CRM Risk case studies
CRM Risk · Put your knowledge to work in context.
The Certified Risk Manager (CRM) is an advanced education designation for risk management and insurance professionals, administered by the Risk & Insurance Education Alliance and recognized internationally. This page is an independent study resource and is not affiliated with or endorsed by the Alliance. The CRM Risk case studies are 5 cases and about 4,553 words.
1The Risk Register Nobody Trusts
Halcyon Foods ($310M revenue) runs two owned plants, leases a warehouse from a company owned by the CEO's brother, and outsources 30% of production to a single co-packer whose only qualified cooking line failed for nine days last quarter. A new direct-to-consumer channel now supplies 18% of revenue and suffered a breach of 40,000 customer records that reached Legal three weeks after IT discovered it.
894 words, about 4 min2Forecasting Retained Loss with a Thin Five-Year History
Ryder Fleet Services operates 120 power units; the fleet will be 132 next budget year. Over the last five accident years the auto liability program produced 240 claims and 26.4M of ground-up incurred losses, of which 14.2M fell in the layer above the 250,000 per-occurrence self-insured retention (18 claims).
952 words, about 5 min3Fire at the Distribution Center
At 02:40 on a Sunday a fire destroyed roughly 60% of the inventory in Ridgeway Supply's leased 220,000 sq ft distribution center. The disaster plan, written four years ago, names a crisis team whose call tree relies on mobile numbers that are no longer in service, and no alternate site was pre-arranged.
829 words, about 4 min4Guaranteed Cost, Large Deductible or Captive
Calder Health Staffing places 3,400 clinical workers on 95M of annual payroll. Five-year workers' compensation incurred losses were 0.7M, 1.9M, 0.9M, 1.5M and 1.2M; two claims from the 2021 and 2022 years remain open at 1.1M each, and one has developed upward by 400,000 in three years.
1,036 words, about 5 min5One Report for Four Countries
Norvell Industrial ( 600M revenue, Ohio) is acquiring Aventa, a 120M specialty coatings business with operations in Mexico (45% of Aventa revenue), Germany (40%) and a 51/49 joint venture in India (15%). Norvell currently buys a US master property and liability programme.
842 words, about 4 min