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Risk manager activism called integral to legal reforms.(Spotlight: RIMS 2005 Conference Report)
Business Insurance, April, 2005 by Hofmann, Mark A.
Byline: MARK A. HOFMANN PHILADELPHIA-The enactment of landmark class action reform legislation can be a first step toward further legal reforms, say some risk mangers. They say they hope to see reforms implemented that range from curbs on punitive damages to changes in the way that medical malpractice liability is handled.
The Risk & Insurance Management Society Inc., as well as individual risk managers, also are seeking to win the extension of the Terrorism Risk Insurance Act, which provides a federal financial backstop to insurers facing losses from future catastrophic terrorist attacks. But to achieve such goals, risk managers must become more involved in the political arena, a panel of experts-including a risk manager-stressed at RIMS' annual...
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