This Public Management article lays out recent changes in the insurance market and outlines best-practice standards for dealing with such insurance market changes, which include premium volatility and coverage shortage. The author recounts his experiences with risk management professionals in the United Kingdom, France, and Germany. Based on his experiences, the author extolls the virtues of the Association of Local Area Risk Managers, and suggests that said organization may play a strong hand in setting a model for best-practices reform. October 2002.