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Risk Reports

U.S. Court Decisions Raise Concerns About Casualty Policy Wording
Recent court decisions in at least four U.S. states have taken aim at some basic components of commercial general liability (CGL) policies. The court cases represent a trend that appears to superimpose narrow, unconventional interpretations on longstanding policy language. Although the actions have all stemmed from cases involving construction contractors, they are now being interpreted against any business-to-business dealing and have the potential to affect all CGL policyholders.

Health Care Reform and Enterprise Risk Management
Many of the recently enacted U.S. health care reform act's most significant provisions will not become effective until 2014. This white paper explores how the law will affect health care providers' approach to enterprise risk management.

 

Terrorism Risk Insurance 2010
Marsh's latest terrorism report provides a snapshot of the major issues and trends surrounding terrorism insurance in 2010, including an overview of the Terrorism Risk Insurance Act (TRIA), property terrorism insurance purchasing in 2009, the standalone insurance market, captives, and more.

Excellence in Risk Management

The top 10 risks, new regulatory requirements, enterprise risk management — these issues and more are featured in the seventh annual Excellence in Risk Management report from Marsh and the Risk and Insurance Management Society (RIMS). The 2010 report captures the views of risk practitioners and their C-suite colleagues on the barriers and opportunities surrounding strategic risk management today.

2010 U.S. Insurance Market Report
This 120-page report, Competition Nets Rewards: It's About Your Risk, provides a comprehensive analysis of the U.S. commercial insurance market and examines market trends and conditions across nearly a dozen major commercial insurance lines and more than 17 industry sectors.

The 100 Largest Losses 1972 - 2009
The 21st edition of Marsh's The 100 Largest Losses 1972 – 2009 reviews the 100 largest property damage losses that have occurred in the hydrocarbon processing industries since 1972.

Living With H1N1: To School or Not

This white paper from Marsh Risk Consulting provides an in-depth look into how two primary schools dealt with H1N1 earlier this year.

Green Building: Assessing the Risks
This report from Marsh's Green Building Team presents the findings from a series of four forums in which owners, builders and designers of green buildings identified the key risk issues they face.

Risk Alert: H1N1 Influenza: Preparing for and Responding to a Pandemic
This new issue of Risk Alert discusses organizational pandemic preparedness and response and business continuity management, provides background information on the H1N1 virus and human influenza pandemics, highlights the international implications of a pandemic, and outlines some of the potential insurance coverage issues related to pandemics.

The Importance of Enterprise Risk Management in Times of Economic Upheaval
This survey, conducted by Marsh and GovernanceMetrics International examines how public companies in various parts of the world are identifying, prioritizing, and managing enterprise-wide risks.

Year-end Update: The Green Built Environment in the United States
Due to the rapidly changing landscape in the green built environment and the insurance markets' response to them, Marsh has issued a year-end update to its Green Built Environment in the United States that covers several changes to the insurance market for green buildings as of December 2008.

Limits of Liability
This benchmarking report discusses trends in liability awards, provides analysis of limits and premium costs based on over 7,200 companies in 58 countries, and offers items for consideration in the excess liability purchasing decision process.

Casualty Cost of Risk
This benchmarking report focuses on the three most commonly purchased lines of primary casualty insurance: workers compensation, general liability, and auto liability.

Inflationary Pricing Threatening to Destabilize Some Supply Chains
This report from Marsh's Supply Chain Risk Management Practice finds that higher oil prices plus rising food and other commodity prices are creating significant upward pricing pressures at the same time that companies and their suppliers are struggling to adjust to the global credit crunch.

Stemming the Rising Tide of Supply Chain Risks: How Risk Managers' Roles and Responsibilities Are Changing
While an overwhelming majority of North American companies sees risks associated with their supply chains as having grown more significant, complex, and costly, they also consider themselves largely unprepared to deal with these elevated exposures.

Marsh Oil and Gas Risk Report: 2008
The Marsh Energy Practice and leading industry experts produced this report, which explores risk issues across the global oil & gas sector, but more critically, the risk landscape under which National Oil Companies operate.

M&A Beyond Borders: Opportunities and Risks
This report captures insights from 670 C-suite/senior executives from organizations around the world about their attitudes on cross-border mergers and acquisitions.

Risk Talk: Building a Resilient Supply Chain
Supply chain disruptions can arise from a number of external and internal sources, ranging from natural disasters to poorly executed operations. In this issue of Risk Talk, experts from Marsh and other leading companies discuss strategies for effectively managing supply chain risks.

