Choices of the talented: during tough economic times, the best
companies see that there is far more new business to be gained by
When I first sat down to write this article in late October, the
Dow Jones Industrial Average had experienced in the past year 21
sessions with triple-digit closings, including one where it was up . . .
Upcoming events.(Calendar)
DECEMBER
2-4
Cayman Forum
The Insurance Managers Association of Cayman will hold its annual
Cayman Captive Forum featuring sessions on healthcare captives,
technology, investment and hot . . .
Directory: third-party administrators.(Directory)
Below are paid listings of third-party administrators (TPAs)
according to the types of claims they handle: health care; disability;
workers' comp; managed care automation; software . . .
Industry risk report: transportation.
When it comes to transporting hazardous materials, railroad
companies don't have a choice. They are required to do so by
federal law, regardless of exposure, regardless of loss. From
implementing . . .
Shielded from liability: deteriorating roadways and bridges
plague the nation, ready to wreak havoc on human lives and local
gov
Summary
* The 2007 collapse of the Interstate 35W bridge in Minneapolis
resulted in a $39 million award to victims, much higher than the
state's liability cap of $1 million per incident.
* . . .
Hunting for goodwill ranking: to avoid D&O and other claims,
insurance companies and others need to learn to manage the
intangib
Summary
* Intangibles represent 32 percent of the nonbalance sheet market
value of insurance companies.
* Aside from the property/casualty sector, the industry saw a
deterioration in the . . .
Get a hold of your property, people: many risk managers take the
easy way out when it comes managing their property exposure. Th
Summary
* Many risk managers might not be properly handling their property
exposures, leaning too heavily on brokers and modeling to tell them how
to buy insurance.
* They should instead work . . .
Two journeys, two outcomes: two cases illustrate the difference
in outcomes and the importance of exercise and physical therapy
Summary
* Many workers' comp and disability patients are inadequately
treated for chronic pain.
* The best chances of a successful outcome occur when physical
therapy is instituted early in the . . .
A switch at the spigot: a federal program for terrorism
protection is increasingly making regional population centers, not
neces
Summary
* Changes to a federal terrorism assistance program for U.S. cities
mean a greater number of smaller cities can now be added to the program.
* Communications systems that will help . . .
Pooled dreams: in Los Angeles, a pooling arrangement between the
city and its quasi-public authorities could save taxpayers near
Summary
* A risk pooling arrangement for property risks could save Los
Angeles taxpayers as much as $4.6 million a year.
* Turf wars make it difficult for risk managers from the
city's . . .
Insurer backup plans.(RISK INNOVATION)
We still haven't quite cracked the code on ensuring the safety
and soundness of insurance companies. Who would have thought AIG, the
mightiest of the mighty amongst insurers, would have fallen so . . .
Must-haves for true ERM.(RISK MANAGEMENT)
Is it just me or has the world recently been flooded with new risk
managers and enterprise risk management experts? Everywhere I look or
read there are hundreds of new references, opinions, . . .
The people v. industry.(THE LAW)
Recent arguments in the U.S. Supreme Court ease Wyeth v. Levine may
have vast implications for the drug industry as well as tort reform. For
the second consecutive year, the Supremes will decide . . .
So what have we learned?(BROKERAGE)
Whew! What a couple of months!
I'm not one to use exclamation points, but they surely apply
here, and so many question marks as well: Who'd have thought, when
the month of October began, that . . .
Crying over spilt tea.(ROGER ON RISK)
At job interviews, people often ask: "What was your biggest
mistake?" The correct answer is: "The decision I made early on
to be a perfectionist." But you need moxie to pull it off.
The biggest . . .
Testing the system.(WORKERS' COMP)
So we have the White House and both houses of Congress controlled
by the Democrats for the first time since 1994. There is dead certainty
that the next administration will get tougher about . . .
Lockton: Robert J. Irvin.(BROKER MOVES)
ROBERT J. IRVIN has joined Lockton in San Francisco as a senior
vice president in the firm's Private Equity and Corporate
Acquisitions Practice. Most recently, Irvin was a senior vice president
in . . .
Lockton: Terry Hogan.(BROKER MOVES)
TERRY HOGAN was named vice president at Lockton in its Washington,
D.C.-based office. Hogan had been managing director and market area
sales leader for the Mid-Atlantic region at . . .
William Gallagher Associates.(BROKER MOVES)
[ILLUSTRATION OMITTED]
William Gallagher Associates has promoted GRANT BELL of the Atlanta
office to senior vice president. Bell has been with WGA since 2001,
specializing in life sciences and . . .
Willis Management (Malta) Ltd.(BROKER MOVES)
Willis Management (Malta) Ltd. announced that ANNE FINN was
appointed executive director to help expand the international
broker's presence on the island and meet the growing demand for
captive . . .
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