Financing of Risk

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$440.00
Available
Seats Available
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Instruction Hours 16
Topics Financing of Risk
Programs Certified Risk Managers (CRM)
Start Date Apr 29, 2020
End Date May 01, 2020
Learning Options Traditional Classroom

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Topics Covered: covered

  • Risk Financing Fundamentals

  • Risk Financing Program Decision Making
  • Methods for Risk Financing
  • Risk Financing Team
  • Alternative Risk Transfer
St. Petersburg, FL
April 29 - May 1, 2020
7:30 AM Registration
TBDSTP
UNKNOWN ADDRESS
St. Petersburg, FL 33701
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Financing of Risk

Financing of risk can be an intricate and complex task. In this course, you will compare the various financing options presented: non-insurance transfer, guaranteed cost plans, retro plans, dividend plans, pools, and various types of captives. You will learn how to deliver the message to management in present value dollars. We recommend that this course follow Analysis of Risk.

This 16-hour course includes application exercises.

Topics Covered: covered

  • Risk Financing Fundamentals

  • Risk Financing Program Decision Making
  • Methods for Risk Financing
  • Risk Financing Team
  • Alternative Risk Transfer
Faculty

Faculty Name

David Hershey

Bio Detail

David Hershey is the Corporate Risk Manager for Sprague Operating Resources, LLC and Lexa International. Collectively, a $5+ Billion (USA) and $5+Billion European global diverse organization consisting of petroleum wholesale and distribution, wastewater treatment equipment manufacturing, lumber recycling, medical product manufacturing, residential water purification and softening equipment manufacturing, college student housing, telecommunications, petrochemical, food, lifting equipment, pump manufacturing, bearing & transmission manufacturing, auto parts distribution and the exclusive European distributor of Fuji film. Prior experience includes the role of Risk Manager for Sotheby Holdings, NYC one of the world's premier auction houses and Day & Zimmermann, a large international military contractor providing base and supply support services. David is current President of the Massachusetts RIMS Chapter, Board Member of the NH CPCU, a published author of several pollution coverage and insurance related articles such as Finite Risk, The Risk Management of Brownfields, Pollution Liability Coverage Loopholes, Maritime Employers Liability, Indemnitees, Additional Insured and the Insurance Certificate. Other accomplishments include being a finalist as the manager of the Workers' Compensation Best Managed Workers' compensation Program sponsored by National Underwriter and recipient of the 2014 Risk Management All Star and the Risk Manager Responsibility award by Risk & Insurance and Liberty Mutual. Other notable accomplishments include instructor of insurance related courses and the Insurance Library of Boston and the Philadelphia Insurance Library, expert witness, past Board Member of RIMS External Affairs Committee, current member RIMS Standards & Practices Committee, 2009 winner of Zurich Award for largest decrease in WC claims, co-author of RIMS Claims Handling Guidebook for Risk Managers, current member of the Association of Certified Fraud Examiners, and proficiency in nuclear liability, munitions manufacturing and international coverage placement and coordination, large casualty, program agreement negotiation, risk financing and pollution coverage.

Faculty Name

Ric Burwell

Bio Detail

Ric Burwell is a director of pool administration with risk management and claims administration services firm Sedgwick, specializing in self-insurance pooling for government agencies. Ric manages a primary workers' compensation pool of California housing authorities as well as an excess liability pool comprised of cities and special districts. Prior to joining in 2016, he was the construction practice leader for the San Francisco and Sacramento offices of Willis. He is a licensed property-casualty broker in California. Ric brings both breadth and depth of insurance and risk management experience to teaching. In earlier stages of his career, he was a claims adjuster for Travelers and a marketing representative and a commercial casualty underwriter for Fireman's Fund. Later developing risk management as a focus, he served as the risk manager of a mid-sized, publicly traded family entertainment corporation; a government self-insurance pool; and a large infrastructure contractor. Ric brings practical experience in many disciplines, including insurance, self-insurance, surety bonding, risk transfer, risk financing and claims and litigation management. Ric is a graduate of UC Santa Barbara. He received his MBA at California State University, Sacramento, where he is a part-time instructor of insurance and risk management in the College of Business Administration. He has taught numerous regional and national workshops and classes, including Associated General Contractors (AGC), Public Agency Risk Managers Association (PARMA), Risk and Insurance Management Society (RIMS) and IRMI's Construction Risk Management Conference.