Podcasts & Blogs

Most risk managers are well trained to predict future outcomes based on past experiences and to create top-notch risk prevention and financing solutions for those risks we can predict. But is that enough to prepare our entities for the uncertainties of today’s world?

It was unthinkable that we would have to respond to a pandemic threat like Ebola or avian flu and that those risks, which originate far away from our shores, could pose a threat to public entities all across America.

Risk was something to be avoided, transferred away, segregated and minimized. We worked hard to minimize the adverse effects of losses and claims, transfer or prevent them when possible and finance them when necessary. We treated risk like a bad, four-letter word and in some instances, we still do.