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The 30th annual conference of the Risk and Insurance Management Society (RIMS) was held Mar 29, 1992, through Apr 3, 1992, in Anaheim, CA. The conference encouraged risk managers to assume more control in the face of increased international competition and risk exposures. Outgoing RIMS Pres Bob Esenberg stated that risk managers should make corporate decision makers aware of how risk management can improve profitability., THE RIMS CONFERENCE IN ANAHEIM, MARCH 29 TO April 3, was more than just an anniversary celebration of three decades of the Society's commitment to the risk management function. It [...]

The majority of risk managers were attracted to the field by the diversity it offers. Risk managers must be able to adapt to everything from volcanic eruptions to the changing geo-political climate. Sales skills are particularly important for risk managers, who must present their proposals convincingly to management. However, prospects are sometimes dissuaded from entering the profession because risk managers are the first to be let go when cutbacks occur., WHAT IS IT ABOUT ANY great job that attracts aspirants like wolves to caribou in the tundra? Is it money? Power? Steady career advancement? In this day and age, long-term [...]

Hotels must improve access for the physically handicapped, provide security for their guests, deal with high damage awards in tort lawsuits, and handle an increased number of worker's compensation claims. David Mikulina, risk manager for the Hyatt hotels, provides security personnel with feedback on claims in order to increase their efficiency. Some franchised and chain hotels presently consolidate their risk management reporting and claims. Risk managers are beginning to look into self-insurance now that the insurance market is becoming unpredictable and the expense of coverage is increasing., HOTELS AND MOTELS, ESPECIALLY LUXURIOUS franchise chains and vacation resorts, help harried travelers 'escape' from the daily grind into a rarified world of wonderfulfood, lush appointments and excellent. service. Indeed, [...]

When thousands of risk and employee benefits managers marched into downtown New Orleans, they were greeted not only by a historic city of French Quarter architecture and Mississippi River paddleboats [...]

Western Union Priority Mail Services has introduced Elite Priority Letter Service (Elite PLS) for printing and disseminating insurance forms. Elite PLS also has the ability to merge graphics into fixed text. Claimants that use Elite PLS can receive their forms within two days. This service can also benefit risk managers, who must evaluate the possibility of subrogation in workers' compensation claims., YEARS AGO, before the advent of Federal Express and other overnight delivery systems, sending a wire via Western Union was the quickest and surest way to convey written information to [...]

Many insurance companies, in response to the increasing costs of life and health insurance claims, have placed restrictions on AIDS coverage through exclusions and limitations on payments. Some 23% of large multinational corporations have at least some restrictions on their insurance policies for AIDS-related illnesses. Some 10% of multinationals have negotiated waivers with insurers, while 20% have paid claims that insurers have not covered., DUE TO THE insidious nature of the H.I.V. virus, medical efforts to find a vaccine for the infection that causes AIDS are inching along. However, as researchers around the world [...]

Workers' Compensation Costs Helping to Erode the GNP In an increasingly complex world, consensus can be difficult to achieve. However, the view that health care spending in the United States [...]

Changes in insurance industry regulation in the 1980s made managing companies more difficult, said North Dakota Insurance Commissioner Earl Pomeroy. His remarks, made at a recent American Bar Institute conference [...]

The cry of outrage over the beating of Los Angeles motorist Rodney King a few months ago and subsequent calls for the dismissal of that city's police chief, Daryl Gates, [...]

The Persian Gulf war and the deepening U.S. recession may have been to blame for the subdued and somewhat uneasy mood shared by speakers and attendees at the recent Atlanta [...]

Perhaps never in this century has the pace of worldwide change been so dizzying as in the last year. As the European Economic Community lumbers inexorably toward union in 1992 [...]

Members of Congress Discuss Issues at III Briefing By most estimates, the insurance industry is facing a disquieting future. Health care costs are rising to record levels and many industry [...]

In a session forecasting whether the federal government will enact minimum health care legislation in the near future, the consensus seemed to be that 'panic buttons' are being pushed now. [...]

Risk Managers Attempt to Frame an Ethical Code Developing viable ethical systems by which to live and work has been a challenge to mankind since the advent of civilization. As [...]

