Risk: A Primer for Business Leaders – Part XII (Increasing Organizational Capacity to Manage Risk)
In an age of increasing uncertainty, the future belongs to those organizations who invest in the development of the skills and abilities of everyone to learn and collaborate in responding to risk, regardless of whether such risk is simple, complicated or complex.
Commercial insurance is sometimes fraught with tension arising from the competing interests of corporate policyholders and insurance companies. In part one of this two-part essay, Jim Leonard, our guest columnist and former insurance company executive, describes how insurance companies operate and what drives their agenda.
Insurers have aggressively argued the applicability of anti-assignment clauses in their policies as a basis to deny coverage to successor companies. For those companies involved in mergers and acquisitions, be aware of how the courts in various jurisdictions have addressed this issue to avoid losing coverage for claims.
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.