TAKING ACTION
Posted On: Feb. 11, 2007 12:00 AM CSTSteps that industry experts recommend risk managers take to be proactive in managing their organizations' claims
- Determine all of the organization's exposures.
- Develop a contingency plan to handle possible coverage gaps.
- Develop a relationship with claims examiners.
- Determine the runoff insurer's financial vulnerability.
- Consider policy buybacks.
- Get expert advice.