American International Underwriters (AIU) is pleased to bring you AIUcasts, a series of short audiocasts on topics of interest to AIU's brokers and clients. AIUcasts are created and presented by experts in the fields of risk, risk management, and insurance coverage, and are available in several languages. Click on an AIUcast and listen to it on your computer, download it to your portable audio or MP3 player, or print it out. Please contact us with any comments on or suggestions for future AIUcasts.
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Audiocasts on Topics
Food Fraud is the deliberate placing on the market, for financial gain, of foods which are falsely described or otherwise intended to deceive the consumer. It includes issues of authenticity (like the mixing of cheaper rice in with basmati rice) as well as the placing on the market of food unfit for consumption. The August 2008 podcast of Recall Matters discusses how companies can minimize the possibility of a product recall due to food fraud.
Communications are crucial to crisis management and can lessen the impact of the event. This audiocast will discuss crisis management and how to control any gaps in communications which otherwise will quickly be filled by rumor and speculation during a crisis – and none of it will be positive for your company.
Most businesses think that they are covered by their General Liability policies. However, that isn’t necessarily true, and a business owner doesn’t want to find that out too late. Originally developed to cover complex, high-risk industries, the new regulatory and legal environment has made environmental insurance increasingly necessary for businesses of every size and sector.
Audiocasts on Products
When a company changes hands, what happens to the Directors and Officers (D and O) cover? A change in control, such as a merger or acquisition, normally sends a company’s D and O policy into run-off. This is where the D and O Lifetime Run-off policy steps in, to cover the residual exposures of the directors and officers of that company.
Many businesses never recover from the effects of a disaster. Customers and contracts may be lost, key employees may leave, access to credit may be harder, and competitors will take as much advantage as they can. It’s been estimated that as many as 80% of businesses either never reopen, or close within 18 months of a major incident. AIG’s Office Disaster Recovery aims to jump start businesses after a disaster so they can focus on their critical business operations.