The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) recently announced a new national emphasis program to improve workplace safety in warehouses, processing facilities, distribution centers and high-risk retail establi…
Strong relationships and trustworthy support are indispensable in today’s economic environment. Organizations need partners who can supplement their expertise and help them resolve complex issues. When choosing a vendor partner, it’s important for an…
The UK and US insurance markets are well established when it comes to the challenge of tackling claims fraud, but what about the rest of the world? Well, there’s a growing appetite among insurers – those with an international presence, as well as t…
Earlier this week at the annual RIMS conference, I partnered with Iman H. Al-Gharabally, Team Leader ERM, from the Kuwait Petroleum Corporation (KPC) to delve into the nature of mature and, by inference, effective risk management programs. My partn…
During my career, I was very fortunate to have the opportunity to spend several years with Walmart. They allowed me to grow, learn and develop. Working as senior director of risk management for the largest private-sector employer in the U.S. presen…
On Tuesday, August 25, 2015, from 9:50 – 11:00 am Sedgwick will present one important aspect of next level claim strategies in “New Thinking in Risk Management: Leveraging Program Integration and Cross-functional Collaboration for Better Results.” …
On Wednesday at the RIMS annual conference in New Orleans, I’ll be moderating and contributing to an important session with Gert Cruywagen, a leading risk leader from a South African hotel and casino enterprise and Betty Simkin, a leading finance and…
Figure 1: The actuarial loss curve There are many definitions of risk, with most coming pretty close to each other with minor nuances as distinctions. Interestingly, most all of these definitions put "risk" well beyond the point of "expected losses"…
Having just returned from the G31000 annual conference where I had a chance to present and participate in a panel discussion, I’d like to share my thoughts on current risk standards and a bit on where we seem to be headed. Full disclosure, this forum…
Just when you thought you knew all the acronyms, TRIA (the Terrorism Risk Insurance Act) comes back to the forefront, now known as TRIPRA (Terrorism Risk Insurance Program Reauthorization Act). First passed in 2002 in its original form, its purpos…
Risks to an increasingly modernized, technological and integrated society have greatly increased our threat of events with catastrophic consequences. Frequency and scale of these events as well as natural disasters are increasing along with the econo…