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9
10, 2015
New FERMA President to Focus on Success of Professional Certification Program
The new president of the Federation of European Risk Management Associations (FERMA), Jo Willaert, says the success of FERMA’s new professional certification program, rimap®, is a principal objective of his two-year term in office. Certification, or rimap, is a major …
6
10, 2015
Deadly West Virginia Mine Explosion Trial Puts Spotlight on Massey’s King Coal
Before death came to Upper Big Branch Mine, Donald L. Blankenship managed his patch of Appalachia like King Coal incarnate. Outside homes in rural West Virginia flew the banner of his company, Massey Energy Co.: a flame leaping out of …
6
10, 2015
Credit Firm Experian Dealing with Fallout from T-Mobile Customer Breach
Experian, the world’s biggest credit data firm, could face fines and class-action lawsuits as well as reputational damage from the data breach at its U.S. business, according to analysts covering the company. Experian’s shares fell about 4.5 percent to their …
6
10, 2015
Risk Managers Show Value with Their Understanding of Risk Tolerance: Willis
A proper understanding of risk tolerance is one of the key factors that can help the risk function demonstrate that it is much more than a cost center and truly adds value to the organization, according to John Merkovsky, head …
7
10, 2015
Karen Clark & Company Updates RiskInsight Modeling Platform
Software product and consulting service provider Karen Clark & Company (KCC) has released RI4, an update to the RiskInsight open loss modeling platform. The update includes enhanced global mapping capabilities, more detailed and interactive underwriter and CEO dashboards, and advanced …
5
10, 2015
Hub Acquires Assets of California-based Johnson & Wood
Hub International Ltd. has acquired the assets of Carlsbad, Calif.-based Johnson & Wood Insurance Services Inc. Terms of the deal were not disclosed. Johnson & Wood President Ed Johnson, and Stuart Wood, vice president, will join Hub California and report …
9
10, 2015
FERMA Forum Focuses on ‘Great Difficulties’ in an Ever Riskier World
The FERMA Forum differs from the Reinsurance Rendezvous in Monte Carlo, as it is mainly attended by corporate risk managers, rather than reinsurers and brokers. This year, however, two overriding concerns were uppermost in the minds of those attending both …
6
10, 2015
Allied World Enhances Policy for Insurance Agents & Brokers
Allied World North America has introduced an updated policy for insurance agents and brokers with expanded definitions and coverage. According to Al Fantuzzi, senior vice president of the North American E&O Division at Allied World, the new product offers clients …
8
10, 2015
Florida Resident Files $5M Suit Against Volkswagen
A Fort Myers law firm has filed suit against Volkswagen in the United States District Court for the Middle District of Florida and seeks more than $5 million in damages, accusing the carmaker of false advertising and other deceptive practices. …
5
10, 2015
Former Southern California Insurance Agent Sentenced for Felony Fraud
Hesham Saleh Ibrahim, 57, of Palmdale, Calif., pleaded no contest to felony insurance fraud and was sentenced to three years felony probation, 30 days community labor and ordered to pay nearly $1,000 in restitution and fines. Ibrahim was charged in …