A new survey finds 80% of companies bought a stand-alone cybersecurity policy in 2016, suggesting such plans are quickly becoming the new norm.
Erasing the deductibility of reinsurance would make insurers charge more and cut the availability of property-casualty coverage for corporations, according to the Risk and Insurance Management Society.
Recent tepid litigation against directors and officers may have led to a false sense of security about lawsuits to come.
As risk managers advance the use of risk standards, they naturally progress to the next logical step: better results.
The new president of the Risk and Insurance Management Society, also the risk manager of a major health-care provider, readies his employer for health-care reform so it can help its customers do the same.
Collaboration of risk-management and internal-audit functions is helping organizations improve efficiency, decision-making, and results.
Risk managers, often seen mostly as insurance buyers, have work to do in expanding their view of risk to match those of senior executives and board members.
Overconfidence may be laying the groundwork for shareholder litigation at many companies.
Senior executives expect strategic thinking from their risk managers, not just insurance buying.
Finance chiefs tend to underrate the importance of preserving their companies’ good names – until something really bad happens.
