Risk Management Lost: Part II.

    This follows a recent previous post about the role of Risk Management in the financial fiasco.  To that previously posted list of ways to have a financial breakdown, including in Insurance, should be added:

       It is not good risk management to silence Risk Managers, even if they appear to be "critics" of a Corporate profit center.

        It is also not good risk management to silence other people whose feedback is essential to the Risk Managers' evaluation of risk, which is one of the things that only Risk Managers do.

See also Gretchen Morgenson, "How the Thundering Herd Faltered and Fell/Merril Lynch Couldn't Escape the Housing Crash" p. 1, col 1 (New York Times Nat'l Ed, SundayBusiness Section, Sunday, November 9, 2008).

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