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Home    Membership    Education    Annual Conference    Publications & Resources Sept. 8, 2011
 
 
 

Irene tests personal risk-management skills
Property Casualty 360    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Sam Friedman writes, "We like to think we're tough here in New York, but I'm not ashamed to say that the thought of a hurricane coming right at us scared the wits out of me. Frankly, I don't know how folks in storm-prone areas live with this threat all the time. What eased my nerves a bit was the discipline of risk management." More

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Phoenix area may lose funds for security
The Arizona Republic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Phoenix area is better prepared to handle a terrorist attack, natural disaster or pandemic than it was in 2001. Nearly $92 million in federal dollars has made sure of that. Police and fire departments used that money to buy highly sophisticated trucks, warehouses full of safety equipment and pay for thousands of hours of training for officers and firefighters through a federal program started in response to the Sept. 11, 2001, terrorist attacks. More

City, unions battle over pension plan
WMC-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The City of Memphis, Tenn., is catching flak over a proposal to make cuts to its employee pension plan. City leaders say the debt caused by the current pension model is unsustainable while union leaders say the proposed cuts will put the public at risk. Memphis officials say something has to give. They say the current pension model caused $531 million in unfunded liability and because of that, cuts are unavoidable. More

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Irene raises hurricane deductible questions
in hard-hit Northeast states

Insurance Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
New York and New Jersey regulators said recently that hurricane deductibles should not apply on homeowners' insurance policies for Irene damages in their states. That's because Irene was downgraded and designated as a tropical storm, not a hurricane, when it reached those states, according to the officials. More

California city warned it may lose its insurance coverage
Insurance Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A Southern California city has been told that it could lose its insurance if city officials and staff don't start getting their act together soon. That was the warning from the California Joint Powers Insurance Authority, an insurance pool for municipalities in the state. More

New city employees shouldering higher insurance premium costs
San Antonio Express-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Councilman Carlton Soules went to bat recently for the new guy. In a San Antonio City Council budget briefing on human resources, Soules questioned why new municipal employees would have to carry so much of the burden of increasing health care costs. For some employees, the rate increase is substantial. More

Supply chain risk management using a captive insurer
poses challenges

Business Insurance    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Some risk managers and organizations seeking to address their supply chain risks, highlighted by the disaster in Japan, have weighed covering their suppliers through their captive insurer, but few, if any, have taken that approach, experts say. More
 



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