Wiley-Blackwell: Risk Management & Insurance Review最新文献_第3页

A Pedagogical Note on Risk Framing 关于风险框架的教学笔记

Wiley-Blackwell: Risk Management & Insurance Review Pub Date : 2004-09-01 DOI: 10.1111/j.1098-1616.2004.00042.x

Michael M. Barth, John Hatem, Bill Yang

引用次数: 8

Exposure Triggers and Allocation Methods: Learning Lessons from Prior Court Rulings 暴露触发和分配方法:从先前的法院裁决中吸取教训

Wiley-Blackwell: Risk Management & Insurance Review Pub Date : 2004-03-01 DOI: 10.1111/J.1098-1616.2004.00037.X

Charles R. McGuire, Kathleen A. McCullough, George B. Flanigan

{"title":"Exposure Triggers and Allocation Methods: Learning Lessons from Prior Court Rulings","authors":"Charles R. McGuire, Kathleen A. McCullough, George B. Flanigan","doi":"10.1111/J.1098-1616.2004.00037.X","DOIUrl":"https://doi.org/10.1111/J.1098-1616.2004.00037.X","url":null,"abstract":"This study provides a review of some of the major court rulings that have shaped and continue to shape the commercial general liability (CGL) market. The evolution of the concepts of \"triggers\" and allocations systems is examined to gain a perspective on the way in which courts reinterpret contract language to apply to new and emerging exposures. A review of the issues impacting the CGL provides valuable insights into the way court rulings can create a significant impact in the insurance market. A stream of court decisions provides the backdrop for today's challenges, including the reemergence of asbestos claims. The study also fills a gap in the literature related to the crisis in the CGL marketplace and changes in the pricing, regulation, and solvency of insurers operating in those lines. As old risks continue to evolve and new risks emerge, courts have begun to reinterpret liability contracts in much the same way as they reinterpreted contracts with regard to pollution and products in the 1970s and 1980s. Recent rulings related to asbestos and environmental liability underscore the importance of these issues in today's marketplace. By reviewing these events related to the CGL policy, insurers, insureds, and regulators may gain a new perspective on the importance of developing a clear standard wording that will be consistently interpreted in light of new exposures.","PeriodicalId":192218,"journal":{"name":"Wiley-Blackwell: Risk Management & Insurance Review","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2004-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127040902","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Tort Reform and Insurance Markets 侵权改革和保险市场

Wiley-Blackwell: Risk Management & Insurance Review Pub Date : 2004-03-01 DOI: 10.2139/SSRN.469904

W. Viscusi

引用次数: 10

The Effect of Corporate Governance on the Use of Enterprise Risk Management: Evidence from Canada 公司治理对企业风险管理运用的影响:来自加拿大的证据

Wiley-Blackwell: Risk Management & Insurance Review Pub Date : 2003-02-01 DOI: 10.1111/1098-1616.00020

Anne Kleffner, Ryan B. Lee, Bill McGannon

{"title":"The Effect of Corporate Governance on the Use of Enterprise Risk Management: Evidence from Canada","authors":"Anne Kleffner, Ryan B. Lee, Bill McGannon","doi":"10.1111/1098-1616.00020","DOIUrl":"https://doi.org/10.1111/1098-1616.00020","url":null,"abstract":"This article examines the use of enterprise risk management (ERM) by companies in Canada, the characteristics that are associated with the use of ERM, what obstacles companies face in implementing ERM, and what role, if any, corporate governance guidelines have played in the decision to adopt ERM. We obtained our data from the responses to a mail survey sent to Canadian Risk and Insurance Management Society members as well as telephone interviews with 19 of the respondents. The results indicate that 31 percent of the sample had adopted ERM and that reasons for adopting ERM include the influence of the risk manager (61 percent), encouragement from the board of directors (51 percent), and compliance with Toronto Stock Exchange (TSE) guidelines (37 percent). The major deterrents to ERM were an organizational structure that discourages ERM and an overall resistance to change. Although only about one-third of companies indicated that they had adopted an ERM approach, evidence was clear that a larger portion of the sample was moving in that direction, as indicated by what changes they had observed in their companies in the past three years. These include the development of company-wide guidelines for risk management (45 percent), an increased awareness of nonoperational risks by operational risk management personnel and an increased awareness of operational risks by nonoperational risk management personnel (49 percent), more coordination with different areas responsible for risk management (64 percent), and more involvement and interaction in the decision making of other departments. Contrary to what we expected, there was not a significant difference between firms that are listed on the TSE versus those that are not in terms of the propensity to use ERM. However, the fact that 37 percent of firms indicated that the TSE guidelines were influential in their decision to adopt ERM provides some evidence that the guidelines are influencing companies’ risk management strategies.","PeriodicalId":192218,"journal":{"name":"Wiley-Blackwell: Risk Management & Insurance Review","volume":"363 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2003-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126032490","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 371