According to the National Law Enforcement Officers Memorial Fund, from 2015 to 2016, the number of police officers shot and killed in the United States increased by 44 percent. Retaliatory violence directed at officers has also jumped. This session at the RIMS 2017 Annual Conference and Exhibition addressed how the increase of violence against law enforcement affects public entities everywhere.  Speakers included: Darryl DeSousa, Deputy Police Commissioner, Baltimore Police Department Barry Scott, Risk Manager, City of Philadelphia Mark Walls, Vice President of Communications & Strategic Analysis, Safety National In 2017, 34 police officers were shot in the line of duty
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Mario Pecoraro, CEO from Alliance Worldwide Investigative Group, Inc. and Peter Roueche from Eastman Chemical Company spoke at the RIMS 2017 Annual Conference about workplace violence and patterns of behavior a worker might exhibit before a tragedy happens. Warning signs of people at risk include: typical behaviors, trends and profiles of aggressors, and mitigation factors leading to a breakdown with preventative measures. Behaviors can either be obvious ones or not so obvious. The obvious behaviors include unexplained behavior, absenteeism, repeated violation of company policies, emotionally charged, and depression. The other behaviors that might not seem so obvious are problems at
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At the RIMS 2017 Annual Conference, Hester Shaw, Internal Control Framework Director, GSK, and Sean Murphy, CEO, Lootok, lead a session titled Risk Shrink: The Human Element of Risk. The human element of risk is normally the one left off, but is one of the most important aspects in risk management. Each person behaves different in different situations based on their experiences and backgrounds. One speaker gave an example of two employees who were in Bueno Aires and were confronted by two strangers. The strangers tried to take their bags. Each woman responded differently based on their experience. One women
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Presenters took a critical look at the risk management landscape in this session at the RIMS 2017 Annual Conference and Exhibition to anticipate what issues may be on the horizon. Speakers included:  David North, President & CEO, Sedgwick, Inc. Michael Fenlon, Sr. Director, Corporate Risk Management, United Parcel Service David Stills, VP, Risk Management, Walmart Stores, Inc. Workers’ Compensation Workers’ compensation has been in flux, but it’s still front of mind. There’s a lot of talk about alternatives and it’s good how this is sparking discussion in the industry. If you think back at what the system was created to
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Regulators have expressly warned that organizations must be proactive and dedicated to minimizing cyber risk to themselves and their stakeholders. Accordingly, investigations and litigation targeting senior company executives are on the rise. This session at the RIMS 2017 Annual Conference and Exhibition highlighted the importance of directors and officers (D&O) insurance coverage considerations and how it protects senior executives during a potential cyber risk claim. Speakers included:  Joshua Gold, Esq. Shareholder, Anderson Kill P.C. Scott Corzine, Senior Managing Director, Ankura Consulting Group, LLC Current Cyber Landscape Potential exposures for cyber risk include business interruption, regulatory investigations, cyber extortion, third-party liability,
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During a session at the 2017 RIMS annual conference, Brent Reith and Lora Figgat explore the internet of things and its potential impact on governments, businesses and the property and casualty insurance industry. Brent is SVP Team Leader Professional Risk at Aon Solutions and Lora is Risk Manager – Liability at Avaya, Inc.  Here are some statistics regarding IoT growth rates: 10 billion devices were connected to the internet in 2015 34 billion devices connected to internet by 2020 $6 trillion will be spent on IoT solutions over the next 5 years Risks associated with IoT are security, failure to
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At the 2017 Advisen Casualty Insights Conference, a panel of industry executives discussed trends and developments in the casualty insurance industry. The panel included: Tony DeFelice – Managing Director and Casualty Practice Leader, AON (moderator) Keith Wolfe – President U.S. P&C Regional and National, Swiss Re Alexander Baugh – President Liability and Financial Lines, AIG Jonathan Zaffinno – President, Everest Insurance Paul Horgan – Head of North America Commercial Insurance, Zurich Several large casualty carriers posted significant reserve increases in the last couple years. What is the reason for the deterioration of the commercial insurance loss ratios? In the last
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At the 2017 Advisen Casualty Insights Conference, a panel discussed the role of captives in today’s casualty risk marketplace. The panel included: Joseph Peiser – Executive Vice President, Head of Casualty Brokering, Willis Towers Watson (moderator) Mike Serricchino – Senior Vice President, Marsh Jim Barbuti – Senior Vice President Global Risk Management, XL Catlin Soraya Wright – Risk Management Professional Barry Martin – Executive Vice President, Old Republic Risk Management Given the current soft pricing marketplace, why are companies still going through the effort to form and utilize captives? Captives are insurance market proof and recession proof. The number of
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At the 2017 Advisen Casualty Insights Conference, a panel discussed trends in large claims. The panel included: David Bradford – Co Founder and Chief Strategy Officer, Advisen (moderator) John Denton – Managing Director, Marsh Andy Barberis – Global Head of Excess Casualty Claims, AIG Marissa Beyers – Senior Vice President, Trial Behavior Consulting, Inc. When you talk about catastrophic claims in the casualty space, you are talking about very large dollar events. These used to cost $1-5 million dollars and now they routinely exceed $10 million. Catastrophic claims usually involve significant bodily injuries and can emulate from many different lines
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At the 2017 Advisen Casualty Insights Conference, a panel discussed how new technology and the customer-driven revolution is shaping the insurance sector. The panel included: Meredith Bullock – Senior Vice President, Berkshire Hathaway (moderator) Bob Reville – President and CEO, Praedicat Michael Ian Coles – Chairman and CEO, Cedent Shannon Totten – SVP Casualty Insurance Practice Leader Bermuda, Endurance Jim Keating – Founder, Chairman and CEO, Keating Companies The insurance market has not been the quickest adopter of technology, but progress is being made. Personal lines are leading the way as ease of use is a big factor in customer
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