Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights.

Slides:

Advertisements

Similar presentations

Job Hazard Analysis I. Speaker’s Notes:

Advertisements

Raising Entrepreneurial Capital

Assignment Six Risk Control and Premium Auditing.

CAMET Duties and Responsibilities Presented by the NC Department of Crime Control & Public Safety Division of Emergency Management and the NC Department.

Business Auto Insurance Covers auto exposures for any type of organization except: Auto business (service stations, auto dealers, repair shops, parking.

Section 34.2 Handling Business Risks

Casualty Loss Reserve Seminar 2002 Session Number 2 - Workers’ Compensation Reserving – How and When Should You Slice the Cake? Timothy L. Wisecarver FCAS,

Dennis J. Powers Jr. AIC, ARM, CPCU Lamb, Little & Co.

“This workforce solution was funded by a grant awarded under Workforce Innovation in Regional Economic Development (WIRED) as implemented by the U.S. Department.

1 Risk Management at Progressive Insurance How we got started Getting corporate support Capital Management Examples of deliverables The value risk management.

WHY USE A FLUID SEALING SPECIALIST? FOR SAFETY & RELIABILITY BECAUSE…….

EHS Steering Team Meting March 13 th, Duke Energy Fast Facts Duke Energy is an energy company headquartered in Charlotte, North Carolina. Its regulated.

Peter Brudenall & Caroline Evans- Simmons & Simmons Marsh Technology Conference 2005 Zurich, Switzerland. Managing the Security Landscape – Legal and Risk.

A Portfolio Approach to Enterprise Risk Management Bruce B. Thomas November 11, 2002.

Accident Reporting – Why Improve? *Claims reported after 7 days typically cost 18% more on average and have 17% longer disability. The Potential Benefits.

Principles of Safety. Introduction –Safety is no longer just the following of OSHA regulations –It is the coordination of all departments to produce the.

CHAPTER Section 16.1 Legal Issues Section 16.2 Insurance Protecting Your Business.

Chapter 4 Risk Management BCN 4772 Summer Risk Management What is Risk? What is Risk? Specific types of Risk Specific types of Risk Inflation Inflation.

Chapter 3: Risk Management

Safety and Loss Control

Commercial Insurance Underwriting University of Illinois Urbana – Champaign Finance 230.

FPF190: Fire Protection Fundamentals FPF190 Fire Protection Fundamentals 1 Insurance Loss Prevention Inspector.

E. PLANNING AND PREPARING TO MANAGE A SMALL BUSINESS Explain methods of dealing with business risk Explain business risk.

© 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Agritourism 101 Workshop Overcoming the Insurance Barriers Related to an Agritourism Business.

BCN 4708 Fall 2008 Chapter 8 Insurance. Insurance What is Risk? Specific types of Risk Inflation Inflation Market Market Principal Principal Liquidity.

Virginia School Boards Association Hot Topic Conference on School Safety Emerging Risk Management Trends in Virginia.

Introduction to Workplace Safety

Developing Workplace Safety Teams Presented by: Greg Manuel, Loss Control Manager

Types of Insurance. Private Insurance – Life and Health – Property and Liability Government Insurance – Social Insurance – Other Government Insurance.

Risk Control © 2006 The St. Paul Travelers Companies, Inc. All rights reserved. E:/2005/PRODUCT SAFETY & LIABILITY/TEMPLATE.PPT 1 Golfing Safety Injuries.

RISK AND INSURANCE. RISK The chance of loss –Speculative Risk –Pure Risk.

ASSURANCE PINNACOL ASSURANCE Wants you to know about : EMERGENCY/DISASTER PREPAREDNESS.

Introduction Research indicates benefits to companies who establish effective worker safety and health programs: –Reduction in the extent and severity.

Risk Engineering Be prepared for OSHA! Patric E. McCon, CSP, CFPS, CHMM Sr. Risk Engineering Consultant Zurich Services Corporation.

Insurance and Risk 2-1. Copyright © 2008 Pearson Addison-Wesley. All rights reserved. 2-2 Agenda Definition and Basic Characteristics of Insurance Requirements.

Copyright  Business & Legal Reports, Inc. BLR’s Safety Training Presentations Job Hazard Analysis.

Overview of Insurance Operations Types of Insurers Risk Transfer Process Objectives of Insurers Constraints of Achieving Objectives Measurement of Insurer.

Jonathan McCoy Regional Property Underwriting Manager Zurich Energy Supply chain insurance and risk assessment Protecting profitability.

Loss Prevention, Risk Management and Selling Safety Michael Liebowitz Risk and Insurance Management Society, Inc. OSHA Compliance Assistance Conference.

District Leadership Training 2015 Trustees LaNita Battles, AINS Claims/Risk Manager – Dept. for Ministry Protection Florida Annual Conference.

Casualty Loss Reserve Seminar 2001 Session Number 8 - Reserving – How and When Should You Slice the Cake? (Workers’ Compensation) Timothy L. Wisecarver.

HOSPITALITY & TOURISM 5.02A Interpret the nature of business ethics and social responsibility 5.02B Exemplify legal issues affecting businesses.

Created by Grace Fox of T.A.S. Commercial Concrete Construction, LP Material Handling Injuries Sprains and Strains 29 C.F.R., 1926.

