Risk Management: Brick by Brick

In this Greatest Hits episode of Risk Management, Brick by Brick, Jason talks to Diana Rich, Director of Risk Management at Foundation Building Materials. Diana is a seasoned risk management professional who has developed and managed insurance programs for several industries. The scope of her responsibilities includes selecting and managing partners for all lines of insurance, negotiating premiums, and collaborating in the design and implementation of risk management information systems. In the episode, Diana and Jason discuss how ubiquitous risk management is, what constitutes an acceptable risk, and what qualities a risk manager needs. To find out how TrustLayer manages risk, so that people can build the physical world around us, head to TrustLayer.io. Risk Management: Brick by Brick is handcrafted by our friends over at: fame.soPrevious guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation. Check out the three most downloaded episodes: Managing Your Risk Portfolio with Seth HausmanFocusing on Specialization with Matthew MeyerRisk Management is Everywhere with Diana RichIf you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

On the latest episode of Risk Management: Brick by Brick, Jason Reichl is joined by Melissa Hollingsworth, Enterprise Risk Manager at Atlanta Housing.In this episode, Jason and Melissa explore how to promote diversity in the industry, the profit potential of captives, and how to form strong relationships with third parties. To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.Podcast Host: Jason ReichlExecutive Producer: Don HalliwellEpisode Highlights:00:00 - Intro00:56 - Melissa’s Story02:14 - How to Thrive in Risk Management03:01 - Breaking the Glass Ceiling05:44 - Finding Organizations that Promote Diversity09:46 - Why You Should Consider Captives13:14 - Technologies to Watch Out For16:38 - Building Good Third Party Relationships18:13 - Don’t Be Afraid to Fail19:31 - Defining Risk Appetite21:49 - OutroEpisode resources:Melissa’s LinkedInAtlanta HousingTrustLayerIf you enjoyed this episode, please (with a cherry on top):Subscribe, rate, and review it on Apple PodcastsFollow TRS on SpotifyTell a friend!Risk Management: Brick by Brick is handcrafted by our friends over at: fame.soPrevious guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation. Check out the three most downloaded episodes: Managing Your Risk Portfolio with Seth HausmanFocusing on Specialization with Matthew MeyerRisk Management is Everywhere with Diana RichIf you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

In this Greatest Hits episode of Risk Management, Brick by Brick, Matt Meyer joins Jason Reichl to discuss the key elements of a risk management program - from the relationship between businesses and brokers to risk mitigation strategies for contractors. They answer questions such as: Why is specialization so important in this era of risk management? What are the most important aspects of a risk management program? Matt also shares some career advice for up-and-coming professionals and the story of one spooky claim. To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io. Risk Management: Brick by Brick is handcrafted by our friends over at: fame.soPrevious guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation. Check out the three most downloaded episodes: Managing Your Risk Portfolio with Seth HausmanFocusing on Specialization with Matthew MeyerRisk Management is Everywhere with Diana RichIf you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

On the latest episode of Risk Management: Brick by Brick, Jason Reichl is at RISKWORLD 2024 speaking to Laura Hatton, Risk Manager at Burnham Holdings.In this episode, Jason and Laura explore the complexities and challenges of managing risk in manufacturing, as well as the importance of strong partnerships and communication between risk managers and other departments.To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.Podcast Host: Jason ReichlExecutive Producer: Don HalliwellEpisode Highlights:00:00 - Intro00:43 - Laura’s Background01:11 - What is Risk Management?01:37 - Behind Burnham Holdings02:37 - Building Risk Programs04:09 - Navigating a New Year’s Eve Risk07:19 - The Intricacies of Manufacturing09:40 - Risky or Too Risky10:27 - Why Risk Managers Need to Build Relationships11:19 - Proactive versus Reactive Risk ManagementEpisode resources:Laura’s LinkedInBurnham HoldingsTrustLayerIf you enjoyed this episode, please (with a cherry on top):Subscribe, rate, and review it on Apple PodcastsFollow TRS on SpotifyTell a friend!Risk Management: Brick by Brick is handcrafted by our friends over at: fame.soPrevious guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation. Check out the three most downloaded episodes: Managing Your Risk Portfolio with Seth HausmanFocusing on Specialization with Matthew MeyerRisk Management is Everywhere with Diana RichIf you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

Seth Hausman, a Managing Director with over 25 years in construction risk management, shares his insights on the critical nature of managing risk portfolios. He discusses how technology, such as drones and predictive analytics, is revolutionizing the industry. Seth also highlights the importance of clear communication in contracts to avoid pitfalls and stresses that curiosity is a vital driver of career growth. His passion for innovation and learning shines through as he advocates for a dynamic approach to risk management in construction.

Lyndsey Christofer of Chubb discusses the impact of technology on risk management, challenges faced by underwriters, and making risk programs tech-savvy. They also explore the effects of the pandemic on real estate and hospitality industries, emphasizing the importance of aligning risk programs at every level.

David Williams, Risk Management Director for the LA Clippers, discusses running a risk program for an NBA team, building relationships with stakeholders and experts, scaling risk programs, ensuring vendor compliance, and gives advice for beginner risk managers. Hosted by Jason Reichl, they explore the ins and outs of risk management in the sports industry.

Alexandra Littlejohn, Managing Director of EVP at Alliant Insurance Services, discusses leveraging data analytics in insurance. Topics include the importance of data collection, artificial intelligence in risk management, educating clients in risk, industry trends, and assessing risk tolerance through a fun game. Listen to learn how data is reshaping the insurance industry.

Rob McDonough, Managing Director of Marsh USA, discusses the evolving nature of construction insurance, trends in risk management, innovative data utilization, importance of curiosity for aspiring risk managers, and the transition to digital books in the industry.

On the latest episode of Risk Management: Brick by Brick, Jason Reichl is joined by Brad Hibbert, the COO and CSO at Prevalent Inc., a company that provides third-party vendor risk management solutions to eliminate security and compliance exposures. In this episode, Jason and Brad explore prioritization, automation, ongoing monitoring, and continuous improvement in managing risks, and discuss the incorporation of AI into risk management programs. To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.Podcast Host: Jason ReichlExecutive Producer: Don HalliwellEpisode Highlights: 00:00 - Intro 02:04 - Biggest Risks to Businesses in 2024 07:35 - New Technologies and Methods to Mitigate Risk 10:16 - The “Bottom Up” Approach to Risk Management 15:01 - The Importance of Velocity When Closing Down Risk16:33 - Quick-Fire Risk Assessments 18:18 - Outro Episode resources:Brad’s LinkedInPrevalent Inc.TrustLayerIf you enjoyed this episode, please (with a cherry on top):Subscribe, rate, and review it on Apple PodcastsFollow TRS on SpotifyTell a friend!Risk Management: Brick by Brick is handcrafted by our friends over at: fame.soPrevious guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation. Check out the three most downloaded episodes: Managing Your Risk Portfolio with Seth HausmanFocusing on Specialization with Matthew MeyerRisk Management is Everywhere with Diana RichIf you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest