Risk

Communicating Value

As Nancy Chambers gears up for her term as president of the Risk and Insurance Management Society (RIMS), she knows risk managers are in the midst of a difficult insurance market and increasing expectations from the highest corporate levels. Chambers follows a long line of Canadian RIMS presidents and says she will build on the successes of the past to forge new channels of communication for risk managers and their partners.

February 29, 2004

6 min read

Global Political Risks – Post-9/11

Suicide bombings in Baghdad continue to see a rising toll in deaths of “reconstruction” foreign workers and military personnel…Ongoing conflict between Palestinians and Israelis continues to produce reprisal acts of violence…A coup de tat in Haiti results in mass civil unrest…A previously unheard of terrorist organization in France plants bombs on the country’s major railway […]

February 29, 2004

8 min read

Vicarious Costs

Sexual Abuse in the Church Under Scrutiny; Vicarious liability is the startling legal concept that someone can be held liable for a third party's injuries when they were not actively involved in the incident that caused the damages. Parties sued for vicarious liability are generally, but are not always in a supervisory position over the person who would ordinarily be personally responsible.

February 29, 2004

8 min read

The Next Big “Tail” Liability?

While many insurers have written food-processing risks with a lenient attitude - with an eye cast at the food processing industry's historically attractive underwriting result - warning lights are now beginning to blink, suggesting that litigation involving the entire food processing enterprise, both animal and human, may be the next big thing in long-tail product liability.

February 29, 2004

7 min read