 Risk is a seemingly simple word that confounds most organizations when it comes to achieving strategic outcomes. We prefer the word uncertainty. Increasingly, the role of business leaders will be to help others in their organizations learn how to frame, evaluate and communicate uncertainty – especially the type of uncertainty that is complicated or complex. Ian Pelham, Senior Vice President of InSolutions Ltd, England, explains that many US companies face coverage issues when they acquire a UK subsidiary or expand operations into the UK market. This two-part article helps American policyholders understand how to find their insurance coverage in the legacy London Market for historic US risks and employers liability claims in the UK.  Risk is a seemingly simple word that confounds most organizations when it comes to achieving strategic outcomes. We prefer the word uncertainty. Increasingly, the role of business leaders will be to help others in their organizations learn how to frame, evaluate and communicate uncertainty.Restatement of Law, Liability Insurance Approved: Ohio Affirms Preeminence of State Insurance Law2/25/2019  Sallie Lux of Brouse McDowell shares an in depth look at the American Law Institute’s Restatement of Law regarding liability insurance. Part III of Sallie’s article addresses the reaction of the Ohio legislature to the Restatement. Risk is a seemingly simple word that confounds most organizations when it comes to achieving strategic outcomes. We prefer the word uncertainty. Uncertainty includes strengths, not just weaknesses. Appreciating our strengths helps increase the probability and magnitude of good things happening or what we call positive risk.  Here's how companies can make sure that they are getting the best brokerage services for the needs of the company. Sallie Lux of Brouse McDowell shares an in-depth look at the American Law Institute’s Restatement of Law regarding liability insurance. Risk is a seemingly simple word that confounds most organizations when it comes to achieving strategic outcomes. We prefer the word uncertainty. Uncertainty includes maximizing strengths, not just minimizing weaknesses. Appreciating our strengths helps increase the probability and magnitude of good things happening or what we call positive risk. Risk: A Primer for Business Leaders – Part IV (Uncertainty and Strategic Decision-Making)12/29/2018  Risk is a seemingly simple word that confounds most organizations when it comes to achieving strategic outcomes. We prefer the word uncertainty. Strategic decision-making is a good place to start when developing a comprehensive approach to handling uncertainty. |
AuthorsLori 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. Categories
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