Risk Management Implications of Pay for Performance
This publication from Marsh's HealthCare Practice discusses the potential financial impact the pay for performance initiative will have on health care providers and payers and what health care industry executives can do to find the upside in pay for performance.

Marsh Risk Journal
A collection of research and commentary, Marsh Risk Journal is intended to illustrate the changing nature of risk management and highlight our viewpoint on a few challenging and pervasive issues.

Global Risks Report
Marsh and its MMC sister companies work with the World Economic Forum and organizations such as Citigroup, Swiss Re, and the University of Pennsylvania's Wharton School Risk Center to produce the Global Risks Report, which identifies major global risks, assesses their economic impact, and develops mitigation solutions.

Understanding China's Business Risks
With its booming economy, huge manufacturing base, enormous supply of natural resources, and expanding consumer spending, it's no surprise that China is high on the agenda for many businesses. But, with opportunities come risks.

Terrorism Insurance Market Solutions for NBCR Exposures
Terrorism loss arising out of a nuclear, biological, chemical, or radiological (NBCR) attack is a major concern of many insureds. This report discusses various NBCR solutions and products available in the marketplace

Preparing for Hurricane Season
Natural disaster experts urge anyone living, working, or owning property or a business in an area subject to hurricane strikes — as well as those who could be hurt by the wider socio-economic impacts — to take action now to prepare for the hurricane season.

Climate Change Risk
Climate change — often referred to as "global warming" — is one of the most significant emerging risks facing the world today, presenting huge challenges to the environment and to the world economy. It is also one of the most difficult risks to mitigate.

 

Book

Single Point of Failure: The 10 Essential Laws of Supply Chain Risk Management
This book, authored by Gary Lynch, Marsh Risk Consulting's Global Practice Leader for Supply Chain Risk Management, uses analogies and dozens of case histories across a wide range of industries to describe the "risk parasite" that infects all supply chains while revealing methods to neutralize that parasite.

Benchmark Reports

Automotive Risk Benchmark Report
The seventh report in the series of Marsh's industry risk benchmark studies focuses on the automotive industry.

Captives Risk Benchmark Report

Our 2010 report, Single Parent Captives: Capital and Collateral builds on our previous years' efforts to provide new information on key points, including captive domiciles, insurance lines, captive investments and other aspects of captive utilization. 

Chemical Risk Benchmark Report
This 2009 benchmark study, prepared by Marsh's Chemical Practice, compares the risk management and insurance programs of more than 220 buyers of insurance products in the chemical industry in the United States. This report combines our most current benchmarking data into a single document focused on the chemical industry industry.

Communications, Media, and Technology Risk Benchmark Report
To date, Marsh has completed two industry risk benchmark studies focused on the communications, media, and technology industry.

Construction Risk Benchmark Report
Marsh's Construction Practice has produced a new annual benchmark study, which compares the risk management and insurance programs of more than 200 buyers of insurance products in the construction industry in the United States.

Education Risk Benchmark Report
Our Education Risk Benchmark Report compares the risk management and insurance programs of more than 150 buyers of insurance products in the educational sector in the United States and combines our most current benchmarking data into a single document.

Financial Institutions Risk Benchmark Report

A follow-up to our 2007 Financial Institutions Risk Benchmark Report, our 2009 report compares the risk management and insurance programs of more than 500 buyers of insurance products in the financial institutions industry in the United States.

Health Care Risk Benchmark Report
This new annual benchmark study compares the risk management and insurance programs of more than 600 buyers of insurance products in the health care industry in the United States, and combines our most current benchmarking data into one single and uniform document focused on the health care industry.

Hospitality and Gaming Risk Benchmark Report
Our Hospitality and Gaming Risk Benchmark Report compares the risk management and insurance programs of more than 230 buyers of insurance products in the hospitality and gaming industry in the United States. This report, which is intended to be a supplemental resource to help our clients make more informed decisions about their insurance programs, also outlines some of the recent trends in the global insurance market for the hospitality and gaming industry and provides information on all major lines of coverage.

Life Sciences Risk Benchmark Report
The 2009 Life Sciences Risk Benchmark Report is intended to be a supplemental resource to help our clients make more informed decisions about their insurance programs. The report also outlines some of the recent trends in the global insurance market for life sciences and provides information on all major lines of coverage.