Workers’ Compensation Incurred Cost Per Hour Worked May 1, 2013 – March 31, 2014.

Presented by Terrie S. Norris LAWCX Risk Control Manager.

____________________________________ Risk Management and Insurance: Insurance for Businesses.

1  Formal Function  Risk Manager  Environmental Health/Safety  Human Resources  Legal Counsel  Business Officer  Police Department  Press/Public.

Randy Wadle, CEO. Client Profitability  Breaking Down the P&L  Billable Services  Measuring Cost of Service  Client Scorecards.

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2016 Nationwide Mutual Insurance Company.. All rights.

Safety Committee Formation

How it affects CA employers

Campus Wide Safety Committee Initial Meeting 11/9/16

A comprehensive approach to recognizing and managing risk in business

Functions and Forms of Banking

Reduce Injuries: OSHA’s Top 10 List

Risk Management.

David Lodwick, CIC, CRM Director of Trust Services

Hospitality & Tourism 5.02A Interpret the nature of business ethics and social responsibility 5.02B Exemplify legal issues affecting businesses.

Risk Management Definition

Timothy L. Wisecarver FCAS, FCA, MAAA September 8, 2003

Overview of Insurance Operations

Presented By: Scott Hunter and Jim Hallford

E. PLANNING AND PREPARING TO MANAGE A SMALL BUSINESS

Cyber Trends and Market Update

Risks, Strategies and Resources for Small Scale Producers

ZeraWare Safety Software is a sustainable safety management system for managing the core components of a sound safety program. Our user- friendly software.

SELECTIVE FORESEE THE FUTURE WITH.

Worker’s Compensation

2018 TRENDS REPORT Planning for Growth in an Evolving Business Climate

Presentation transcript:

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. 1 New Horizons in Co-Op Enterprise Risk Management: Preparing for Tomorrow, Today

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. Disclaimer The information included in this presentation and accompanying materials was obtained from sources believed to be reliable, Nationwide® Mutual Insurance Company and its employees make no guarantee of results and assume no liability in connection with any training, materials, suggestions or information provided. It is the user’s responsibility to confirm compliance with any applicable local, state or federal regulations. Information obtained from or via Nationwide® Mutual Insurance Company should not be used as the basis for legal advice or other advice, but should be confirmed with alternative sources. Confidential information. Do not redistribute.

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. Industry Has Gone Through a Great Transformation In a Short Time Driven By Technological Advances, Equipment, and Facilities Regulatory and Litigation Mandates (Bio Fuels) Market Conditions Consolidations Financial Institutions, including Insurance Evolving Member Needs and Public Perceptions

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. Transformation Begins Transition From Risk Transfer to Risk Assumption Insurance Part of Risk Management Program Insurance Cost and Availability Buyer and Consumer Sophistication Hiring Qualified Safety/Regulatory Personnel Litigation Comes to Rural America-LP Implementation of Formal Written Regulatory, Safety and Compliance Programs Significant Reduction in Preventable WC Losses Significant Reduction in WC Mods Significant Increase of Exposure created by Larger Complexes, Commodity Prices and Business Income Coverage.

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. Property Frequency By Cause of Loss

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. Property Frequency Years : Top 5 Claim Count Wind Damage299 Lightning Damage131 Mobile Equipment126 Theft97 Collapse/Movement Of Structure65 Year : Total Claim Count1341

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. Property Average Claim Payment

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. Property Average Claim Payment

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. Workers Compensation Frequency By Cause of Injury Year 2000: Top 5 Claim Counts Lifting1031 From Different Level278 Foreign Matter in Eyes265 On Same Level219 Pushing/Pulling218 Year 2000: Total Claim Count4764 Year 2005: Top 5 Claim Counts Lifting378 Fall, Trip, Slip201 Strain Non Classified164 Foreign Matter in Eyes145 Caught, Puncture, Scrape138 Year 2005: Total Claim Count2595

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. Workers Compensation Frequency By Cause of Injury Years : Top 5 Claim Counts Lifting723 Strains Non Classified459 Fall, Trip, Slip374 Pushing/Pulling250 Foreign Matter in Eyes232 Years : Total Claim Count5156

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. Workers Compensation Average Claim Payment

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. Workers Compensation Average Claim Payment

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. Evolution of Customer Application and Liquefied Petroleum Gas Custom App Drift Losses YA 63 Misapp other YA 33 Tank Contam YA 79 Wrong Chemical606- YA 101 LP Gas CL/ACPCL/ACPCL/ACP 55/111k27/82k51/50k-YA 9

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. Current Opportunities/Challenges Quality Assurance is Not Safety Employees Trained/Certified to Use Equipment Evaluation Of Employees Use of Equipment Scheduled and Proper Maintenance of Equipment Revenue Over Safety and Maintenance Culture/Experience- Double Edge Federal Regulations OSHA, EPA, DOT Lack of Compliance in Litigation Technology Has Driven Some Complacency

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. The Horizon 1.Food Safety and Modernization Act-FSMA 2.OSHA focus on Ag Chemical/Fertilizer 3.Technology- Agribusiness are Innovators 4.End Consumer Will Drastically Change Ag 5.Politics

Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2015 Nationwide Mutual Insurance Company.. All rights reserved. Questions?