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 Oct 14, 2020
End Date Oct 16, 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
Sacramento, CA
October 14-16, 2020
7:30 AM Registration
TBDSAC
UNKNOWN ADDRESS
Sacramento, CA 94203
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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

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.

Faculty Name

Michael Scott

Bio Detail

Michael T. Scott is an attorney at Allison & Mosby-Scott where he heads the firm's Business Law practice and serves as President of Allison & Mosby-Scott Risk Management, the firm's risk management consulting practice. Michael's practice areas include business and commercial litigation; business organization and transactions; mergers and acquisitions; ERISA; contracts; and captive insurance company taxation, formation and regulation. Michael leverages his 22 years of legal experience and his unique skills as a strategic thinker and problem solver to help clients solve complex legal and risk management issues and to achieve their strategic goals. Prior to joining the firm, Michael was Vice President, Insurance & Risk Management at Archer Daniels Midland Company (ADM) and President and General Counsel of Agrinational Insurance Company, the captive insurance company of ADM. Under his leadership Agrinational became one of the most admired captive insurance companies in the world. Agrinational was named the 2012 Captive Insurance Company Association Outstanding Captive award winner as well as the 2012 World Captive Forum Award of Excellence winner. Agrinational was also one of the ?rst companies to receive Department of Labor approval to reinsure US employee bene?ts. Michael also has extensive experience in business formation, M&A, regulation and risk management. He oversaw the acquisition of a crop insurance MGA, its growth to $500 million of gross written premium, and ultimately its sale for a gain of $120 million. He was also responsible for the formation and operation of an Illinois captive insurance subsidiary and the acquisition and operation of an Arizona insurer licensed in 42 states. Michael is a frequent speaker on risk management, insurance, and captives and is a published author who has served on many boards. He served as a Director and member of the Audit Committee of United Insurance Company, a Cayman Island insurer, served on the Chubb and Swiss Re Client Advisory Panels and currently serves as a Director for the Captive Insurance Companies Association. He has also served in leadership roles at the American and Illinois State Bar Associations. Prior to his time at ADM, Michael served as a corporate attorney for State Farm Insurance Companies in Bloomington, Illinois. In addition to being licensed to practice law in the State of Illinois, Michael holds the CPA, CRM, CPCU, CLU, ChFC, FLMI, ARM, ARC, AIC, AMIM, ARe, AIAF, AU, and CGMA designations. He is a graduate of the University of Illinois and Southern Illinois University School of Law.