Company-owned vehicles make it easier to conduct business, but offer great risk. Collisions can exact a heavy toll. Telematics and EDRs, however, can improve risk management, as well as allow claims to be assessed more accurately driving down costs for the business and insurer.
Titles and labels matter. They set expectations. Yet, they can also be misleading. Some observers believe the current terms, claims department and claims adjusteror their variantsare anachronistic. As such, they propose replacing these titles with the moniker, resolution department and resolution manager. Here are some arguments for and against the...
Risk managers who establish litigation management systems to address lawsuits abroad face multiple challenges but can take measures to gain global footing.
If a claimant or plaintiff is foolish enough to leave his or her social media privacy settings such that they allow virtually anyone to view personal posts, then this becomes a legitimate area ripe for claims investigation and legal discovery.
For companies with risk managers—whether they are full- or part-time—there remains the recurring challenge: How to accurately measure and evaluate if the risk manager is doing a good job?