| RIMS Ontario Chapter Presents Glen Frederick with the Prestigious Donald M. Stuart Award | 9/19/2011 |
Drew Collins Named this Year’s Winner of the Fred H. Bossons Award At the 2011 RIMS Canada Conference, the Risk and Insurance Management Society, Inc. (RIMS) Ontario Chapter presented the Donald M. Stuart Award to Glen Frederick, Director, Risk Management Client Services – Core Government and Crowns in the Risk Management Branch of the Government of British Columbia. |
|
| 2011 RIMS Canada Conference: CAPITAL CONNEXIONS to Explore Current and Future Risk Management Trends | 9/15/2011 |
Canada’s largest gathering of risk professionals takes place September 18-21 in Ottawa, Ontario
The Risk and Insurance Management Society, Inc.'s (RIMS) Canadian Capital Chapter will host the annual RIMS Canada Conference at the Ottawa Convention Centre, September 18-21, 2011 in Ottawa, Ontario. The conference brings together some of Canada's and the world's most renowned thought leaders in the risk and crisis management discipline who will share their approach to challenges they have encountered throughout their careers. |
|
| RIMS to Host Inaugural Enterprise Risk Management Conference | 8/17/2011 |
Risk Professionals to gather in San Diego, November 1 - 3 to take on innovation in ERM NEW YORK (August 17, 2011) — RIMS will host its first full conference devoted to Enterprise Risk Management (ERM), RIMS ERM Conference 2011, at the Westin Gaslamp in San Diego November 1 through 3, 2011. Resiliency, stakeholder engagement and ERM tools and techniques will be just a few of the many topics covered through a series of sessions, roundtable discussions and solutions showcase. The program is designed to meet the needs of those considering an ERM program, those who have partially implemented ERM and those with fully integrated programs. |
|
| Soft Market May be Near Bottom, According to Latest RIMS Benchmark Survey™ | 8/11/2011 |
Second quarter renewals were essentially flat for three of four lines tracked by the survey. NEW YORK (August 11, 2011) – A lack of substantive change in average renewal premiums for three of four lines tracked by the RIMS Benchmark Survey™ in the second quarter suggests that the soft commercial lines insurance market may be close to its bottom. General liability, property and workers’ compensation all fell by less than 1 percent on average, while directors & officers liability policies renewed 4.5 percent lower. The survey, which is administered by Advisen Ltd., tracks changes in policy renewals as reported by risk managers. |
|
| RIMS 2011 Community Service Day to Benefit Youth Athletic Program | 4/26/2011 |
Volunteers to refurbish a Vancouver soccer field where over 790 local children play annually NEW YORK (April 26, 2011) — Over 100 attendees and exhibitors at RIMS’ 2011 Annual Conference & Exhibition will gather on Sunday, May 1 from 8:30 a.m. to 3:00 p.m. at the Britannia Community Services Centre for RIMS’ fifth annual Community Service Day. This year’s event will call for volunteers to restore the centre’s soccer field through such projects as building player benches around the field, painting and refurbishing an existing mural and creating and painting a mural on the exterior of the centre’s Micro Footie equipment storage container. RIMS 2011 attendees and their guests are invited to take part in this event. |
|
| RIMS and Chartis Announce Formation of Risk Management Hall of Fame | 4/25/2011 |
2011 Inductees to be Unveiled at RIMS Annual Conference in Vancouver NEW YORK (April 25, 2011) —RIMS and Chartis today announced the formation of the Risk Management Hall of Fame (RMHF). The RMHF has been established to maintain the history and tradition of the field of risk management, and will serve as a means to recognize and honor those professionals who have made significant contributions to advancing the discipline. |
|
| Commercial insurance premiums again tumble as capacity grows, according to RIMS Benchmark Survey™ | 4/25/2011 |
Average premiums fall in three of four lines tracked by the survey. NEW YORK (April 25, 2011) – What appeared to be an effort by underwriters to hold the line on premiums gave way under the pressure of a highly overcapitalized market in the first quarter of 2011, according to the RIMS Benchmark Survey™, administered by Advisen Ltd. Three of the four lines of business tracked by the survey posted material decreases in average renewal premium, as reported by risk managers. |
|
| RIMS Establishes Federal Political Action Committee | 4/1/2011 |
NEW YORK (April 1, 2011) — RIMS today announced that it has established RISK PAC, a political action committee to support the campaigns of candidates for the U.S. Congress. The PAC is registered with the Federal Election Commission (FEC) and will comply with all requirements of the Federal Election Campaign Act and FEC regulations. |
|
| RIMS Supports New Legislation to Ease Medicare Secondary Payer Reporting Requirements | 3/22/2011 |
NEW YORK (March 22, 2011) — Today, RIMS announced its endorsement of legislation that would ease new bureaucratic reporting requirements for its members under the Medicare Secondary Payer rules. |
