Podcasts & Blogs

Whether you are trying to convey policies, proper methodologies, expectations, or coaching, the ability to communicate effectively often proves to be a limiting factor for many people – especially managers and supervisors.

Well-known and understood among underwriters is the challenge of the investment environment, which has been disrupted continuously since the recession beginning 2008 with returns being artificially suppressed by the federal government’s economic strategy. This fact only exacerbates the reality of the conservative investment limitations already imposed on the industry by regulators.

I recently had the opportunity to mingle with public entity risk managers from across the country at the national PRIMA conference in Atlanta. I took the opportunity to ask those I met (as often as I could, while trying not to be too annoying), “How can we reduce law enforcement auto accidents?”

Municipal insurance pools are an excellent example of local governments working together to create efficiencies, preserve resources, and create value.

As a manager for a municipal pool, I offer my Top 10 Trending Issues for Pools…

When elected officials truly incorporate risk management as a way of conducting business, property claims are reduced, lawsuits don’t get filed against the agency, and employees are safer. When risk management is not a component of every decision, bad things can happen.

As insurance professionals, we often receive questions about how our clients’ policies would respond in the event of a terroristic attack. Insureds may think that if a policy references ‘terrorism’ it means that any type of terrorist event would be covered, but that is seldom the case.

In a small organization like ours, my duties range from claims adjusting to contract insurance review to advocating for risk and safety engagement at all levels, just to name a few. I have learned so much in a relatively short time, so I wanted to share some insights – from a newbie’s perspective.

It is estimated that distracted driving accounts for approximately 26% of those deaths, while drunk driving is the top cause and accounts for roughly 31% of road fatalities.

One of the major benefits of effective implementation of ERM using ISO 31000 is the enhancement of intradepartmental and interdepartmental communication.