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...are not handled in-house (and few public entities handle them), you can monito...wing groups is recommended: Public Risk and Insurance Management Asso...

...sactions, especially with initial public offerings (IPOs). The dot-coms are th...iding for her retirement with savings bonds, and thought these instruments wer...

... prevention Claims adjusting Insurance premiums Administration Losses incurred may be controlled through various loss-control measures. Also, the amount of liability claims may be affected-strongly-by prompt and fair payment of legitimate claims combined with vigorous resistance to questionable claims. If claims are not handled in-house (and few public entities handle them), you can monitor the claims adjuster's work. Loss-prevention costs may be minimized by questioning expenditures for safety, fire protection, and security. Relate them to actual anticipated reduction in loss costs. If the cost of a protection device can't reduce ... a commodity to be purchased, but an element of a total risk-management program. Except in rare instances, the purchasing officer should have little or nothing to do with insurance or risk management. Chief Engineer. The chief of public works, chief engineer, or similar official may be responsible for maintaining building values and informing the risk manager of any changes-deletions or additions of properties and change in costs or values. This person will also frequently supervise the issuance of contracts to contractors. These contain insurance and indemnity provisions that should be carefully ... of experience, the risk manager should: Physically inspect major properties often enough to know what's going on Talk regularly with key staff and operating officials Study the annual budget to attain a feel for each activity's financial aspects Review all requests for funds for changes Read contracts, bond indentures, leases, and similar documents that may have insurance clauses or indemnity (hold harmless) provisions Study reports of all insured and self-insured losses Read minutes of meetings of the governing body, and review the agenda to see whether any item has risk-management implications Establish ...