|
| An Overview of Widely Used Risk Management Standards & Guidelines | 3/15/2011 |
A new executive report from RIMS NEW YORK (March 15, 2011) — Today, RIMS announced the release of its latest executive report, An Overview of Widely Used Risk Management Standards & Guidelines. The report, a joint production of the RIMS Standards & Practices and RIMS Enterprise Risk Management Committees, is designed to provide the reader with a view of six widely used risk management standards, guidelines and self-described “best practices” to help identify common elements in each and to simplify the arduous process of wading through competing standards, frameworks and guidelines related to risk management. |
|
| RIMS 2011 Annual Conference & Exhibition to Address Cyber Risk, Energy Resources, Social Media Threats and More | 2/14/2011 |
World’s largest gathering of risk professionals takes place May 1 - 5 in Vancouver NEW YORK (February 14, 2011) — RIMS will host its Annual Conference & Exhibition at the Vancouver Convention Centre West, May 1-5, 2011. Cyber risk, energy resources, social media threats and global risk will be just a few of the many topics covered in the more than 120 sessions addressing critical risk management issues. |
|
| Commercial Insurance Pricing Little Changed in Q4, but Soft Market is Far From Over, According to RIMS Benchmark Survey™ | 1/24/2011 |
Average D&O premium continues to fall, but other lines show stability during the quarter. NEW YORK (January 24, 2011) – Average renewal premiums for commercial lines property & casualty insurance were largely unchanged during the fourth quarter of 2010, according to the RIMS Benchmark Survey™, administered by Advisen Ltd. Directors & Officers Liability (D&O) was the only line tracked by the survey experiencing a material decrease, falling almost 5 percent compared to the prior year. Advisen analysts caution, however, that a turn in the market is not imminent. |
|
| RIMS Unveils New Look | 1/10/2011 |
Bold new logo highlights RIMS’ commitment to an all-encompassing approach to risk NEW YORK (January 10, 2011) — The Risk and Insurance Management Society, Inc. (RIMS) today unveiled a new appearance that emphasizes the organization’s growth strategy. By way of the initiative, which includes a contemporary new logo and compelling tagline (pictured above), RIMS aims to capture the evolving nature of risk management. RIMS’ focus includes strategic and enterprise risk management and the new branding speaks to strategy and integration. |
|
| RIMS Introduces 2011 President and Board of Directors | 12/21/2010 |
NEW YORK (December 21, 2010) — The Risk and Insurance Management Society, Inc. (RIMS) today announced that Scott B. Clark, AAI will lead the Society as president for the 2011 term, effective January 1. Clark is the risk and benefits officer for the School Board of Miami-Dade County, Florida. |
|
| Pace of Premium Decreases Slows, but Soft Market Presses on, According to RIMS Benchmark Survey™ | 10/20/2010 |
Continuing impact of recession likely to keep premiums from rising for foreseeable future. New York (October 20, 2010) – Soft market conditions continued during the third quarter, but the rate of decrease slowed according to the RIMS Benchmark Survey™, administered by Advisen Ltd. Every line of insurance tracked by the survey posted a decrease in average premium, though only nominally so for general liability and workers’ compensation. |
|
| RIMS and Ernst & Young Explore Text Analytics in Latest Installment of Risk Insights | 10/11/2010 |
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 Ontario Chapter Awards Highest Risk Management Honor in Canada | 9/27/2010 |
Recipient of prestigious Donald M. Stuart Award announced at 2010 RIMS Canada Conference in Edmonton, Alberta New York, NY (September 27, 2010) — The Risk and Insurance Management Society, Inc. (RIMS) Ontario Chapter today presented the Donald M. Stuart Award to Tina Gardiner, CRM, CIP, manager of insurance and risk at The Regional Municipality of York. Presented at the 2010 RIMS Canada Conference in Edmonton, Alberta, 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. |
|
| RIMS Broadens Focus with Formation of Strategic and Enterprise Risk Practice | 9/21/2010 |
NEW YORK (September 21, 2010) — The Risk and Insurance Management Society, Inc. (RIMS) announced today that it is increasing its focus on the evolving role of risk management with the creation of a Strategic and Enterprise Risk Practice, to be led by risk industry veteran Carol Fox, ARM. The development of the new department follows a comprehensive analysis by the RIMS Strategic Planning Task Force and board of directors, and will better equip RIMS member companies in tying their risk management programs to strategic goals. |
|
| 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 Aonâs Decision to Resume Collecting Contingent Commissions | 7/21/2010 |
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.â€
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.   Â
 |
|
| RIMS Maintains Opposition of New Insurance Tax | 7/14/2010 |