Power and Utilities Risk Benchmark Report
This third report in Marsh's series of industry risk benchmark studies focuses on the power and utilities industry. More than 300 companies are studied, and information on all the major lines of coverage is provided.

Real Estate Risk Benchmark Report
Our second real estate risk benchmark report compares the risk management and insurance programs of more than 370 buyers of insurance products in the real estate industry in the United States and Canada.

International Bulletins

EU Legislation Update: Environmental Liability Directive
Our September 2009 issue covers new European Union legislation: "EU Directive 2004/35/CE on environmental liability with regard to the prevention and remedying of environmental damage," commonly referred to as the "Environmental Liability Directive." The law requires that companies take action to avoid damaging the environment and to rectify any damage they cause.

Insurance Regulators Strengthen International Cooperation
Our August 2009 bulleting covers the International Association of Insurance Supervisors' (IAIS) move toward strengthening cooperation among insurance regulators and promoting financial stability with the implementation of the IAIS Multilateral Memorandum of Understanding.

Insurance Premium Related Tax Update
Our April 2009 International Bulletin covers tax related news that could affect insurance premiums payable under a contract of insurance.

New Product Liability Legislation in Thailand
Thailand's first product liability law is scheduled to go into effect on February 20, 2009. The legislation imposes significant third-party liability on the production and sale of unsafe products causing loss or damage, including death. Virtually all companies involved in the distribution chain, including manufacturers, sellers, and importers, are liable for injuries sustained through normal usage or storage of goods.

Belgian Law Requires Mandatory Terrorism Insurance Coverage
Effective May 1, 2008, a Belgian law will require insurance companies to provide mandatory insurance for certain lines of coverage against terrorism risks, including accident, health, and life insurance exposures.

New York State Insurance Department Signs Cooperation Agreements with Various Insurance Regulators
The New York State Insurance Department has recently signed cooperative agreements with insurance regulators in France, Germany, Taiwan, Bermuda, and the United Kingdom. The agreements, known as Memorandums of Understanding (MoU), establish a formal basis for consultation, cooperation, and coordination between the respective regulators.

Insurance Market in Costa Rica Set To Open
A new bill opening Costa Rica's nearly century-old insurance monopoly was recently signed into law. This bulletin provides an overview of the new law.

Legislative Update: Direct Offshore Foreign Insurers in Australia
The Australian federal government has released its final guidelines regarding the purchase of insurance products from unauthorized foreign insurers. The bulletin describes the guidelines and how the new regulations are expected to affect commercial buyers of insurance.

New Consumer Protection Bill in South Africa
A new "Consumer Protection Bill" in South Africa may have far reaching implications for businesses, potentially dramatically increasing their liabilities and need for appropriate insurance. This International Bulletin highlights the section of the bill that discusses product liability and the potential insurance implications.

Environmental Liability Regulations in Spain
A new environmental liability law was passed in Spain and is retroactively applicable from April 30, 2007. The bulletin provides an overview of the new legislation.

Workmen's Compensation Insurance in Singapore and the WICA Amendment
Effective April 1, 2008, Singapore's Workmens' Compensation Act (WCA) was replaced by the Work Injury Compensation Act (WICA). The amendment expands the scope of coverage to include more employees and enhances the efficiency of the compensation process.

See all International Bulletins

Newsletters

The Update: News and Perspectives from Marsh Risk Consulting's Forensic Accounting and Claims Practice
This quarterly electronic publication is intended to keep Marsh clients, prospects and colleagues informed about a wide range of relevant topics, including event-driven and emerging risk issues, changing regulations, and trends affecting organizations today, as well as new services offered by FACS designed to help clients manage risk in a changing world.

Captives Updates

This newsletter provides up to date global captive news, inlcuding domicile, country, and general updates.

Drill Bits
Drill Bits focuses on emerging energy industry risk trends. It is intended to keep readers better informed about risk issues that could affect the operations or purchasing decisions of energy companies. Every issue contains articles on topical issues, case studies, industry news, and events.

Energy Market Monitor
Insight from our Energy specialists on the status of Global Energy markets. Access issues of Energy Market Monitor.

FINPRO Insights
This quarterly newsletter from Marsh's financial and professional liability practice focuses on how recent events, legislation, and trends can affect financial and professional insurance decisions.

