New in 2008, the IRMI Insights column consists of white papers written by
industry experts on various risk management and industry topics. In PDF form,
we encourage readers to share the IRMI Insights link with others.
Learn about new articles with IRMI Update, a free,
twice-monthly e-mail newsletter containing article links, risk tips, and other
news. The IRMI Insights articles are listed below.
Learn about becoming an
IRMI Insights Contributor
or how to reprint or reproduce
material from IRMI Insights, IRMI.com, or other IRMI publications.
All opinions expressed in IRMI Insights articles are those of the author,
and not necessarily those of the author's employer or IRMI. Also, your use of
IRMI.com ratifies your acceptance of the Terms
of Use.
Brent Winans, a Florida insurance agent and consultant, discusses Florida’s
use of a hurricane catastrophe fund to cover the risk of costal storm losses,
the inherent risks to taxpayers, and some of the facts that lawmakers might
consider when dealing with the situation. Like other risk professionals, he
expresses concern that the current system will collapse if “the big one” hits.
Mr. Winans concludes with the hope that legislators will seriously consider
the 13 recommendations made by the chair of the House Committee on Insurance.
William S. (Sandy) Rodgers, AIC, has spent over 40 years in the insurance
industry. In this article, he provides a historical review on the evolution
of the claims professional away from seasoned practitioners to the least experienced
and poorest paid individuals. He emphasizes that a change must take place, or
the future of property insurance claims adjusting will be in jeopardy.