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. |
|
| Risk Managers Enjoyed Highly Competitive Market for Insurance in 2009, According to 30th Anniversary Edition of RIMS Benchmark Survey⢠Book | 7/8/2010 |
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 Negotiations | 6/28/2010 |
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. |
|
| RIMS and Ernst & Young Take on Captives in Risk Insights | 5/24/2010 |
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. |
|
| Firms Must Navigate Roadblocks Impeding Strategic Risk Management | 4/30/2010 |
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 to Release Executive Report: Emerging Risks and Enterprise Risk Management | 4/22/2010 |
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. |
|
| RIMS 2010 Community Service Day to Promote Literacy | 4/22/2010 |
Volunteers to build and stock bookshelves as part of RIMSâ 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. |
|
| 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 Responds to Marsh Position on Contingent Commissions | 3/29/2010 |
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 Supports Restoring American Financial Stability Act of 2010 | 3/23/2010 |
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 Act | 3/11/2010 |
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 Insights | 3/10/2010 |
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. |
|
| Los Angeles to Host RIMS Annual Conference & Exhibition in 2013 | 3/9/2010 |
RIMS to bring worldâs 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. |
|
| RIMS Celebrates 60 Years as Risk Management Industryâs Preeminent Association | 2/17/2010 |
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 Disappointed in Decision to Allow Resumed Contingent Commissions | 2/17/2010 |
New York Insurance Department and Attorney Generalâs 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 Objects to New York Insurance Departmentâs Final Producer Compensation Regulation | 2/11/2010 |
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 Disappointed in Obama Budget Plan | 2/2/2010 |
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. |
|
| 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 Winners | 1/5/2010 |
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 Directors | 12/21/2009 |
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 Supports Federal Insurance Office Legislation | 12/3/2009 |
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. |
|
| RIMS Announces Keynote Speaker Lineup for RIMS 2010 Boston | 11/16/2009 |
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 Publishes Executive Report on Insurance Broker Compensation | 10/14/2009 |
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. |
|
| RIMS Supports Mandated Risk Committees | 10/7/2009 |
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 Insurersâ 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. |
|
| RIMS Rolls Out First-Ever Branded Ad Campaign | 9/21/2009 |
The first of four RIMS ads debuts in September 2009 issue of Risk Management magazine NEW YORK (September 21, 2009) — The Risk and Insurance Management Society, Inc. rolls out its first-ever branded ad campaign to reinforce its position as the global leader in advancing the practice of risk management. Aimed at elevating critical issues facing the risk management community, the ads will run in Risk Management magazine, as well as select targeted publications. The first debuted in the September issue with three other distinct ads continuing through December. |
|
| RIMS Ontario Chapter Awards Highest Canadian Risk Management Honor | 9/15/2009 |
Winner of prestigious Donald M. Stuart Award announced at 2009 RIMS Canada Conference in St. Johnâs, 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 Foundation | 9/14/2009 |
âRobert E. Gallagher and John P. Gallagher Scholarshipâ announced at Spencer Educational Foundationâs 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 Legislation | 9/9/2009 |
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 WebinarâPandemic Plan of Action | 9/2/2009 |
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 13-16 | 8/14/2009 |
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 Adds Credit Union and Financial Services to Robust Portfolio of Member Benefits | 8/13/2009 |
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. |
|
| New RIMS Committee to Assist in Development of Risk Management Standards Internationally | 8/13/2009 |
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 WebinarâDisaster and Recovery: Preparing Your Business for Hurricane Season | 8/6/2009 |
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 22-25 | 8/5/2009 |
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. |
|
| RIMS Opposes Legislation to Increase Tax on Non-U.S. Reinsurers | 7/31/2009 |
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. |
|
| RIMS Disappointed in Illinois Decision to Allow Contingent Commissions | 7/29/2009 |
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. |
|
| 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 Debuts Redesigned Website and Networking Tools | 7/27/2009 |
