In Defining Success in Risk Management Kathleen M. Beans, editor of the RMA Journal, and risk management expert writes:
Financial services leaders addressed two questions during an RMA chapter panel discussion this spring:
What do you mean by success at your enterprise and how does risk management contribute to that success?
Insurance class action expert witnesses may testify on insurance regulations, professional liability insurance, agent errors and omissions, the insurance industry, and correlated topics. In Insurance May Cover Class Action Costs for Merchants Who Recorded Customers’ Zip Codes, attorneys Robert L. Wallan and Kimberly L. Buffington write:
The California Supreme Court’s Pineda v. Williams-Sonoma has already spawned a wave of class action lawsuits, many of which may constitute covered losses under a business’s Directors and Officers (D&O) or Commercial General Liability (CGL) insurance policies.
Read more: Perspectives on Insurance Recovery Newsletter (Summer 2011).
Professional liability insurance expert witnesses may write reports and opine on professional indemnity insurance, errors & omissions insurance, and malpractice insurance, among other topics. On the website Everything Small Business, find the article Small Business Liability Insurance – The 4 Types That You Need To Protect Your Business:
Other Types of Small Business Liability Insurance
Just as health insurance for small business is vital to the owner to protect the business entity, these types of insurances also work to protect the business against loss in the event of a third party claim. The type of business one owns will determine the type of insurance plans you will purchase.
Trucking expert witnesses may testify on hours of service, trucking accidents, and federal motor vehicle safety standards, as well as related issues. In Pillars of Driver Retention Truckinginfo.com author Marc Mayfield writes:
You can tie down your loads but you can’t tie down your drivers. However, with a little forethought, you might be able to keep the good ones feeling secure.
In a loose adaptation from the book “In The Driver’s Seat: Interstate Trucking, a Journey,” trucker/author Marc Mayfield offers these tips for keeping your operators satisfied:
Real estate management liability insurance expert witnesses may testify on property insurance, insurance fraud, and affiliated matters. Stateside Underwriting Agency explains what property manager liability insurance entails:
property manager liability insurance liability insurance for property preservation wrongful eviction coverage tenant discrimination insurance….
Read more: statesideunderwriting.com.
Hazard identification expert witnesses may write reports and opine on risk assessment, disaster risk management, as well as related issues. At its website, FEMA offers Hazus, a methodology for estimating potential losses from disasters.
Hazus is a nationally applicable standardized methodology that contains models for estimating potential losses from earthquakes, floods, and hurricanes.
Hazus uses Geographic Information Systems (GIS) technology to estimate physical, economic, and social impacts of disasters. It graphically illustrates the limits of identified high-risk locations due to earthquake, hurricane, and floods. Users can then visualize the spatial relationships between populations and other more permanently fixed geographic assets or resources for the specific hazard being modeled, a crucial function in the pre-disaster planning process.
Vulnerability assessment expert witnesses may testify on risk assessment in energy supply systems, IT systems, and communication systems. The SAINT Corporation explains that “new vulnerabilities are discovered at an astonishing rate….The number one threat to infrastructures today is known vulnerabilities.”
Read more: www.saintcorporation.com.
Insurance fraud expert witnesses may write reports and consult on insurance claims, insurance carriers, the insurance industry, and affiliated matters. On its website, The Insurance Information Institute offers informative articles including Fraud and Abuse In No-Fault Auto Insurance System Results In a Substantial ‘Fraud Tax’ for Florida’s Drivers, I.I.I. Finds.
Read more: iii.org.
Marketing expert witnesses may opine on marketing effectiveness, marketing research, marketing strategy, and more. At Expert Communications.com, Rosalie Hamilton provides methods for experts to find prospective attorneys, companies and insurers that need their expert consultant services. At ExpertCommunications.blogspot.com, attorney Elliott Wilcox, lead trial lawyer in nearly 200 jury trials and numerous non-jury trials, writes Tips for Testifying. Mr. Wilcox cautions that this is just a quick primer.
Don’t get rushed. Get into the pattern of “Question – Pause – Answer.” By ensuring that you pause after each question (regardless of the question’s difficulty) you’ll avoid getting pushed into rapidly answering the defense attorney’s questions.
Talk to individual jurors, not “the jury.” Make eye contact with individuals. Think “conversation,” not “soliloquy.”
Computers expert witnesses may provide reports concerning computer storage, computer systems, computer forensics, and associated issues. In the news this week, Facebook will be building its first data center outside the US in the Swedish town of Luleaa which is located sixty miles from the Arctic Circle. The center will have 3 buildings of 300,000 square feet each. Facebook says the area is distinctly appealing because cooling computer servers is a major issue.
