Risk & Insurance Wins Two Prestigious Awards for Trade Coverage

Risk & Insurance® has received two national ASBPE awards for its coverage on Hank Greenberg and potential Black Swan scenarios.
By: | May 14, 2019

Risk & Insurance® is proud to announce its editors and writers  picked up two ASBPE national awards for in-depth reporting in 2018. These designations are in addition to the four regional awards the magazine announced earlier this month.

Going for Gold

In a dazzling sweep, R&I’s exclusive 2018 Q&A with insurance industry legend Hank Greenberg received both a gold national award and a gold regional award from the ASBPE.

Featured in our October 15, 2018 issue, 100 Years and Growing looked into the long and successful career of Maurice “Hank” Greenberg.

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Risk & Insurance® sat down with Mr. Greenberg in his Park Avenue office last September to hear his thoughts on the centennial of C.V. Starr, the dynamics of U.S. trade relationships with China and the future of the U.S. insurance industry as it faces the challenges of technology development and talent recruitment and retention.

In a robust and frank conversation, the builder of AIG provided readers with unique insights into global trade, his past battles and what the future holds for the industry and his company.

“The country and the world will always need insurance,” Greenberg said. “That doesn’t mean that what we have today is what we’re going to have 25 years from now.

“How quickly the change comes and how far it will go will depend on individual companies and individual countries. Some will be more brave than others. But change will take place, there is no doubt about it.”

Black Swans, Bronze Awards

Since August of 2013, Risk & Insurance® writers and editors have interviewed academics, government officials, reinsurers and risk consultants to get their take on Black Swans — very rare events that could strike with catastrophic severity.

In 2018, digital producer Autumn Heisler dove deep into the possibility of a mega-tsunami that could wipe out the East Coast. Associate editor Katie Dwyer explored the terrifying events following a global pandemic outbreak. R&I’s August 2018 Black Swan coverage earned a bronze national award from ASBPE.

In  A Mega-Tsunami Is Coming; Can the East Coast Even Prepare?, R&I focused in on the Cumbre Vieja volcano, nestled on the western shore of the island La Palma. It has laid dormant for nearly 50 years, but if it were to erupt, it has the potential to birth a massive 3,000-foot wave that could wreak havoc from Boston to Miami.

Researchers and scientists Steven Ward and Simon Day quantified the features of a possible La Palma mega-tsunami, noting it could be a huge disaster, and — scarily enough — it’s not impossible.

“La Palma has a lot of water in it,” Ward explained. “The thinking is that in some future eruption, hot magma will reach this water, turn it into steam and the steam will split the mountain.”

A landslide of that scale could send out a mega-tsunami-sized wave. Ward said the hard part is predicting if, or when, the landmass will actually slide into the Atlantic. Luckily, such an event won’t likely come out of the blue, he said. There will be a buildup of volcanic and tectonic activity beforehand that will aid researchers in forecasting a potential disaster.

Viral Fear: How a Global Pandemic Kills an Economy follows a strain of the flu as it mutates and becomes highly lethal to humans who are ill-prepared for an outbreak of global proportions. And while the flu doesn’t sound so scary, “Influenza is constantly undergoing mutations, so it’s the greatest threat in terms of pandemic potential,” said Maria Paul, director of product management at RMS.

Contributing to the global reach of this pandemic scenario is the high speed and high volume of modern day travel. And fast international travel is not the only characteristic of modern life making today’s population vulnerable to pandemic; longer lifespans are another contributor, as is antibiotic resistance.

This marks the fourth time that Risk & Insurance® picked up a regional or a national award for its Black Swan coverage.

Every year, the American Society of Business Publication Editors (ASBPE) recognizes editorial excellence and achievement through its annual Awards of Excellence competition.

To read more about the ASBPE award criteria, visit here&

The R&I Editorial Team can be reached at [email protected]

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The R&I Editorial Team can be reached at [email protected]