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Risk & Insurance

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Ratings houses: where the less than qualified reign: oft-heard complaints about ratings agencies are more than just the grumblin
Take your pick on how you want to diss the dealers of ratings respectability. You could suggest similarities to the likes of Arthur Andersen, on the from the very same clients about which . . .

Ratings houses: necessary, fair and accurate: for every stumble, ratings agencies rack up hundreds of accurate and reliable call
By now the refrain's become almost a cliche: Ratings agencies are late on the call. Why is it that they too often downgrade companies after the news hits the front page or comes streaming across . . .

Upcoming events.(Calendar)
SEPTEMBER 6-9 CPCU Society The annual meeting of the Chartered Property Casualty Underwriters Society features educational seminars focused on leadership and technical property and casualty . . .

Directory.(Directory)
DIRECTORY THIRD-PARTY ADMINISTRATORS Below are paid listings of third-party administrators (TPAs) according to the types of claims they handle: health care; disability; workers' comp; managed care . . .

Industry risk report: utilities and energy.
INDUSTRY RISK REPORT UTILITIES AND ENERGY Thanks to increases in and the volatility surrounding petroleum an natural gas prices, risk managers working or energy producers are more likely to be . . .

Power struggles: risk managers who lock in too much supply through long-term contracts could find themselves in trouble if commo
[ILLUSTRATION OMITTED] Consider the high wire act facing risk managers at power companies these days. Prices for natural gas and coal--the raw materials needed to fuel their power plants--are . . .

SCHIP: "Live" ordinance or dud? What does the SCHIP Extension Act claim reporting requirements have to do with the Medicare Seco
[ILLUSTRATION OMITTED] Introduced in 1981 as part of the Omnibus Budget Reconciliation Act (OBRA), the Medicare Secondary Payer (MSP) law was intended to preclude Medicare from making payments . . .

Lloyd's two-way traffic: as Lloyd's seeks to plant its flag in more locations worldwide, so new overseas buyers are coming to Lo
[ILLUSTRATION OMITTED] "Oh, East is East and West is West, And never the twain shall meet," wrote poet Rudyard Kipling in the late 19th century as the British Empire reached its zenith. Modern . . .

The Aon bond: for Michael D. O'Halleran, executive chairman of Aon Re Global, life at Aon began when Aon founder Pat Ryan ran in
[ILLUSTRATION OMITTED] Michael D. O'Halleran once asked one of his mentors what an accounting and economics major should do with his life. "Look at business insurance," O'Halleran recalls . . .

Felling the premium fraudsters: employers have discovered many ways to avoid paying their appropriate amount of workers' comp pr
[ILLUSTRATION OMITTED] Mention workers' compensation fraud and images of videographers lurking in the bushes to catch some schemer in the act of peeling off his neck brace for a game of tennis . . .

Cedant scrutiny: reinsurers face more scrutiny from cedants as the market softens and as enterprise risk management elevates the
[ILLUSTRATION OMITTED] Can we stop calling reinsurance reinsurance--please? There are many reasons to mistrust, even hate the word. It is inaccurate, it is vague. Worse yet, the word in its . . .

Triaging claims for optimal outcomes: treating claims as active, breathing entities with their own characteristics, needs and ti
[ILLUSTRATION OMITTED] Similar to a triage nurse in an emergency room (ER), claims professionals must evaluate the severity of each claim that comes their way and quickly identify the appropriate . . .

Working all sides of the aisle: Bill Zachry is hitting his stride as vice president of risk management at Safeway Inc. while als
At 53, Bill Zachry, vice president of risk management for Safeway Inc., is in his prime. In California alone, notes an adviser who is close to Safeway, "Zachry has lopped off $100 million in costs . . .

Striking a health care partnership: challenges: risk managers looking to insure key personnel abroad need to look for health com
Giant multinationals aren't the only companies operating on the global stage today. An increasing number of companies of all sizes now find themselves doing business in more and more countries . . .

The shadow knows no bounds.(THE LAW)
When the salmonella outbreak started in April, the Centers for Disease Control and Prevention quickly focused on tomatoes as the probable culprit. While tomato growers cried foul (or just cried), . . .

Picking-off this risk manager.(RISK MANAGEMENT)
One of my favorite charles dickens books is Oliver Twist. We experience the wide-eyed innocence of an adorable little boy, orphaned and left to fend for himself. The ugly streets of . . .

Contingency redux.
Four years ago, when Eliot Spitzer was a high-flying attorney general of the state of New York, he single-handedly pierced the disgraceful bubble of bid-rigging and double-dipping that had become . . .

Revising the Matthew gospel.(ROGER ON RISK)
The following biblical fragment was recently discovered in a vault deep beneath the Negev Desert. It is presented here for the first time. Scholars are divided as to its authenticity, but all agree . . .

Strengthening a covenant.(WORKERS' COMP)
The share of the American workforce filled by foreign-born workers has increased from one in 10 in 1990 to one out of six in 2006. Immigrants thrive here as workers because labor shortages exist . . .

Aon.(BROKER MOVES)
PHIL TOMPSETT is the new national head for Aon 's public-sector risks team in the United Kingdom. Tompsett will be charged with supporting public-sector risk managers and, as part of the . . .

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