchmark Survey™ Shows Soft Market Losing Steam1/20/2009

Modest decreases in premium rates; Global economic crisis increasing pressure on insurers to raise rates

NEW YORK (January 20, 2009)  Insurance premiums for businesses continued a five-year trend of falling rates during the fourth quarter of 2008, but recent data suggest a reversal of this trend may soon be underway. Rates for property, general liability, and directors' and officers' (D&O) insurance premiums all decreased at a materially slower pace than in recent quarters, according to RIMS Benchmark Survey™, the industry's leading survey of policy renewal prices as reported by North American corporate risk managers.

RIMS State of ERM Report 2008 Webinar January 221/16/2009


RIMS Webinar—Reducing Uncertainty in Volatile Times: RIMS State of ERM Report 20081/16/2009

The Risk and Insurance Management Society (RIMS) will host a webinar, Reducing Uncertainty in Volatile Times: RIMS State of ERM Report 2008, on Thursday, January 22, at 1:00-2:00 pm EST.

RIMS Calls for Regulation Governing Broker Compensation1/15/2009


RIMS Calls for Regulation Governing Broker Compensation1/15/2009

The Risk and Insurance Management Society (RIMS) calls upon the New York State Attorney General's Office and the New York Insurance Department to issue new regulations to govern broker compensation.

Risk Management Focuses on the Financial Sector in the Year’s First Issue1/8/2009


U.S. Department of Homeland Security Requests Comments on PS-Prep1/8/2009


In Uncertain Times, Effective Risk Management is Key1/5/2009


In Uncertain Times, Effective Risk Management is Key1/5/2009

RIMS 2009 Annual Conference & Exhibition unveils rich program outlining latest leadership strategies and techniques

NEW YORK (January 5, 2009) — Amidst the recent turmoil in the financial markets, the risk management industry has been placed into the spotlight and risk practitioners are being asked to re-evaluate their risks and exposures. The Risk and Insurance Management Society (RIMS) 2009 Annual Conference & Exhibition, taking place April 19-23 in Orlando, Florida will provide risk managers and other executives charged with risk management responsibilities with proven leadership strategies and techniques to successfully navigate this time of economic uncertainty, and the surfacing global threats. The conference will take place at the Orange County Convention Center.


Attention Universities: Spencer Educational Foundation Seeks Proposals for Loss Prevention Courses12/19/2008


RIMS Announces Board of Directors for 2009 Term12/18/2008


RIMS Calls for United States Government Action on Terrorism Insurance Solutions for Nuclear, Biological, Chemical or Radiological Events12/18/2008


Guilt Free Holiday Spending12/15/2008


RIMS Supports NAIC Reinsurance Regulatory Modernization Framework Proposal12/10/2008


Top Reasons to Submit Data to RIMS Benchmark Survey12/10/2008


RIMS Chicago Chapter Pledges $100,000 to Spencer Educational Foundation12/8/2008


Nominations for 2009 Risk Manager of the Year Award Due December 15!12/5/2008


RIMS Board of Directors Approves Five Percent Dues Increase12/1/2008


Risk Management Magazine Reviews Risk in 200812/1/2008


RIMS President Presents Buyer's Perspective on Global Risk Management Stratgies at Reactions Conference11/25/2008


New RIMS Study Links ERM to Higher Credit Ratings11/19/2008


New Online Business Training Library Available11/17/2008


RIMS Releases On Demand Webinar: ERM Boot Camp11/14/2008


Need Help Identifying Inadequately Addressed Risks and Opportunities?11/10/2008


November Issue of Risk Management Examines Race11/7/2008


Two Days Remain to Register for RiskLive!11/6/2008


Wall Street Journal Tackles IT Security and Risk Management10/31/2008


RIMS Members: Update Contact Information by November 1010/31/2008


RIMS and Ernst & Young Launch Risk Insights10/28/2008


RIMS Webinar Series: Risk Management Strategies in an Unsettled Financial Market Part IV10/23/2008


