ISO Emerging Issues Perspective Educate yourself to provide the best coverages for your clients Flood insurance in the United States has a long and complicated history, dating back to 1968, when the National Flood Insurance Program (NFIP) was created with the noble intention of providing affordable insurance for flood-prone communities throughout the country. As of today, the program is more than $23 billion in debt, primarily because of large payouts
Commercial Lines
RISK MANAGERS’ FORUM Environmental exposures call for risk management program development Located in a valley surrounded by mountains, at an elevation of 7,760 feet, Mexico City is well-poised for unique pollution and climate conditions. The greatest challenges include air contamination, water supply and leak control, hazardous/non-hazardous waste management, and noise pollution. The primary cause of these environmental problems is overpopulation; more than 21 million inhabitants occupy an area with insufficient
A house-call approach means the patient is more engaged and treated in a comfortable environment Once upon a time, injured workers who needed physical therapy (PT) would leave work, drive to a clinic where there were throngs of other patients, and spend about an hour doing a combination of machine-based exercises and—at least to some extent—talking with a physical therapist. Those days may be going by the wayside, along with
Agents and brokers can play a key role in encouraging clients to adopt this promising new approach Over the past decade or so, risk management has grown and matured. Perhaps most significant has been the move toward a more comprehensive view of risk management known as enterprise risk management (ERM). ERM has developed around the concept that risks can provide corporations rewards. To gain the most from their ERM programs,
President lays out plans for continued growth for the association and the profession Like most professional associations, the Risk and Insurance Manage-ment Society (RIMS) selects new directors and officers annually. In years gone by, selection was made at the RIMS annual conference. However, they found that arrangement difficult to work with, so now the election takes place at the beginning of the calendar year. Nowell Seaman, RIMS-CRMP, FCIP, CRM, director
