Magazine article Risk Management

Ronald Stasch: The People's Risk Manager

Magazine article Risk Management

Ronald Stasch: The People's Risk Manager

Article excerpt

For more than thirty years, Ronald Stasch has contributed to a variety of national and international risk management committees, including a successful 1980s initiative called CODA (Corporate Officers and Directors Assurance) that eased the impact of the hard D&O market that existed at the time. He has been a member of congressional steering committees and a technical advisor on insurance legislation. He has spoken at a number of national risk management conferences and has served as RIMS' president. Today, Stasch is the director of risk management services for Southfield, Michigan-based Federal-Mogul Corporation.

But for the winner of RIMS' 2003 Harry and Dorothy Goodell Award, the most rewarding part of the risk management business has always been the human element. "It's a people business," Slasch says, "and to the extent that you like to be around other people, it's been great."

Stasch has spent most of his career strengthening those personal bonds through active involvement in risk management at both the local and national levels. As part of the Detroit RIMS chapter, he served on various committees and officer chairs until he became chapter president from 1979 to 1980. He joined the national executive committee in 1982 and served terms as the vice president of communications, vice president of governmental affairs and vice president/treasurer. From 1989 to 1990, Stasch served as RIMS national president.

True to form, Stasch is less concerned about the personal honor of being chosen as a RIMS president as he is grateful for the relationships it helped him develop. "Being president was wonderful," he recalls. "But I never wanted to be president-I always wanted to be a former president. I really liked the group. It becomes an extension of your family. We help one another, we support one another, and although you go through some challenging times, you do it as a group."

In order to share his knowledge with future risk managers, Stasch taught CPCU and ARM courses for seventeen years at colleges in Michigan and northern Ohio. He considers this one of his proudest achievements. "To me, the most satisfaction I ever had was when people that were in my classes, or that I've taken the time to try to help, have come back and thanked me for it," he says. …

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