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RIMS Announcements

  • RIMS CANADA COUNCIL BACKS INSURANCE BUREAU OF CANADA’S CALL FOR ADVANCING RISK MANAGEMENT KNOWLEDGE

    In response to a report issued by the Insurance Bureau of Canada National Commercial Insurance Task Force (IBC), the RIMS Canada Council (RCC)voiced its approval for recommendations for more risk management education for consumers, as well as for organizations to strengthen ... read more
  • RIMS President's Corner: The Right Direction

    For far too long we have been cooped up in our homes. We’ve had to learn new ways to work, collaborate, network and learn remotely. While many parts of the world are still overwhelmed by the global pandemic, we are seeing signs that a return to normalcy ... read more

Recent Discussion Activity

  • Posted in: Risk Professionals

    Ondrea, I share Laurie's thoughts too.  Our broker is not aware of any existing European law which would require a retention or deductible to be paid by individual directors. However, there was a 2009 law in Germany that did and it applied to joint-stock ...

  • Posted in: Risk Professionals

    Interesting.  It sounds like this coverage would supplement the primary coverage and could be valuable where there is a relatively low aggregate limit available that could be exhausted by other claims in the event of a major issue that affects multiple ...

  • Posted in: Risk Professionals

    RESPONSE The answer is not simple, but I'll try to provide a list of things to get you started.  All of this is my opinion, and not that of my firm or any of the organizations to which I belong.  When looking at these decisions, I usually run it through ...

  • Posted in: Risk Professionals

    Anthony, You raise a critical issue.  I would love to get your comments on the form's approach to other insurance. I've pasted the actual policy wording below. I'm interested in observations, comments, critiques... Other Insurance The coverage ...

  • Posted in: Risk Professionals

    This is very interesting but how does a contract-specific insurance policy comport with the vendor's own insurance?  Could this be considered as a "primary" policy as well as their own PL coverage?  ​In the event of a loss, if the contract-specific policy ...

    1 person likes this.

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