While rewatching the original Jurassic Park film I began thinking about it from a risk management perspective. When Malcolm, Grant, and Sattler arrive on the island, all is well. The dinosaurs are secured behind fences and John Hammond and his…
Cannabis insurance is not the only kind of risk management
There is no shortage of Canadian insurance brokers and companies trying to sell medical cannabis businesses insurance products. While your business and property always need some insurance keep in mind that insurance is merely one treatment for managing your business…
The winding rivers of risk management
In the novel Time and Again by Jack Finney, he writes about Einstein’s theory of time travel this way: “we’re mistaken in our conception of what the past, present, and future really are. We think the past is gone, the…
Risk of a short dead dude
In celebration of La Fête Nationale, Bastille Day, on July 14 here is an example of some poor risk management on the part of the British. The late historian Robert Sobel once noted that the “British created a civil service…
Campers, risk management and bears (oh my!)
There’s an old joke about two campers that are awakened by a hungry bear. The first guy yells ‘run’ but the second guy stops to put on his running shoes on first. The first guy asks if his companion really…
The Great Plague of London and root causes of risk
One of the hardest parts in documenting your risks is figuring out the root cause of the risk being analyzed. If this is done poorly, we will spend time and money treating the wrong root causes and the risk may…
The Walking Dead and risk management
If there are two things you have noticed about this blog, I often write about zombies and the Moment of Risk Enlightenment. Today’s post combines both. (Note: This post contains spoilers about season two of the Walking Dead.) I was…
You don’t need to mitigate every risk: Tire edition
There’s a nail in the tire of my wife’s car. Rear driver side. Fat head pushed all the way in. It caught her eye on the weekend by accident while the car sat in the driveway. Tire pressure appears normal.…
The black swans and Field of Dreams
Yesterday I wrote about a white paper “Black Swans Turn Grey” from PwC. Here’s a footnote to that post. I had a good chuckle when I read about these “new black swan risks”. The authors suggest that all these…
Ned Stark. Hand of the King. Chief Risk Officer.
Eddard (Ned) Stark, Lord of Winterfell, is a protagonist in the book A Game of Thrones by George R.R. Martin. He is principled and tells the truth and believes in honour and justice. Ned would make an excellent Chief Risk…