Risk News

7th Circuit: ‘Common Damage’ Not Required for Class Certification

On July 2, 2014, the U.S. Court of Appeal for the Seventh Circuit entered its opinion in IKO Roofing Shingle Products Liability Litigation, No. 14-1532 (7th Cir. July 2, 2014), and vacated a district court’s decision denying class certification. A Seventh Circuit panel of Judges Wood, Easterbrook, and Kanne found that the district court erred when it [...]

RIMS Risk Maturity Model: Resilience & Sustainability

The final attribute of the RIMS Risk Maturity Model should be of great interest to risk managers responsible for establishing an enterprise risk management (ERM) program. Without some level of business resilience and sustainability built into your program, the iterative, cultural changes that are created by the ERM process will wane and your exposure to [...]

Key Differences Remain Between House and Senate on TRIA Extension

As the December 31, 2014 expiration of the Terrorism Risk Insurance Act inches closer, both chambers of Congress are moving forward with their version of a long-term extension. The Senate is expected to pass its version of an extension as early as Thursday while the House Financial Services Committee approved its version of an extension [...]

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