Newsroom 

Florida RIMS Educational Conference to Address Recession

7/1/2009

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 Chapter

6/30/2009

Risk professionals in the Reno metropolitan area now have easy access to a RIMS chapter—RIMS Northern Nevada Chapter. With this new charter, the Society now has 81 chapters—69 in the United States, 10 in Canada, and one each in Japan and Mexico. The last chapter chartered was RIMS Mexico Chapter in 2004.

For more information about RIMS Northern Nevada Chapter, visit www.NorthernNevadaRIMS.org.

RIMS Supports Senate's Surplus Lines Bill

6/25/2009

RIMS announced today that it supports the efforts of Sen. Mel Martinez, R-Fla., 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.

According to the legislation, in order for commercial insurance purchasers to gain expedited access to the non-admitted market, an insured must employ a "qualified risk manager" to work with a broker. Previously, RIMS lobbied members of the House Financial Services Committee to modify the original legislation to provide a broader definition of a "qualified risk manager". The Society is pleased that the Senate version now incorporates the RIMS-approved definition of a "qualified risk manager," and urges the Senate to pass the bill as soon as possible.

For more information on RIMS legislative activities, visit www.RIMS.org/LegislativeAction.

RIMS and IRMI Offer New Online Curriculum

6/22/2009

Risk managers who want to enhance their skills in D&O, EPL, fiduciary and other professional liability practices can take a new online course—the Management Liability Insurance Specialist (MLIS™) program. RIMS and the International Risk Management Institute, Inc. (IRMI) have teamed up to offer program.

The MLIS™ program is divided into two parts. Part one includes three basic- to intermediate-level courses that cover the fundamentals of professional, errors and omissions (E&O), and D&O liability insurance. Part two includes four courses that focus on the specific nuances of D&O liability, EPL and fiduciary liability exposures and insurance. Participants can enroll in the online courses at any time and take the exams at their convenience.

The program is available at www.RIMS.org/MLIS for an introductory rate of $69 per course. RIMS members receive a 10 percent discount. More information and a complete list of RIMS online courses are available at www.RIMS.org/onlinecourses.

RIMS Offers Free 30-day Job Postings Through June

6/18/2009

Any employer or recruiter seeking risk practitioners for open positions can post one free 30-day job listing on RIMS Career Center until the end of June—a savings of $130. To take advantage of this special offer, companies can post an open position at www.RIMS.org/JobBank by using reference code JBP09.

For more information, visit www.RIMS.org/CareerCenter.

RIMS Benchmark Survey™ Book: Total Cost of Risk Plummets in 2008

6/18/2009

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, according to the 2009 RIMS Benchmark Survey™ book. The book allows risk managers to compare their TCOR to similar organizations and benchmark insurance program limits and retentions based on data collected on more than 1,300 companies in the U.S. and Canada.

The 2009 RIMS Benchmark Survey™ book is available for a fee of $750 and the online program for a fee of $2,500. Purchase orders are available at www.RIMS.org/book. RIMS members and survey data contributors receive special discounts. For more information about the RIMS Benchmark Survey™, visit www.RIMS.org/benchmark.

RIMS on the Hill: The Lobbying Event of the Year!

6/17/2009

As the U.S. Administration and Congress were in the midst of deliberating the modernization of the financial regulatory system, more than 60 RIMS members gathered for the 11th annual RIMS on the Hill Legislative Conference in Washington, D.C., on June 7-9.

On the first day of the program, RIMS legislative priorities were presented to attendees in preparation for lobbying members of Congress. This year's event focused on legislation affecting the price of commercial property casualty insurance, financial regulatory restructuring and the optional federal charter. During panel discussions, lobbyists from the American Bankers Insurance Association, Association of Bermuda Insurers and Reinsurers, Council of Insurance Agents and Brokers, and Reinsurance Association of America spoke about regulatory modernization. In a separate session, Rep. Melissa L. Bean, D-Ill., discussed proposed legislation on greater federal regulation of insurance and the political climate surrounding the larger debate over federal financial modernization. Other highlights from the first day include:

• A Keynote Luncheon featuring Donna Brazile, nationally syndicated columnist and regular contributor to CNN, ABC News and National Public Radio, who discussed anecdotes about previous campaigns to reflections on New Orleans post-Katrina; and,
• A class covering lobbying techniques.

On day two, members took action on Capitol Hill. This year, more than 70 meetings were arranged for RIMS members to meet with their legislative representatives. In some cases, members were able to speak with the elected officials themselves.

For more details about the 11th annual RIMS on the Hill Legislative Conference, click here. Visit the RIMS on the Hill 2009 image gallery to browse through more photos. 

Risk Management Magazine Focuses on the Issue of Water Scarcity

6/1/2009

The June issue of Risk Management magazine takes an in-depth look at water scarcity and how businesses are coping in a world with less water. Other weather-related features are included, along with articles spotlighting the optional federal charter, the future of banking with intangible assets and an interview with Swiss Re CRO Raj Singh, among others.

Read the June issue online at www.RMmagazine.com.