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Editor-in-Chief Patricia Speer 312.777.1376
Editor Carrie Burns 312.777.1366
Senior Editor William Kenealy 312.777.1372
Associate Editor Justin Stephani 312.777.1378
Contributor Bob Violino
Online Contributor Jennifer Morrell
Art Director Monica Pizzi
Group Editorial Director John McCormick
Is Loss
Control a
Lost Art?
This issue’s Asked & Answered depAr Tmen T
(p. 26) got me thinking about the industry’s efforts at
mitigating loss.
it seems that all roads in insurance point to
improving how risk is managed. Yet roadblocks
continue to impact risk management success. As an
internal factor of risk management, loss control exists
to best respond to a host of known and unknown
external factors that impact risk.
Loss control has become a core element of doing
business, and insurers, depending on the type of
coverage they offer (personal or commercial lines),
have gone to elaborate lengths to obtain such data;
from setting up structures to test equipment, alarms,
combustibles, to crash-testing vehicles, studying road
conditions, driving habits and more.
in commercial lines, the onus is on the insurer
to help their clients incorporate risk management
awareness and attitudes into all aspects of the
business.
For example, companies such as the hanover
insurance Group have established separate online
subsites that offer specific loss control information to
their high-tech manufacturing, telecommunications,
information technology, tech services and life sci-
ences clients—information to help them reduce loss
exposures and improve their management controls.
BUSINESS
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BOARD OF ADVISERS
Eric Bulis, EVP of Operations and CIO, SBLI USA Mutual Life
Andy Edwardson, CIO, VP of IT, Farmers Alliance Mutual Insurance Co.
Michael Foerst, VP of I T, Midwest Employers Casualty Co.
Ursuline Foley, SVP and CIO, XLRe at XL Capital
Dick Mucci, Chairman and CEO of New York Life International
Dennis Mehmen, CIO, VP, Business Information Services,
Grinnell Mutual Reinsurance Co.
Anthony Sisti, Information Systems Director, Travelers
pat speer
editor-in-Chief
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