Expert Witness Blog

Risk management expert witnesses may testify and write reports on risk assessment, credit risk, and market risk. In Too Good to Fail? New Challenges for Risk Management in Financial Services, SAS, a leader in business analytics software and services, explains:

With regulators, boards and investors heavily scrutinizing risk management practices, effective risk management is more critical than ever. Financial institutions worldwide have initiated risk management measures to address the most glaring deficiencies exposed by the financial crisis. But have they done enough?

* How is the complex operating environment affecting risk management?

In The Advantages of Strategic Advisory Boards For Agency Owners insurance agencies expert witness Andres Barile, MBA, CPCU, writes:

Generally, a strategic advisory board meets on a quarterly basis, allowing for members to keep abreast of the significant issues affecting the insurance agency.

Ideally, your board should be comprised of a minimum of four members with expertise and knowledge in agency growth, carrier relationships, mergers and acquisitions, and legal and tax advice.

Tree diseases expert witness may opine on tree diseases that contribute to the death of most of the trees in the United States. In An Index of Common Tree Diseases: The Major Disease of Trees in the United States, Steve Nix writes:

1) Chestnut blight is a fungus that has virtually wiped out the American chestnut, as a commercial species, from eastern hardwood forests. Although roots from trees cut or killed many years ago continue to produce sprouts that survive to the sapling stage before being killed, there is no indication that a cure for this disease will be found. The fungus is widespread and continues to survive as a nonlethal parasite on chinkapin, Spanish chestnut, and post oak.

Read more: forestry.about.com.

Risk assessment expert witnesses may opine on risk management, risk management plans, and the risk management process. In Comprehensive Risk Assessment Guidance for Federal Information Systems, the National Institute of Standards and Technology writes:

Risk assessment is the topic of the newest special publication from the National Institute of Standards and Technology. Guide for Conducting Risk Assessments, an extensive update to its original 2002 publication, is the authoritative source of comprehensive risk assessment guidance for federal information systems, and is open for public comments through November 4.

In The Advantages of Strategic Advisory Boards For Agency Owners insurance agencies expert witness Andres Barile, MBA, CPCU, writes:

As the owner of an insurance agency, there is no legal requirement to have a board of directors. But in these interesting times, the owner of an insurance agency should look at forming a strategic advisory board.

A strategic advisory board is a group of carefully selected insurance experience advisors that assists the agent owner in making important decisions. Unlike a traditional board of directors, a strategic advisory board is comprised of members who have knowledge and expertise in specific areas of the insurance industry. The goal of the strategic advisory board is to reduce the amount of anxiety equated with confronting unexpected situations, and to provide solid, trustworthy business advice to ensure successful and profitable agency planning and execution. By adding substantial value, their cost does not become a burden for the agent owner.

In Restaurants Expert Witness Says Restaurant Industry Needs More Focus on Safety & Security, Howard Cannon writes that the restaurant industry needs to pay closer attention to safety and security.

Government agencies recommend monthly safety meetings with staff and management, but very few follow that advice. Too often, there is poor training and lack of focus on safety and security for customers or the restaurant staff; and, there is little or no commitment to following up on the training that does exist.

Read more: openpr.com.

Long term care insurance expert witnesses may provide reports concerning managed care, health insurance, long term care insurance,and associated matters. On their website, the American Association for Long-Term Care Insurance explains:

Most consumers do not know they must “health qualify” for long-term care insurance. There is a saying, your money pays for long-term care insurance – but your health buys it. Your health is the single most important factor.

Read more: aaltci.org.