Risk Managers and Loss Reporting
Claims Magazine June 2011
By Charles Hunter Mcree
"What you don’t know won’t hurt you” is a proverb many of us have heard and maybe even said. In the realm of risk management, though, this maxim confronts professionals with the question of whether to report incidents to their insurance carriers. These incidents, or occurrences that do not trigger a demand for a payout, nevertheless can someday morph into claims or lawsuits. How wise is it for risk managers to report incidents to the insurance carrier on behalf of their companies? Were Hamlet a risk manager, he might ask, “To report or not to report? That is the question..." read more..
Claims Magazine June 2011
By Charles Hunter Mcree
"What you don’t know won’t hurt you” is a proverb many of us have heard and maybe even said. In the realm of risk management, though, this maxim confronts professionals with the question of whether to report incidents to their insurance carriers. These incidents, or occurrences that do not trigger a demand for a payout, nevertheless can someday morph into claims or lawsuits. How wise is it for risk managers to report incidents to the insurance carrier on behalf of their companies? Were Hamlet a risk manager, he might ask, “To report or not to report? That is the question..." read more..
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