The energy industry is at a pivotal point in its recovery, following an extremely challenging operating environment during the global financial crisis, with demand starting take off and projects that had stalled now beginning to get off the ground, says broker Aon Ltd.
Italian petrochemical case clarifies polluters’ responsibility as EC mandatory insurance system unlikely for now.
Tendency among risk managers in financial firms and corporates to think and talk differently about operational risk does not help, warn experts.
RIMS, the U.S. risk management association, has announced that it is ‘pleased’ that broker Marsh has decided not to accept contingent commissions for its core broking business in the U.S.
The Institute of Risk Management and the Norwegian Risk Management Association, NORIMA, have announced a joint education initiative whereby NORIMA will promote the IRM’s qualifications to its members at a preferred partner rate.
Alarm, the U.K. public risk management association, has entered into a joint initiative with the IRM in Northern Ireland to deliver a one day risk management event.
The Dutch insurers’ association, the Verbond van Verzekeraars (NVV), has published a position paper on broker remuneration that calls for Customer Agreed Remuneration (CAR), a mandatory disclosure system, for non-life insurance transactions in the Netherlands.
Insurance buyers should not fear an E.U.–wide mandatory financial guarantee scheme for Environmental Liability Directive (ELD) coverage that could, in fact, increase the number of carriers in the market and lower pricing for these new liabilities, an environmental expert at insurance company ACE told Commercial Risk Europe.
The European Union adopted two Directives last week designed to improve worker’s parental leave rights and protect them from injury at work in the healthcare sector.
A European Commission report on the efficiency of the Environmental Liability Directives (ELD) is due next month and could recommend the adoption of an E.U. wide mandatory financial security scheme. But, insurers and operators alike have urged the commission to refrain from making this move.