Unknown events can upset even the best predictions of performance and prevent individuals and organizations from accomplishing expected results.
LOSS PREVENTION REPRESENTATIVE DID NOT HAVE DUTY TO MAKE SPECIFIC INSPECTION A fireman was seriously injured during a training exercise that required rappelling down a rope attached to a snorkel boom. The belt he was using became disconnected from the rope and he fell about 40 feet to the ground. He sued the city’s workers […]
We have used a simple definition for Alternative Risk Transfer (ART), referring to any method used by an entity to shift the cost of a risk to another entity, but without the use of traditional (standard, commercially available) insurance. However, even this simple, broadly applicable term ignores an important aspect of ART. When an entity […]