Chubb finds smallest risks loom large.Risk managers should be preparing now for the wave of coming nanotechnology nanotechnology: see micromechanics. nanotechnology Manipulation of atoms, molecules, and materials to form structures on the scale of nanometres (billionths of a metre). products, said Louise Louise (ləwēz`), 1776–1810, queen of Prussia, consort of Frederick William III; a princess of Mecklenburg-Strelitz. During the Napoleonic Wars her patriotism and bravery won her lasting popularity. Vallee, research and development specialist for Chubb Corp. "Nanotechnologies will affect most major industries in two to five years," Vallee said. "Risk managers need to be applying best practices in risk management now, during the research and development phase, before the production phase begins." Vallee said nanotechnology would add $1 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. to the world's economy by 2015. She said the technology could impact all liability lines, workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. and property coverage. Vallee was a speaker at the first RIMS session on nanotechnology, which refers to the science of particles <onlyinclude> This is a list of particles in particle physics, including currently known and hypothetical elementary particles, as well as the composite particles that can be built up from them. smaller than 100 nanometers--particles so small that several million of them could fit on the period at the end of this sentence. About 150 products currently use nanotechnology, but that's just a hint of what's to come, Vallee said. Insurers are concerned that the research into possible harmful effects of these particles still is being studied, and much isn't known about them yet. |
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