A Changing Work Force Will Impact Employee Benefits The characteristics that have been at the root of America's economic strength in the past, are also responsible for many of its [...]

Pension Trustees Control Corporate Purse Strings Over $2.6 trillion is currently floating around in America's pension systems, according to Edward Regan, New York state comptroller. 'We are a nation where [...]

Technological advances in computing and the desire to control the cost of health care have created the potential for abuse of patients' health-related information. The trust in the patient-physician relationship has been destroyed by the ability of employers to search data bases for information on employees with cancer, AIDS and other illnesses. A provision of the Americans with Disabilities Act may help preserve the confidentiality of employee health information., AMERICANS HAVE ALways shared a peculiar trait-the almost universal belief in the sanctity and omnipotent healing power of any medical technology that can be characterized as the newest, brightest and [...]

Some insurance companies are becoming more specialized so that they can remain competitive. This trend toward specialization in certain markets and coverages will have a dramatic effect on risk management. Travelers Insurance Co has become highly proficient in handling workers' compensation claims as a result of its specialization in that area. Claims administrators focus on injuries rather than the cost of claims., MANY COMPANIES are extending their global reach in order to stay competitive into the next century. At the same time, however, some insurers are contracting their books of business and [...]

RIMS President Makes Plea For Involvement In opening the annual Florida Joint Educational RIMS Conference in Naples, RIMS President Robert Esenberg reminded risk managers that they cannot afford to ignore [...]

Environmental Cleanup Efforts Called a 'Disgrace' Between $50 billion and $60 billion has been spent in the last 10 years to clean up a mere 30 environmentally hazardous Superfund sites [...]

A new accounting standard, recently issued by the Financial Accounting Standards Boards, focuses companies' attention on the cost of retiree health benefits, according to a report released by the Employee [...]

by Tom Johnson The Palm Beach and the Southwest Florida chapters have been granted charters by the Executive Council of the Risk and Insurance Management Society Inc., bringing the total [...]

Although the sheer number and quality of educational seminars, industry sessions and exhibitor booths afford the annual Risk Management and Employee Benefits Conference a unique standing in the insurance industry, [...]

In saving for retirement, nearly 68 percent of Americans would prefer that employers contribute a percentage of salary to a retirement savings plan on their behalf rather than receive the [...]

Although much public debate on U.S. health care policy focuses on reform at the national level, many states are making important changes in the delivery and financing of health care [...]

by Tom johnson At the fronting working group hearing at the National Association of insurance Commissioners' winter meeting in Louisville, KY, Patrick Foley, vice president and associate general counsel of [...]

by Tom johnson Skyrocketing medical costs plus the stifling vertigo felt by many people in the health care industry have thwarted efforts to come to grips with the health care [...]

by Tom johnson Back in 1988, in response to the quagmire of legal liability problems that confronted many volunteer organizations, George Bush made a campaign pledge to 'remove the chill [...]

The Executive Council has granted a charter to the Sacramento Valley Chapter, bringing the total number of RIMS chapters to 86. According to Deborah Luthi, president of the new chapter, [...]

Modern technology in the form of satellite links, electronic mail and sophisticated computer graphics make global communication not just a reality but a necessity for many companies. According to Kevin [...]

Many big companies at least once face the pleasant quandary of what to do with surplus cash after the liabilities and assets have been offset on their balance sheets. According [...]

by Tom johnson The economic and political upheaval countries are experiencing in the Eastern bloc has drifted west and is influencing session selection at this year's RIMS conference in Boston. [...]

U.S. Maritime Industry Just Barely Treating Water American shipbuilding capabilities and the U.S. maritime industry are in a state of 'tragic decline,' according to Rep. Jack Fields (R--TX), and the [...]

NCCI `Rebuilds' a Workers' Comp Consensus Just as the First Continental Congress met in Philadelphia 213 years ago to forge a consensus, the National Council on Compensation Insurance's recent Workers' [...]

Hard Market Horizon Debated by RIMS in Florida Avoiding hard market cycles that could be on the horizon in the next decade was just one topic debated at the RIMS [...]

Workers' Compensation Faces New Challenges When asked about challenges facing the American workers' compensation system during the next decade, a seminar panelist replied, 'workers' compensation is so close to my [...]