Risk Management

<p>Insurers must take an integrated approach to their finance, operations, actuarial and risk functions.</p>

Safety Crusaders don&rsquo;t encourage learning. They&nbsp;jump to conclusions and&nbsp;shut down conversations with fixes and answers; only their&nbsp;view counts.|

The level of risk in construction is increasing, and profits are facing new pressures.

Without an extension of the Terrorism Risk Insurance Act,&nbsp;many high-profile properties will be unable to secure coverage.&nbsp;

Having disjointed systems can mean that&nbsp;each insured risk doesn&#39;t have the appropriate reinsurance program associated with it -- and be&nbsp;a recipe for disaster.

While you may soon be invited to participate on panels and present at conferences, remain humble and teachable. It&rsquo;s painful to learn humility through humiliation.

Contractors that fail to comply face fines, expensive lawsuits and lost projects -- and executives and employees can even wind up in jail.|

Since 2010, there has been an outbreak of &ldquo;new and improved&rdquo; reputation insurance policies from name-brand insurance carriers like Zurich (Brand Assurance), AIG (ReputationGuard), Munich Re (Reputation Insurance) and a number of Lloyds syndicates, including a standalone reputation policy produced by Steel City Re.