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. |
|
| Marsh-RIMS Report Finds More Firms Seeking Strategic Approaches to Manage Risk | 7/14/2009 |
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 & Exhibition | 7/10/2009 |
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. 10 | 7/10/2009 |
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 Regulation | 7/9/2009 |
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 the 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 |
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 Non-Admitted and Reinsurance Reform Act | 6/25/2009 |
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. |
|
| New Online Curriculum to Help Risk Professionals Hone D&O and EPL Knowledge | 6/22/2009 |
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. |
|
| Total Cost of Risk Plummeted in 2008, According to 2009 RIMS Benchmark Survey⢠Book | 6/18/2009 |
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 New Career Center Connects Risk Management Talent with Open Jobs | 6/3/2009 |
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 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 WebinarâHow to Add Value to Your Organization as a Risk Professional | 5/28/2009 |
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 Legislation | 5/21/2009 |
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. |
|
| Spencer Educational Foundation Elects Warren J. Mula to Board | 5/12/2009 |
NEW YORK (May 12, 2009) — Spencer Educational Foundation, Inc. has announced the appointment of Warren J. Mula to its Board of Directors. |
|
| RIMS PodcastâInfluenza A(H1N1) and Pandemic Plan of Action, Part Two: Business Continuity Issues | 5/5/2009 |
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. |
|
| RIMS Endorses Brattle Group's Report on Reinsurance Taxation | 5/1/2009 |
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 PodcastâSwine Flu and Pandemic Plan of Action, Part I: Fact vs. Fiction | 5/1/2009 |
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. |
|
| 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 Implementingâ€. 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 Conference Attendees and Exhibitors Exert Elbow Grease for Good Cause | 4/20/2009 |
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. |
|
| First Quarter RIMS Benchmark Survey⢠Shows Soft Landing | 4/20/2009 |
Data shows hard market in financial institutionsâ 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 Surveyâ„¢, 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 & Exhibition | 4/20/2009 |
ORLANDO, Fla. (April 20, 2009) — The Risk and Insurance Management Society (RIMS) honored the industry’s shining stars at RIMS 2009 Annual Conference & Exhibition. |
|
| RIMS and Business Insurance Present Risk Manager of the Year® Award | 4/20/2009 |
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®. |
|
| Spencer Educational Foundation Awards First-Ever Loss Prevention Education Grants, Funded by FM Global, to University of Hartford and Virginia Commonwealth University | 4/20/2009 |
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. |
|
| RIMS 2009 Annual Conference & Exhibition to Address Emerging Risks and Economic Challenges | 4/14/2009 |
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 Community | 4/9/2009 |
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 WebinarâRisk Management on Steroids: Crossing the Chasm with Bundled RMIS and ERM | 3/20/2009 |
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 Publishes Paper on ERM Technology Solutions | 3/19/2009 |
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. |
|
| RIMS Webinar: Operating in Today's Business Environment | 3/3/2009 |
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 Announces New Online Accounting Training Program | 2/19/2009 |
"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." |
|
| RIMS Supports GAO Report on U.S. Financial Regulatory Framework | 2/10/2009 |
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. |
|
| RIMS Praises New York Insurance Department Broker Compensation Regulation | 2/6/2009 |
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. |
|
| RIMS Announces Hot Topics to be Explored at RIMS 2009 Annual Conference & Exhibition | 2/5/2009 |
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.
|
|
| Preventing Another Financial Catastrophe with Enterprise Risk Management | 1/26/2009 |
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 26 | 1/22/2009 |
The Risk and Insurance Management Society (RIMS) invites you to participate in a Press Conference via Conference Call on: |
|
| Fourth Quarter RIMS Benchmark Survey™ Shows Soft Market Losing Steam | 1/20/2009 |
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 Webinar—Reducing Uncertainty in Volatile Times: RIMS State of ERM Report 2008 | 1/16/2009 |
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 Compensation | 1/15/2009 |
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. |
|
| In Uncertain Times, Effective Risk Management is Key | 1/5/2009 |
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. |
|