Blog Archives - SandRun Risk

ERM in the Age of Pandemics and Cyber Crime: Part V - Total Engagement Comes Through Building Inclusive Institutions

10/26/2020

We live at a time when humanity is steadily moving away from riskier forms of self-sufficiency to safer and more productive forms of mutual interdependence. Consequently, the future of ERM will be concerned with building “whole of organization” approaches to pursuing opportunities and managing threats. The “secret sauce” to getting buy-in across an organization is creating virtuous cycles that help people feel connected through ever-increasing levels of believing in and trusting each other.

Conversation on Risk Management with Grant Purdy: Part III

10/19/2020

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.

New York Law and “All Sums” Allocation

10/19/2020

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.

Policy Reconstruction

10/6/2020

Missing insurance policies? No Problem. Standardized form policy language may be used to establish the terms and conditions