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Insurance Risk Management

Your Guide to Personalizing Risk Management for Your Community

Risk Management is a broad term. The process of managing risk can be simple or complex depending on the needs and size of the community. Every decision the board makes is, in effect, an attempt to manage a risk. There are six general classes of risk which will be evaluated. When creating a risk management

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Communication Education

A Lesson in Community Management: Managing the Emotional Response to Casualty Loss

To quote Dr. Michael Ong, “Good Risk Management fosters vigilance in times of calm and instills discipline in times of crisis.” If the Community Association Managers (CAMs) heeds this advice, managing risks associated with casualty loss can be a matter of procedure: Triage → Mitigate → File Claim → Restore. For the homeowner, however, in

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Association Insights Risk Management

Risk Management in the Aftermath of Surfside

The June 24, 2021, collapse of the Champlain Towers South Condominium—a 12-story, 136-unit beachfront condominium in the Miami suburb of Surfside, Florida—if it has not already, will become a defining moment for condominium associations across the country. Prior to the collapse, associations managed their buildings with varying degrees of attention. Associations with strong management, strong

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Risk Management

Different Roles of Risk Management

In this article, we will discuss the different roles people play in risk management, community managers, board of directors, insurance agents, and others. Risk management is about how you prepare your community’s future by identifying risks and addressing critical issues. With a proactive approach in place for risk management, the community association can be prepared

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