Blog Archives - SandRun Risk

A Policyholder’s Obligation to Notice Insurance Carriers of a Claim

3/25/2018

When a loss occurs, the policyholder must give notice of the claim under all of its potentially applicable insurance policies as soon as practicable.

How Policyholders Should Respond to Insurance Carriers Who Seek Reimbursement of Defense Costs

3/21/2018

When a policyholder tenders a claim to its insurance carrier, the insurance carrier must provide a defense for any claim potentially covered by the insurance policy.

Studying Resilience: The Outcome of Good Risk Management (Part II)

3/17/2018

Part I of this article explained how over the last seven years, researchers at The Ohio State University have been exploring the concept of enterprise resilience, i.e. how companies can prosper in the face of turbulent change by being able to recognize, understand, and compensate for vulnerabilities. Part II of this article explains the SCRAM (supply chain resilience assessment and management) framework, which enables a business to identify and prioritize the supply chain vulnerabilities it faces, as well as the capabilities it should strengthen to offset those vulnerabilities.

A Risk Management Primer for Business Leaders – Part VIII (Gardening)

3/17/2018

Our most recent columns have explored the risk management approach of Paul O’Neill and Stanley McChrystal and their creation of institutional learning systems. This column focuses on their leadership model and why an evolution in c-suite leadership is critical to the future of risk management.

A Risk Management Primer for Business Leaders – Part VII (Speed Learning)

3/4/2018

Our recent columns have shared the risk management approach of Paul O’Neill and his conviction that to turn the company around, Alcoa had to create a learning-based culture that would embrace the pursuit of goals set at the level of known possibility. We now explore how retired U.S. Army General Stanley McChrystal used the same approach to defeat Al Qaeda and the broader implications for the field of risk management.

Studying Resilience: The Outcome of Good Risk Management - Part I

3/4/2018

One of the best parts of serving as executive director of The Risk Institute at The Ohio State University Fisher College of Business is helping to bridge the gap between academia and corporate practitioners.