 On April 30, 2019 the Sixth Circuit, in The Scott Fetzer Company v. Zurich American Insurance Company, held a single occurrence with a single deductible applied to a vacuum cleaner company’s independent dealer, John Fields, who sexually assaulted three women on multiple occasions between May 2012 and January 2013. Certainty of anything is rare so good leaders work to develop their personal capacity for identifying gaps in their knowledge such as knowing a question but not the answer (known unknown), recognizing there are times when we overlook relevant information (unknown known), and embracing situations in which we don’t even know the question that needs to be asked (unknown unknown). Ian Pelham, Senior Vice President of InSolutions Ltd, England, explains that many UK companies are facing legacy employers’ liability claims. The problem with these legacy claims for diversified companies, especially those that have grown by mergers, is that they really have a definitive schedule of all companies within the group. 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. |
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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