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lobbying the Tennessee General Assembly on behalf of municipal governments, working with the TML Risk Management Pool, a cooperative risk-sharing arrangement established to provide liability insurance coverage, and; working with the Tennessee Municipal Bond Fund, which assists local governments in obtaining funding for capital projects.
Risk management is the identification, evaluation, and prioritization of risks, [1] followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. [2]
World-Check [1] is a database of politically exposed persons (PEPs) and 'heightened risk' individuals and organizations. World Check formed part of the Thomson Reuters Risk Management Solutions suite before being transferred to Refinitiv after a merger deal with The Blackstone Group in October 2018.
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Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
Burton was a regional manager for the Western & Southern Life Insurance Company, based in Cincinnati, Ohio, when it decided to discontinue operating in Tennessee. Burton was going to be discharged, but according to company lore, was told by his superior, "If you're the man that I think that you are, you'll start your own company," and he did so.
This continued to be the main focus of the agency through the 1960s as the OCD prepared the Tennessee Plan for the Management of Resources, a plan designed to manage resources after a nuclear strike. In 1984, after the Waverly, Tennessee, tank car explosion , the Office of Civil Defense was renamed the Tennessee Emergency Management Agency and ...
Risk management tools help address uncertainty by identifying risks, generating metrics, setting parameters, prioritizing issues, developing responses, and tracking risks. [1] Without the use of these tools, techniques, documentation, and information systems, it can be challenging to effectively monitor these activities.