Risk Management - HospitalityLawyer.com®

To the World Cup and Beyond: Efective Risk Management

by Paula Bonavides in Insurance & Loss Prevention. Posted June 1, 2014

Effective risk management (against calamities such as political unrest, violent crime, health problems, ransom kidnapping, automobile accidents, building fires, and the like) is correlated with intelligent decision-making. Sending off employees to a foreign country might expose them to the risk of contracting diseases they had never before imagined, or to completely different laws and traditions—or ...

Captive Insurance: A Growing Trend For Financial Institutions Looking To Enhance Their Risk Management

by Marshall Gilinsky in Human Resources, Insurance & Loss Prevention. Posted May 20, 2014

For over a decade, more and more financial services companies have used captive insurance companies as part of their overall risk management strategy. In its simplest sense, a captive insurance company is a wholly owned subsidiary of a policyholder’s parent company that underwrites and sells insurance to the parent and its subsidiary companies. Captive insurance ...

Recent Hotel Incidents Serve as Cautionary Tales of Carbon Monoxide Health and Legal Risks

by admin in Insurance & Loss Prevention, Lodging, Safety & Security. Posted March 26, 2014

Recently media exposure regarding the dangers of carbon monoxide poisoning in hotels, motels, and resorts has seemed to increase. The issue has garnered attention among such major media outlets as ABC News’ 20/20,USA Today, andCNN. With good reason – a 2013 USA Today investigation showed that, “eight people have died and at least 170 others have been treated ...

Duty Bound

by Fatima Durrani Khan in Insurance & Loss Prevention, Safety & Security, Travel. Posted March 10, 2014

“Duty of care” is the new buzzword across the travel risk management industry, as corporate travel managers increasingly recognize their central role and responsibility in creating a strong, balanced business travel policy that protects their employees. Though duty of care has existed in common law for a long time, the application of duty of care laws to the ...

Cyber Security Risk in a Social Media World

by Wayne Grundy in Featured, Insurance & Loss Prevention, Safety & Security, Technology. Posted December 2, 2013

The theft of intellectual property from the U.S. is “unprecedented,” and costs the nation an estimated $300 billion each year, according to the IP Commission Report, issued in May. Worse, corporate employees—through their information sharing practices—are making it easy for IP thieves. Sharing information is now the way of business and social life. Companies have ...

Crime Pays – A Conversation of Fraud and Recovery

by Chris Giovino in Insurance & Loss Prevention, Legal. Posted November 27, 2013

Occupational fraud and crime is a significant and growing exposure for all industries, including hospitality. In recent years, the challenging economy has helped to drive the incidence of these crimes. A study by the Association of Certified Fraud Examiners (Association of Certified Fraud Examiners: 2012 Report to the Nations) found occupational fraud caused $3.5 trillion ...

GCTRM: The Future of Duty of Care Education

by admin in Safety & Security, Travel. Posted November 5, 2013

Each year, HospitalityLawyer.com hosts the Global Congress on Travel Risk Management in Houston, Texas. This conference serves as a converging force for travel risk management, uniting every role (travel, legal, risk, compliance, safety and security, human resources) involved in Duty of Care in a dynamic environment of experts and stakeholders. We proudly announce the successful ...

Reputational Risk in the Modern Era

by Scott West in Insurance & Loss Prevention. Posted October 7, 2013

According to a recent study from Deloitte, reputational risk and fallout from bad public relations are now considered the top risk mitigation priorities for large companies. While many senior executives say they are making progress on strategic risk management issues, the broad spectrum of companies polled reported that reputational risk concerns have risen from third ...

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