Loss Control Newsletter
This quarterly technical publication, written by our Global Energy Risk Engineers, highlights a selection of incidents from around the world provides articles related to current technical, risk and loss prevention issues facing the oil, gas and petrochemical industry. Read the latest issue of Loss Control Newsletter or view the archive of all issues.

Marine Market Monitor
Insight from our Marine specialists on the status of global marine markets. Read the latest issue of Marine Market Monitor or view the archive of all issues.

Property Insurance News
A quarterly newsletter published by Marsh's Property Practice, Property Insurance News is intended to keep our clients up-to-date on events affecting the property insurance market. It covers a wide range of issues, from the current financial crisis to regulatory matters.

Additional Reports and Articles

New SEC Risk Management Disclosure Rule Requires Immediate Compliance
Many public companies must soon comply with new Securities and Exchange Commission (SEC) disclosure requirements regarding risk management. Approved on Dec. 16, 2009, SEC Rule No. 33-9089 mandates increased disclosure of compensation and corporate governance practices. Effective Feb. 28, 2010, the majority of public companies must comply with the complete ruling.

 

Trade Credit Insurance and the Global Credit Crisis
This white paper from Marsh's Trade Credit Practice provides an overview of the current issues facing credit insurers, examines the resultant reductions in cover, and describes actions Marsh and others have taken to address financial and insurance marketplace conditions.

 

Insurance and Bankruptcy

This white paper discusses risk transfer and management issues in the context of bankruptcy — particularly the effect a company's financial health will have on its relationship with insurance carriers.

Dealing with an Oregon Environmental Site? Old Insurance Policies May Be a High Value Asset
This article provides an overview of 13 key issues that affect the value of historical insurance assets available to offset Portland Harbor Superfund site costs, as well as other legacy tort costs.

Trade Credit Insurance Protects Receivables and Enhances Credit Access
A growing number of U.S. manufacturers and distributors are looking to trade credit insurance to guard against the possibility of a default by their business partners — particularly those marketing their goods and services to vulnerable industries or for export. This article discusses how trade credit insurance can help businesses to protect critical revenue streams and even enhance their overall credit.

Drywall Manufactured in China — Risks, Issues, and Solutions
Plaintiffs' attorneys across several U.S. states have filed putative class action lawsuits alleging that certain drywall manufactured in China contains toxic levels of sulfur and sulfide gases. This article outlines several of the issues around the drywall issue as well as Marsh solutions for managing the problem.

The Tunneling Joint Code of Practice
This paper presents a brief overview of some of the requirements of the Joint Code of Practice (JCoP), identifies geographies where we have seen the JCoP approach used as underwriting criteria as well as where we have seen the JCoP approach used in other tunneling projects.

MMC CEO Brian Duperrault on the Insurance Market
Speaking before the Association of Professional Insurance Women and the New York Chapter of CPCU in New York, Brian Duperrault provided his take on the insurance market.


Pay for Perfomance
Risk Management Implications of Pay for Performance discusses how the pay for performance initiative may affect health care providers and payers and how executives can find the upside in pay for performance.

Chemical Security Regulations Update
The U.S. Department of Homeland Security (DHS) issued new security regulations that are likely to affect many chemical processing, manufacturing, and storage facilities.

Risk Management Impacts of REACH
The European Parliament's new regulatory framework, REACH (Registration, Evaluation and Authorization of Chemicals), requires the testing and risk assessment of approximately 30,000 chemical substances in Europe. This report, from our European Chemical Practice, outlines the main provisions of REACH and some of the new business risks that come with it.

The Impact of Risks on National Oil Companies
This Marsh survey of risks and operational challenges among state-owned oil enterprises revealed that less than 10% of NOC leaders strongly feel they have a full understanding of the risks they face – and how to effectively manage them. The survey also found a strong desire by NOC leaders to understand risk better and find better ways to share related best practices. 

Disaster Recovery Assistance
Following on from hurricanes Katrina and Rita, a wide range of disaster recovery assistance is now available to businesses and individuals in Alabama, Texas, Florida, Louisiana, and Mississippi. This brief primer provides key phone numbers and Web sites to help you navigate through your recovery.

Common Losses Related to Hurricanes
Our Marine & Energy consultants have prepared a listing of the types of infrastructure losses that may be expected in the aftermath of a hurricane.
Hurricane Response Resources
Who to contact if your organization has been impacted or faces hurricane-related losses.

 

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