IRMI Insights

The IRMI Insights column consists of white papers written by industry experts on various risk management and industry topics.

IRMI's Influence in the Courts—Shaping Insurance Law

Courts rely on IRMI publications and services when deciding complicated insurance litigation. Why? Because of IRMI's reputation as the insurance industry's most trusted resource for factual, historical, and unbiased information. See details of some decisions and a list of cases citing IRMI reference services, expert commentary, and glossary definitions in this interesting white paper.


Sound Advice for Contract Drafters: Fix Your Out-of-Date Insurance Requirements!

Too many business contracts include insurance clauses that use outdated, ambiguous, and misleading insurance terminology. In fact, many contracts rely on insurance terminology that has been out-of-date for decades! Though very common, this is an inexcusable error in contract drafting. The result is a contract provision that does not achieve its purpose and can lead to costly disputes or legal battles. With a little homework and due diligence, these provisions can be updated to better protect the party imposing the requirements while reducing the burden on the party accepting them. This article explains how.


101 Common Commercial Lines Coverage Gaps To Avoid

What are the most common commercial lines coverage gaps? This white paper from IRMI answers this question, and you can download from at no cost. Based on input from the readers of IRMI Update with input from the IRMI research analysts, this handy list can help you avoid costly and embarrassing coverage mistakes. If you subscribe to IRMI reference products, we have even added links to discussions of each coverage issue within the IRMI Knowledgebases on ReferenceConnect and IRMI Online.


Solving the Insurance Industry Talent Crisis by Investing in Risk Management and Insurance Graduates

This white paper discusses the talent crisis in the insurance industry caused by impending baby boomer retirements. It offers compelling reasons for recruiting new talent from universities with proven risk management and insurance undergraduate educational programs, explains how to evaluate the quality of a program, and provides strategies for ensuring the best hires. It also builds a case for providing financial support to these risk and insurance educational programs as a way to help attract new talent into the industry in the future. The author is Brenda Wells, an associate professor of risk management and insurance, licensed agent, and industry consultant.


IRMI Directory of Risk Management and Insurance Programs at U.S. Colleges and Universities

Provided as a complement to "Solving the Insurance Industry Talent Crisis by Investing in Risk Management and Insurance Graduates," this directory provides snapshot overviews of schools with risk management and insurance (RMI) educational programs that place major emphasis on RMI studies. It includes information to help you evaluate a program and determine whether to pursue its students. Contact information for the RMI department heads and website links are also provided.


The Effect of Insurance Education on Student Attitudes: A Study of the Property and Casualty Insurance Industry

Do college-level principles of insurance courses fundamentally change student attitudes and/or opinions of the property and casualty insurance industry? This study was conducted to find out through student surveys. The results reflect a more positive impression of the industry and a greater interest in working in it as a result of taking the course.


Personal Lines Insurance Coverage Gaps: Analysis and Resolution

One of the property-casualty insurance industry's key goals is to properly indemnify its personal lines insureds who suffer property or liability losses, particularly severe ones. And yet our industry, for a variety of reasons, does not always accomplish this objective. This situation can be ameliorated by agents and brokers transitioning from being merely insurance salespeople to personal risk managers, especially for those personal lines clients with myriad and multifaceted loss exposures. One of the most effective ways to serve as a risk manager is to uncover and resolve key coverage gaps via a variety of risk management techniques. This article will examine some of these more important personal lines coverage gaps and the resulting appropriate techniques.


Analog Adjusting in a Digital World

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.


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