Risk & Insurance Coverage Wins Awards
Risk & Insurance ® is proud to have garnered a national award for our Most Dangerous Emerging Risks issue that was published in April of 2012. The feature stories offered scenarios and analyses on some of the most dangerous risks affecting organizations.
“This project is one of the best examples of our team’s drive, talent and creativity.”
— Matthew Kahn, Risk & Insurance® publisher and executive editor.
The risks profiled included the dangers posed by the presence of pharmacy drugs in U.S. water systems; using social media as a weapon; the supply chain impact of typhoons; the emergence of organized protest movements; commodity price risks; workplace turnover tsunami; overpopulation due to longer life expectancies; and agroterrorism.
In addition, the magazine won three regional awards in the Northeast Regional editorial contest from the American Society of Business Publication Editors. The awards, which were announced in July, recognize the best editorial content in business-to-business publishing.
The ASBPE is the professional association for full-time and freelance editors, writers, art directors and designers employed in the business, trade, and specialty press.
National Gold – Special Section
By Cyril Tuohy, Dan Reynolds, Jared Shelly, Matthew Brodsky and Joel Berg
This section looked at new risks facing an array of industries. Social media was one emerging threat; in the hands of disgruntled consumers, Facebook and Twitter have the power to spread bad word of mouth and cripple any business. In the health care world, on the other hand, lengthening life expectancies resulting from medical advances pose a risk for long-term care insurers, Social Security, and employers offering healthy pensions. A third risk, agroterrorism, could ruin ranchers and farmers if a serious attack took place. Expert input helped our team analyze these risks and looked at how they could worsen in the future and explored ways industries could respond.
Northeast Regional Bronze – Individual Profile
A Believer in People (December 2012)
By Dan Reynolds, editor-in-chief
This profile of retiring Marsh & McLennan Cos. Inc. president and CEO Brian Duperreault recounts how the 40-year insurance veteran bolstered MMC when he joined the company in 2008. After more than 20 years at AIG and a stint as chairman and CEO of American International Underwriters, he was called on to steady MMC after it was rocked by accusations from then-New York Attorney General Eliot Spitzer. By focusing on why key team members had stayed with the firm, rather than the negative, he put the company’s best foot forward and girded it for future success.
Northeast Regional Silver – Regular Contributed Column
Solvency II Where Are You? (April 2012)
Has Bermuda Lost Its Class?”(July/August 2012)
By Roger Crombie, columnist
Crombie’s April 2012 column delivered a scathing opinion on the pointlessness and improbability of Solvency II, a review of capital adequacy of the European insurance industry. Due to Europe’s “amorphous” nature and the powerlessness of the European Parliament, SII is likely to never come to fruition. The latter column explains the new batch of reinsurers cropping up in Bermuda that break from the corporate format, partnering with hedge funds to sell insurance linked securities.
Northeast Regional Silver – Special Supplement
A Picture of Captive Health (April 2012)
By Matthew Brodsky, Cyril Tuohy and Dan Reynolds
The special report covered Vermont’s strength as the leading U.S. captive domicile. Easy-to-work-with regulators and a smooth licensing and application process attracted 41 captive insurance companies to the state as of 2011. Parent companies include the Community Hospital of the Monterey Peninsula and the Archdiocese of New Orleans, as well as a surging number of risk retention groups.