RIMS and Ernst & Young Launch Risk Insights

White paper series addresses current issues impacting the risk management profession

NEW YORK (October 28, 2008) – The Risk and Insurance Management Society (RIMS) and Ernst & Young present Risk Insights, a series of articles that provide insight into various risk management and insurance-related issues. The white paper series is available at no cost as a benefit to RIMS members.

“RIMS is pleased to work with Ernst & Young on these publications that are intended to help RIMS members stay on the cutting edge of the rapidly evolving risk management discipline,” says W. Michael McDonald, ARM, member of RIMS board of directors and vice president of risk management at Quality Distribution, Inc.

This first issue of Risk Insights, “Proving Your Insurance Claim,” focuses on the complexities of proving a company’s claim from catastrophic loss. The article explores common elements of the process and offers suggestions for successfully proving claims and expediting the recovery process. Future white papers in the series will cover topics such as “Getting Out From Behind the Desk-The RIMS Professional Growth Model,” “Global Property and Business Interruption Claims” and “Enterprise Risk Management-What ‘They’ Are Not Telling You,” among others.

“We are honored to work with RIMS to develop these informative reports for its members,” says Allen Melton, Partner and Americas Practice Leader at Ernst & Young’s Insurance Claims Services practice. “It is our goal that each issue of Risk Insights provides readers with new ideas to address the most relevant issues and challenges facing the risk community today.”

The first issue of Risk Insights is available to RIMS members at www.RIMS.org/RiskInsights.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 135,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

For more information, please visit www.ey.com. Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity.

This news release has been issued by Ernst & Young LLP, a client-serving member firm of Ernst & Young Global Limited located in the U.S.

About the Risk and Insurance Management Society, Inc.

The Risk and Insurance Management Society, Inc. (RIMS) is a not-for-profit organization dedicated to advancing the practice of risk management, a professional discipline that protects physical, financial and human resources. Founded in 1950, RIMS represents more than 4,000 industrial, service, nonprofit, charitable and governmental entities. The Society serves more than 10,700 risk management professionals around the world. For more information, visit www.RIMS.org.