Swiss Re's Tom Skwarek clocks industry with a new idea:
just-in-time capital: up to $500-million in new, regulatory capital can
The highly innovative notion of CLOCS (Committed Long Term Capital
Securities) grew out of Farmers Insurance Exchange rethinking its entire
risk management strategy in the light of Hurricane Rita.
. . .
Crafting shoes to fill: risk manager shows company how it's
done with a focus on safety, loss control and responsible risk
trans
Few people do what Patti Vogelgesang does. And even fewer did his
exact job before him. Make that zero. Vogelgesang came into his role as
risk manager at H&S Ventures two years ago as the . . .
Beyond Fred Flintstone: vulcan adapts a browser-based system for
on-site claims reporting and cuts costs by 40 percent.(RISK &
I
Safety and workers' comp claims are a major concern for Vulcan
Materials, a Birmingham, Alabama-based construction aggregates company.
Many of the company's 8,000 employees work in stone quarries . . .
Pressing the business case for enterprise risk management:
commodity price risk sparks software program for ERM in energy
market
Rather than debate the merits of hedging versus insurance, Mike
Giacobbe, a director in the Chicago offices of Aon Corp., has
incorporated both of those as well as other risk management tools . . .
Buying time.(RISK MANAGEMENT)
To realize the value of one month: Ask a mother who has given birth
to a premature baby. To realize the value of one week: Ask an editor of
a weekly newspaper. To realize the value of one minute: . . .
The X-V files: a forensic look at B.I. value: finding the
"pinch points" in supply chain risk.(RISK & INSURANCE[R]
RISK INNOVATO
John Dempsey's "X-V Analysis" (exposure-value
analysis) is the culmination of his 26 years as a forensic accountant.
"X-V Analysis," developed to go well beyond the
traditional business . . .
Building the towers of power: hotel risk manager wields rare
property placement to lead company toward future.(RISK &
INSURANCE[
David Little has perhaps had more time on his job than other Risk
Innovators to make an impact on his company and his profession.
He's been with Hilton Hotels Corp. for more than 19 years. . . .
Level on the level: one-stop shopping for an effective defense
strategy in construction defect cases: beating the lawyers at the
Construction defect lawsuits are an unavoidable part of the
building business. They are also a lucrative business for plaintiffs
attorneys who have built up a lot of expertise and earned a lot of . . .
Pushing for reciprocal standards: safety veteran looks for ways
to better assess contractors working in one of the most risk-pro
Texas City holds the dubious distinction of the being the only city
in American history ever to be destroyed by an industrial disaster. On
April 16, 1947, a chain reaction of explosions killed 500 . . .
Arbitration revisited.(THE LAW)
Recently, I covered arbitration and the myths supporting its
alleged superiority over court litigation. With an eye on commercial
litigation, I suggested that a single judge sitting without a jury . . .
Feeding on risk creativity and dedication: the secret sauce for
success: tying risk management into the corporate philosophy.(RI
It says it all about a risk management program when the company CEO
gets before a global audience on one of those cable financial shows and
states, "We are focused on running the cleanest and . . .
The perfectionist: risk manager at smaller company employs
technology even the bigger boys might not have.(RISK & INSURANCE[R]
R
Janette Ament-Pierce is vice president of risk management and
development accounting for Noble House Hotels & Resorts, a smaller
sized hospitality organization with 14 high-end properties in the . . .
Story boarding success: comic strip bridges cultural gaps and
helps workers understand the need for safety on the job.(RISK &
IN
Working in the rapidly modernizing United Arab Emirates in the
Middle East, Manuel "Mike" B. Perito Jr., risk engineer for
the Oman Insurance Company, was faced with the challenge of . . .
2008 Risk Innovators: in a class of their own: what have
innovators in risk management and insurance done for you lately? Plenty
[ILLUSTRATION OMITTED]
Summary
* Innovators in risk management and insurance and the innovations
that matter.
* Innovators in risk management cut across all sectors, and classes
of risk.
* . . .
Dreading innovation.(ROGER ON RISK)
I must start by begging you not to kill Bill Gates, Steve Ballmer
and every other employee, past or present, of Microsoft. It would be
wrong, it would be illegal, and besides, I'm going to do it. I . . .
Beyond Saffir-Simpson: trading hurricane futures on the CHI-Town
Mercantile Exchange.(RISK & INSURANCE[R] RISK INNOVATORS: FINAN
Steve Smith, president, property solutions, of Carvill
America/ReAdvisory developed the Carvill Hurricane Index (CHI), the
index used as the basis for trading hurricane futures and options on . . .
Sealing the big deals: adjectives like "elite" and
italicized emphasis still suit one of risk management's top
personalities.(RI
Lance J. Ewing, vice president, risk management, Harrah's
Entertainment Inc., has already earned so much in his career. He's
been risk manager of the year and president of RIMS, he has . . .
The gamer: an ex-Air Force pilot uses a game to mimic commercial
real estate risks.(RISK & INSURANCE[R] RISK INNOVATORS:
CONSTRU
With a background in demolition, weapons and explosives gained
through a career in the Air Force, Jeffery Bollman, a broker with Las
Vegas Real Estate Professionals, brings a different perspective . . .
Bucking convention: a possible platform for an alternative energy
underwriting strategy.(RISK & INSURANCE[R] RISK INNOVATORS:
CH
As a marine biologist, Mark Brown, vice president of Markel
Corp.'s environmental division, often wondered if there was money
to be made on marsh grass. Now as head of a large . . .
Recruitment is the real issue.(BROKERAGE)
Industry journalists, myself included, spill a lot of ink on issues
du jour like modernizing state regulation, enacting an optional federal
charter, and fashioning a national catastrophe insurance . . .
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