Alternatives and Research Prime in 'New Market'

The terrorism of Sept. 11 has spawned a new and more flexible way of looking at risk for insurers and risk managers -- and is giving a boost to new risk management alternatives to traditional insurance. Greg Berg, head of enterprise risk at The Hartford Financial Services Group (NYSE: HIG), told a large group of attendees at the Risk & Insurance Management Society's (RIMS) national conference that "insurers and risk managers have a joint responsibility to manage risk in a changed environment. It requires collecting and modeling more data while looking at new ways to protect assets." Insure...