ERM in the Age of Pandemics and Cyber Crime: Part V - Total Engagement Comes Through Building Inclusive Institutions
Part I shared some of Grant Purdy’s background and experience from working more than 40 years on practical applications of risk management, including the improvement of decision making. Part II focused on Grant’s new book on decision making that he co-authored with Roger Estall. Part III continues our conversation with Grant about his new book and how best to help “Deciders” make even better decisions.
An important principal of New York insurance law is to apply the plain language of the contract as written. See In re Viking Pump, Inc., 27 N.Y.3d 244, 257 (2016). With respect to allocation issues, the Court of Appeals has been clear that New York has not adopted either a strict “pro rata” or “all sums” rule but contracts “should be enforced as written.” Id.
Missing insurance policies? No Problem. Standardized form policy language may be used to establish the terms and conditions
Part I shared some of Grant Purdy’s background and experience from working more than 40 years on practical applications of risk management, including the improvement of decision making. Part II focuses on Grant’s new book on decision making that he co-authored with Roger Estall.
The Future of Enterprise Risk Management in the Age of Pandemics and Cyber Crime: Part IV - Total Engagement and the Whole of Organization Concept
We live in a world that is becoming increasingly intertwined and interdependent which means that complex risks such as pandemics and cyber crime are here to stay. Consequently, the future of ERM will be concerned with building “whole of organization” approaches that meet specific opportunities or challenges with the end goal being the creation of shareable and scalable solutions.
Voluntary Payments Defense – Not a Viable Defense to Defeat Coverage When Insurance Carriers Refuse to Make a Coverage Determination
What is a policyholder to do when it puts its insurance carriers on notice of a claim, but the insurance carrier does not acknowledge coverage and leaves its policyholder to its own devices to defend and settle the claim, then later claims that the policyholder breached the insurance policy by defending and settling the claim without its consent?
Grant Purdy joins us for a three-part interview. Part I focuses on Grant’s background and experience from working more than 40 years on practical applications of risk management, including the improvement of decision making.
Black swans - unlikely, unpredictable, and catastrophic events - justify investment in ERM but there is even greater justification with the arrival of black elephants - looming disasters that are visible but no one wants to address or deal with them.
Phil Renaud concludes this article series with a discussion of the need to build a better bridge between the HR function and risk management.
Lori Siwik and Mark Siwik are the founders of SandRun Risk. They apply the principles of vertical leadership and lean six sigma to the discipline of risk management. From time to time they share their blog with guest authors who write about important risk management principles.