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Recent risk management Expert Commentary

Critical Role for the Chief Audit Executive: Aligning Risk Assessment—Mark Layton explains why today a frank assessment of the true risks a company faces is crucial.

Construction Project Audits—Examples of Poor Practices—TJ Lyons shows through photos things to look for during a construction site tour.

Seek the Symptoms of Fraud—Scott Langlinais advises to forget the fraud triangle and fraud diamond. Focus on the root causes.

Recent Employee-Friendly Court Decisions—Paul Siegel describes several court decisions that reinforce the necessity of using objective criteria when preparing performance evaluations.

Insurer's Duty at the Outset of a Personal Lines Claim—Tim Ryles explains why insurers have an affirmative duty to advise first-party insureds of their rights and obligations.

Design Professional's Attention to Contract Clauses Can Pay Dividends—Ken Slavens shows why it's important not to overreach when entering into design contracts.

Supreme Court Weighs in on Patent Issues—The Supreme Court is taking a more active role in shaping patent law. Sanford Warren relates recent caselaw and its implications.

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IRMI Insights

Recent articles on risk management and insurance

Florida Flirting with Hurricane Insurance Disaster (August 2008)—Brent Winans, a Florida insurance agent and consultant, discusses Florida's use of a hurricane catastrophe fund to cover the risk of costal storm losses, the inherent risks to taxpayers, and some of the facts that lawmakers might consider when dealing with the situation. Like other risk professionals, he expresses concern that the current system will collapse if "the big one" hits. Mr. Winans concludes with the hope that legislators will seriously consider the 13 recommendations made by the chair of the House Committee on Insurance.

Current Issue of IRMI Update

Read the September 24 issue and sign up for this free e-mail newsletter.

Sign Up for This Free E-Mail NewsletterThis issue urges all to prepare for insurer insolvency with some practical strategies. The risk tip explains why environmental risk profiles can help expose hidden risks.