Magazine article Risk Management

Exchanging Ideas

Magazine article Risk Management

Exchanging Ideas

Article excerpt

The best ideas are free," said Scott Lange, risk manager of Microsoft Corporation and chair of the RIMS conference programming committee. "I've got more ideas and information from this conference than at any other event throughout the year," he said at the Risk Management Solution Sharing Session held at the end of conference week

This year's conference had many educational opportunities specifically designed to let ideas flow. Some 140 sessions, including a new 400-level conceptual series promoting out-of-the-box thinking, the Brown Bag Luncheon and the Information Exchange Brunch enabled attendees to perfect their craft, get new ideas and learn more about what their peers do.

Sessions drew interested parties at all levels of expertise. Risk managers who deal with certain topics on a daily basis joined those who had heard "something about" the topic previously and were interested in learning more.

Ash Kilada, director of risk management and benefits for Sbarro in Commack, New York attended "MultiLine Aggregate Programs: A Paradigm Shift or Soft Market Scheme?," even though this approach is not likely to be used by his company any time soon. "Current market conditions are not conducive for going to multi-line right now, but it's always good to keep up with market altematives," he said. "You need to have a Plan B, so when and if it ever comes up, you are prepared."

Some participants took advantage of the chance to learn what the others in their companies do. For instance, Ella Andrews of the Penzoil Company in Houston, Texas, attended "Occupational Injuries: Responding Globally" because she can't observe the claims processes in her company's numerous overseas operations. "I just wanted to see what they do," she said.

Rich Young, associate counsel of TM Claims Services, Inc. in Pasadena, California, doesn't deal directly with some issues covered in "To Do or Not to Do: A Claim Review," but will share the information with his workers compensation department

Others wanted to observe the perspectives offered by panel members of different backgrounds. Robert Glick, an attorney at Rosenman & Colin LLP in New York, represents a rental car company. He attended "Rental Car Liability Coverage: A Case of Diminishing Retums" to gain a more holistic "other side of the coin" view of the topic from the speaker panel, which included a corporate risk manager and a senior vice president of an insurance company. …

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