Benchmark Survey: Soft Markert Continues Through Third Quarter10/23/2008


Risk Management Spotlights International Risk in Special Issue10/22/2008


RIMS President to Speak at Reactions Insurance Conference 200810/21/2008


RIMS Endorses NY Insurance Superintendent's Policy on Contract Certainty10/21/2008


Upcoming D&O Conference Examines Global Executive Liability Insurance10/16/2008


How Can RIMS Better Serve You?10/16/2008


RIMS Webinar: Insurance Coverage Issues for Data Security and Data Loss Liability10/15/2008


RIMS Webinar Explores AIG’s Latest Strategic Developments10/15/2008


RIMS Partners with Business Insurance for Risk Manager of the Year Award10/14/2008


Brokers Remain Confident in AIG10/8/2008


Join RIMS for the Learning Event of the Year in Cyberspace!10/6/2008


The October Issue of Risk Management Examines the Perils and Promises in the World of Technology10/3/2008


RIMS Webinar Explores Property and Business Interruption Loss and Hurricane Ike9/30/2008


RIMS Releases New Salary Survey9/29/2008


Society Announces Award Winners at RIMS Canada Conference in Toronto9/22/2008


RIMS Opposes Legislation to Increase Tax on Non-U.S. Reinsurers9/22/2008


RIMS Webinar Series: Risk Management Strategies in an Unsettled Financial Market9/22/2008


Message from RIMS Executive Director9/18/2008


Request Congress to review legislation that will affect your business environment9/8/2008


RIMS and Marsh Release Excellence in Risk Management V Report 9/8/2008


It’s back to school for the September issue of Risk Management as we look at some of the nation’s most prominent university risk management education programs9/1/2008


RIMS Canada Conference to attract more than 1,500 risk professionals for four days in Toronto8/25/2008


Upcoming RIMS Webinar: FEMA and Disaster Aid to Public Entities8/22/2008


In The August Issue Of RIMSCOPE, Read About Risklive!, Get Updates On RIMS Regional Conferences And Much More!8/20/2008


John Linear Report Features E-Discovery Rules and Risks8/19/2008


REMINDER: Online Registration for RIMS Western Regional Conference Ends Friday, August 22!8/18/2008


Spencer Educational Foundation Seeks Risk Managers for Program8/11/2008


RIMS Benchmark Survey: Premium Price Drops Continue8/5/2008


Call for Data: 2009 RIMS Benchmark Survey™8/4/2008


Check out the August issue of Risk Management for an in-depth, four-part look at the captive insurance industry8/4/2008


RIMS Testifies at Broker Compensation Hearings7/25/2008


In the July 2008 issue of RIMSCOPE, read about new Business Continuity Planning workshops, get updates on RIMS legislative affairs and much more!7/16/2008


RIMS supports legislation mark up by House subcommittee to promote insurance accessibility and affordability7/9/2008


ERM webinar explores what top management wants in an ERM program7/3/2008


Check out the July issue of Risk Management for a mid-year update on the property/casualty market and an interview with former FEMA Director James Lee Witt7/1/2008


In the June 2008 issue of RIMSCOPE, read about the “Heart of RIMS”, new online course offerings and much more!6/24/2008


In June, Risk Management examines the subprime meltdown and offers strategies on how companies can avoid the next financial crisis.6/1/2008


Dare to Make a Difference!5/12/2008


Submit a RIMS 2009 Program Suggestion Form by July 22!5/9/2008


Read about S&P's Enterprise Risk Analysis to Corporate Ratings5/7/2008


Change the Way You Talk About Risk!5/5/2008


RIMS 2008 Conference Coverage5/2/2008


RIMS Launches Professional Growth Model4/29/2008


Former RIMS President gives advice on pandemics3/3/2008


Homeland Security Legislation Response1/18/2008


Access the Risk Maturity Model guidelines and best practices1/1/2008


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