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Salvage as a risk management tool
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Agents can save money for clients by using salvage after a loss
A multi-truck highway mishap. A train derailment. An office or warehouse fire.
Agents and brokers are usually the first to hear when these typical property disasters befall their clients, but when they get that fateful call, there's only so much they can do to help.
They alert insurers, contact an adjuster if an underwriter asks them to, and try to provide as much personal support as they can until claims com...
Related newspaper, magazine, and journal articles from HighBeam Research
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RISK MANAGEMENT EDUCATION GROWING IN AUSTRALIA: INTEREST FROM PROFESSIONAL COMMUNITY SPARKS EFFORTS.(Statistical Data Included)
Business Insurance
; Prompted in part by encouragement from the risk management community, risk management education in Australia is advancing through new programs and partnerships between the academic and business worlds. At the University of New South Wales in Sydney, companies such as the Australian Stock Exchange
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Australian risk surveys show division. (companies disregarded risk management procedures)
Business Insurance
; Small, medium-sized companies question need for risk management: Study While large Australian companies generally employ good risk management practices, many small and medium-size businesses do not understand the need for risk management programs, two surveys show. The New York office of Coopers
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Lloyd's ERM program proves successful: buy-in of top executives critical, head of markers risk management initiative says.(Corporate insurance: buyers report)
National Underwriter Property & Casualty-Risk & Benefits Management
; SEVERAL CRITICAL ELEMENTS need to be in place when installing a successful enterprise risk management program, including buy-in of the chief executive officer and the board, an expert from Lloyd's of London contends. The cultural shift will not take place unless the CEO is a champion of risk
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Limits on a company's ability to manage risk.(A Debate on Risk Management Standards)(Column)
Risk Management
; You may be aware that the Risk Management Industry Liaison Committee and the Canadian Risk Management Council are both urging RIMS to establish a task force on the issues of standards. In that regard, I want to ensure that the following is understood to be a statement of my personal opinions that
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Managing Business Risk: An Organization-Wide Approach to Risk Management.(Review)
Journal of Risk and Insurance
; Managing Business Risk: An Organization-Wide Approach to Risk Management, by Peter C. Young and Steven C. Tippins, 2000, New York: AMACOM This book was written for managers not involved in or recently introduced to risk management. It attempts to provide a general introduction to risk management
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Risk management: a brief history: risk management has gradually evolved from a narrow insurance-based discipline to covering anything from traditional financial activities to the risk of a building burning down. But as Diana Thompson reports, the profession faces more changes to come. (Risk Management).
Journal of Banking and Financial Services
; To most businesses, the concept of risk management is confined to financial aspects such as liquidity, interest rate and foreign exchange movements and credit risk. But the risk game is fast changing, with operational risk--covering anything from a computer meltdown to a terrorist attack--assuming
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EFFECTIVE RISK MANAGEMENT: SOME KEYS TO SUCCESS, SECOND EDITION
Project Management Journal
; EFFECTIVE RISK MANAGEMENT: SOME KEYS TO SUCCESS, SECOND EDITION BY EDMUND H. CONROW Edmund Conrow's Effective Risk Management, Second Edition is a highly original work. As you read it, you have a strong sense that the author really knows what he is talking about. He is not afraid to express his
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Mastering risk management
New Straits Times
; Joseph Eby Ruin New Straits Times 11-17-2007 Mastering risk management Byline: Joseph Eby Ruin Edition: Main/Lifestyle Section: Main Section THE management and board, whether they operate business outfit or nonbusiness operation, like to resort to effective risk management so that capital or
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Russian risk managers oppose unified standard; More education on risk management necessary.(International News)
Business Insurance
; Byline: RICHARD MILLER MOSCOW-Russians are wary of a unified standard for risk management, preferring best practice guidelines or recommendations, according to risk experts in the country. Senior risk managers, if they need something, it is general guidance based on best practice experience said
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Insurers lag in Risk Management: PwC. (Risk Management).(Brief Article)
National Underwriter Property & Casualty-Risk & Benefits Management
; Insurers and financial services com0panies should reevaluate their risk management structures and strive for a more practical and holistic approach, a report published jointly by PricewaterhouseCoopers and the Economist Intelligence Unit advises. The report, Taming Uncertainty: Risk Management for
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