IRMI Update—Issue #35
An E-mail Newsletter for Risk and Insurance Professionals
ISSN: 1530-7948
February 19, 2002
In This Issue
Colleague,
For at least 15 years, I've wondered why the doors to airplane cockpits were
so darned flimsy. This is just one example of how, prior to 9/11, many organizations
had a false sense of security resulting in lax protective safeguards. Of course,
the possibility for more terrorist attacks now has all organizations reviewing
their security programs.
I'm sure you have observed vulnerabilities—like those flimsy cockpit doors—that
could be eliminated or reduced with simple security measures. In the spirit
of cooperation that has arisen since 9/11, I'd like to ask you to send me an
e-mail enumerating a security breach you think may occur frequently with businesses
or public entities, along with a recommendation for eliminating or reducing
it. We'll compile a list and share it with all our readers. Perhaps together
we can make the world a little safer.
On another note, I'm happy to report that we are fast approaching 17,000
subscribers to IRMI Update. To everyone who has recommended it to a colleague:
thank you very much!
Have a great day.
Jack
Jack P. Gibson
President
IRMI
Prequalify Emergency Service Providers before Disaster
Strikes. Fire, flood, smoke, mold, odor, and waterline ruptures can cause
loss to structure and contents, including electronics and paper documents. When
disaster strikes, obtaining emergency services quickly is critical. Often, facility
managers, property managers/engineers, and risk managers do not have a list
of qualified service contractors that can respond properly and quickly in time
of emergencies. This results in unnecessary delays in getting a response team
to the affected site. We strongly suggest that all companies prequalify their
service providers and train their staff to immediately call the trade necessary
to solve problems or come to the "rescue." In your prequalifying efforts, it
would also be prudent to seek out the contractors that have staff with some
of the following "certifications": CR (Certified Restorer), WLS (Water Loss
Specialist), and CMR (Certified Mold Remediator).
By: Larry C. Ward
Disaster Services, Inc.
E-mail: lward@disasterservices.com
Suggest a Risk Tip. Future issues of IRMI Update will include more risk tips from our readers. Send
us a practical tip (less than 300 words) for identifying and managing risks,
buying insurance, managing claims, or filling gaps in insurance coverages. We'll
give you credit for your contribution.
There are now 260 articles on IRMI.com, and many more are in production.
Below you'll find summaries of some recent additions with links to the articles.
The ISO Terrorism
Exclusions: Background and Analysis—In this article, IRMI reviews
the evolution of the ISO terrorism exclusions, explains exactly what is excluded,
and provides the approval status of these exclusions by states and other regulatory
organizations.
Willis Exec To Be Construction
Risk Conference Speaker—Mark E. Reagan, chairman and CEO of Willis
Construction Practice, will be a keynote speaker at the 22nd IRMI Construction
Risk Conference in San Diego. The theme for this year's conference will be "How
to survive in a difficult market." Be sure to mark your calendar to reserve
November 11–14 for the conference.
IRMI Offers Free D&O
Newsletter—D&O Compass is a
free e-mail newsletter recently started by IRMI to cover developments and trends
in directors and officers liability and insurance. If you buy, sell, or underwrite
directors and officers liability insurance (or litigate coverage disputes),
this newsletter is for you. To sign up for a free subscription, visit this Web page.
A subscription to IRMI Update is absolutely free. Use the e-mail registration form to initiate or terminate
your subscription.