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Issue
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April 15, 2005
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Cover Story
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Seduced by Stardom
By Steve Yahn
As the economy improves, consumer demand for entertainment is rising again, and with it the risk that entertainment industry insurers will be lured into putting premiums on the books. With entertainment giants preparing to launch an array of multimillion-dollar offerings as consumers open their wallets, entertainment industry insurers and brokers suit up for a starring role.
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Evolution Revolution
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Features
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Dodging the Crossfire
By Steve Yahn
As media platforms expand in scope and complexity, so do the new challenges falling on the shoulders of risk executives in the entertainment industry. Exposure to errors and omissions liability is high, and getting higher. Fortunately, E&O products are changing with the times.
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Born to Write Code
By Michael Fitzpatrick
It's a story straight out of Silicon Valley: A 5-year-old boy begins programming; gets a job writing code in high school; starts up a software company in college; secures venture capital funding and then turns an industry on its head. In Robert Morrell's case, the startup took root in Georgia, and risk management information technology will never be the same.
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At Long Last, Credit Insurance Gets Its Due
By John Williams
Historically, U.S. companies tended to purchase credit insurance when the economy was weak to gird themselves against the risk of a customer going bankrupt. In the midst of a stronger economy, however, companies still see value in credit insurance. But buyers should educate themselves on the details of credit insurance before making a commitment.
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Niche Market Gains in Popularity
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Guessing Game Jitters
By Paula Green
As companies cut costs and boost productivity by using complex inventory management techniques, they may be unwittingly putting themselves at risk for a property loss--their own, or that of a key supplier. This murky pool of unknown and unknowable risk is giving underwriters a bad case of the jitters.
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Bright Lights, Big Risks
By Steve Yahn
For hot entertainers and other types of celebrities, media exposure is desirable, but other kinds of exposure are not. Hence the need for a unique breed of financial "bodyguard"--agents who tend to the specialized financial and insurance needs of the stars, both business and personal.
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Smells Like Team Spirit
By Lance J. Ewing
By establishing "central risk teams," Caesars Entertainment has developed a strategy for accountability at the management level. These teams, headed by a chief risk professional, enable internal auditors to coordinate and work cohesively with the legal and accounting departments.
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Oops, Insurance Carriers Did It Again
By Steve Yahn
Eight carriers get a taste of pop tart Britney Spears who is suing them because they rejected a claim in excess of $9.8 million she filed after injuring her knee during a video shoot during her "Onyx Hotel Tour." It was the second time she had been issued a policy despite a widely publicized prior injury.
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Insuring the Flesh
By Steve Yahn
Did Jennifer Lopez really insure her most famous asset? Ask the man who underwrites celebrity body parts coverage for Lloyd's of London. Jonathan Thomas talks candidly with Risk & Insurance¿ about his high-profile clientele and how he decides which stars are good risks.
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Profiles in Security
By Tom Starner
A high-tech risk management software application used only by government agencies so far can help public entities and private companies better protect themselves from catastrophic losses in the event of a terrorist attack. Ideal for use by cities, it also shows promise as a tool for protecting any property.
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An Upstart Steals the Show
By Steve Yahn
How did ASU International's new film venture outfox Hollywood underwriting giant Fireman's Fund Insurance Co. and steal an account worth millions? The right people, the right paper--and some exceptionally good timing.
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Old, Wiser, and On the Job
By Marybeth Stevens
The current workforce is brimming with baby boomers and many of them are postponing retirement, either by choice or by circumstance. This is a boon for employers in terms of retaining skilled and experienced workers, but with that boon comes a unique set of risk management challenges that must be addressed.
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A Wisconsin Firm Braces for Impact
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The Numbers Game Begins to Shift
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Columns
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Departments
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Special Reports
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Catastrophic Risks
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Earthquakes are enough for any corporation to handle when it comes to protecting their properties, supply chains and businesses in earth-shaking hotspots. But now scientists are alerting risk managers to another potential business-stopping catastrophe--avian flu pandemic.
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More Special Reports
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Industry Risk Report
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Construction
Living a "sheltered" existence is over for the construction industry, which is struggling with tight capacity, restrictive coverages and a barrage of lawsuits. Find out how some risk executives are coping, and they've done to secure their companies with a bedrock risk management plan. Click above to read more on this industry, or view the industry risk table.
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More Industry Risk Reports
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