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Enterprise Risk Management

Modeling the Reality of Risk: The Cornerstone of Enterprise Risk Management

Samir Shah, Jerry Miccolis | July 14, 2001

A major reason managers are frustrated with their progress on ERM is because they don't have adequate risk modeling tools. Learn why standard statistical models don't work well for operational risks, but structural models do.

Risk and Insurance History

The World's First Insurance Company

Barry Klein | July 1, 2001

In 1666, the Great Fire of London nearly destroyed the city. Barry Klein explains how the first insurance company—as well as the first fire brigade—emerged from the ashes.

Surety

Surety Bond Penalty Waivers in Takeover Situations

Marilyn Klinger | July 1, 2001

Learn how surety bond penalty waivers apply in takeover situations and understand the legal implications for performance bonds and sureties. Marilyn Klinger discusses.

Surety

All Guarantees Are Not Created Equal

Rolf Neuschaefer | July 1, 2001

In construction, the obvious alternative to the owner/lender assuming the performance risk is to secure some form of guarantee. Rolf Neuschaefer examines some of the alternatives and highlights differences between them.

Risk and Insurance History

The Great Fire of London

Barry Klein | June 1, 2001

Barry Klein explains how the Great Fire of London catalyzed the birth of the modern insurance industry and explores the historical events that shaped its emergence.

Drafting and Interpreting Policies

Sick Building Syndrome and a Definition of "Pollution Conditions"

Kenneth Wollner | June 1, 2001

Are sick building syndrome claims covered under your insurance policy? Check the language. But what conclusion do you reach when the conditions, definitions, and exclusions don't jibe? This article examines the quandary.

Reinsurance

The Trouble with Giving Away the Pen

Larry Schiffer | June 1, 2001

Managing general agents have always been used to provide special expertise to insurance/reinsurance companies. However, they are often viewed negatively. Larry Schiffer discusses some of the problems that arise in a managing agency relationship and suggests viable solutions.

Agent and Broker Technology Issues

Next Generation Management Systems

Steve Anderson | May 12, 2001

Steve Anderson describes current Application Service Providers and their offerings, including advantages and disadvantages to consider.

Liability Insurance

Insurance Coverage Disputes and Society's Problems

Jill Berkeley | May 1, 2001

Unfortunately, insurance coverage disputes mirror casualty and liability losses throughout the world. This article examines recent litigation involving insurance coverage disputes and violent crimes and sexual assaults.

Workers Compensation Issues

Workers Compensation and Medicare

Jim Pocius | May 1, 2001

Medicare now believes there has been an illegal shift of medical benefits from workers compensation insurers to Medicare. To stem this flow, Medicare hopes to examine all workers comp settlements, even when claimants do not qualify for Medicare benefits. Jim Pocius explains what may be in store in this controversial area.