1. During Hurricane Katrina a major seaport operated by a Port Authority sustained significant damage. It was evident that the insurance program for the Port Authority needed significant review and overhaul. After a Request for Proposal put out by the Port Authority CRM was selected for the task. As a result of the work and recommendations of CRM coverage was substantially improved, coverage was doubled and the cost was reduced by more than half a million dollars.
 

2. A municipality had been without insurance for more than 20 years. They were encumbered with significant liability claims with no reserves to cover the potential liabilities. CRM was selected to conduct a risk assessment, make recommendations, and handle a Request for Proposal process for broker and insurance selection. The municipality is now serviced by a competent broker with a comprehensive insurance and risk financing program in place.
 

Risk Assessment Key to Risk Management

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