Insurance Company: Colleges Lack Risk Assessment

A survey by education insurance agency United Educators and the Association of Governing Boards of Universities and Colleges found colleges lack "formal risk assessment processes."

The report, titled "A Wake Up Call: Enterprise Risk Management at Colleges and Universities Today," follows up on a similar survey in 2008. The report says that while colleges are increasingly making oversight of institutional risk a priority, the colleges' confidence that they are following good practices has decreased.