Risk Management in the New Year

The risk management environment at the beginning of 2011 is characterized by the sluggish economy, the shift in Congress and health care reform laws.  Operating with limited resources and regulatory uncertainty poses challenges for risk managers. However, stable insurance pricing allows risk managers to concentrate less on insurance negotiation and more on the prioritization of loss prevention programs, business continuity plans and risk management initiatives.  This year, Eastern Michigan Agencies resources will also be concentrated on Safety & Risk Management Programs that address "Total Cost of Risk" and helping our clients improve long term profitability and safety initiatives.

If you do not have a proactive safety committee meeting monthly, please contact your EMA representative to get your committee meetings started and your "Best in Class Safety Program" underway!!

Discrimination Suits On The Rise

Public awareness of employment discrimination has risen as employers experienced a surge of charges - the number of charges filed in fiscal year 2010 was 7.1 percent higher than fiscal year 2009, a substantial jump. For the first time, retaliation charges surpassed race as the most frequently filed charge. The increase in charges may be due to several factors, including economic conditions, increased diversity and demographic shifts in the work force, improvements in the U.S. Equal Opportunity Commissions's intake practices and greater accessibility to the public. Employers should respond by using extreme caution in the way the comply with the law, their internal systems and the way they react to employee complaints.

We will send you a small Thank You gift for each referral we receive.