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…
Under the Dome risk management
In Stephen King’s novel, Under the Dome, a small town in Maine becomes suddenly cut off from the outside world by “an invisible barrier of unknown origin”. If that sounds a bit too much like the Simpsons Movie or…
Real Human Beings and the Elephant Man
Perhaps one of the most famous movie quotes from my childhood was from the 1980 movie ‘The Elephant Man‘ based on the life of Joseph (John) Merrick, a severely deformed man in 19th century London. At one point in the…
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…
The iPhone 4S of enterprise risk management
Last year Apple released the iPhone 4S and critics pointed out it was pretty much the iPhone 4 with a big-s glued on. Although there were some minor improvements from the iPhone 4, overall it was pretty much the…
Risk management oldies but goodies
The good folks at Riskviews got me thinking about my least read posts. I’ve been doing this for a few years and understand that no one wants to scroll through over 300 blog entries to find some gems from 2006.…
They will always find a way to screw you
I worked about six shifts at a Burger King in a shopping mall when I was in my teens. I quit because I didn’t care much for wearing the brown pants and hairnet. On my final night, the closing shift,…
There’s risk in relying on risk managers
Andrew Hill from the Financial Times writes there’s risk in relying on risk managers. He also notes that despite Carsten Kengeter’s assertion: “We will not rest until we have controls that are as watertight as possible”, we all know that…