Risk Management: Brick by Brick

In this Greatest Hits episode of Risk Management: Brick by Brick, Jason Reichl has a conversation with Cory Mangum, Risk & Insurance Manager at Primoris Services. They discuss the importance of risk management as Cory shares his career journey from the beginning to where he is now. Topics covered include the overall impact of risk management on the community, how to communicate risk management upwards in an organization, and career advice.Cory Mangum has over fifteen years of experience in the risk management insurance industry. Cory is also an accomplished writer who specializes in risk management and academic writing. Episode resources:

• Corey Mangum on LinkedIn
• Primoris Services on LinkedIn
  
  

Mentioned in the episode:

• Primoris Services
• Daniel Khaneman

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Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so
Previous guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation.
Check out the three most downloaded episodes:

• Managing Your Risk Portfolio with Seth Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

On the latest episode of Risk Management: Brick by Brick, Jason Reichl is joined by Melissa Hollingsworth, Enterprise Risk Manager at Atlanta Housing.
In this episode, Jason and Melissa explore how to promote diversity in the industry, the profit potential of captives, and how to form strong relationships with third parties.
To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.
Podcast Host: Jason Reichl
Executive Producer: Don Halliwell
Episode Highlights:

• 00:00 - Intro
• 00:56 - Melissa’s Story
• 02:14 - How to Thrive in Risk Management
• 03:01 - Breaking the Glass Ceiling
• 05:44 - Finding Organizations that Promote Diversity
• 09:46 - Why You Should Consider Captives
• 13:14 - Technologies to Watch Out For
• 16:38 - Building Good Third Party Relationships
• 18:13 - Don’t Be Afraid to Fail
• 19:31 - Defining Risk Appetite
• 21:49 - Outro

Episode resources:

• Melissa’s LinkedIn
• Atlanta Housing
• TrustLayer

If you enjoyed this episode, please (with a cherry on top):

• Subscribe, rate, and review it on Apple Podcasts
• Follow TRS on Spotify
• Tell a friend!

Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so
Previous guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation.
Check out the three most downloaded episodes:

• Managing Your Risk Portfolio with Seth Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

On the latest episode of Risk Management: Brick by Brick, Jason Reichl is at RISKWORLD 2024 speaking to Laura Hatton, Risk Manager at Burnham Holdings.
In this episode, Jason and Laura explore the complexities and challenges of managing risk in manufacturing, as well as the importance of strong partnerships and communication between risk managers and other departments.
To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.
Podcast Host: Jason Reichl
Executive Producer: Don Halliwell
Episode Highlights:

• 00:00 - Intro
• 00:43 - Laura’s Background
• 01:11 - What is Risk Management?
• 01:37 - Behind Burnham Holdings
• 02:37 - Building Risk Programs
• 04:09 - Navigating a New Year’s Eve Risk
• 07:19 - The Intricacies of Manufacturing
• 09:40 - Risky or Too Risky
• 10:27 - Why Risk Managers Need to Build Relationships
• 11:19 - Proactive versus Reactive Risk Management

Episode resources:

• Laura’s LinkedIn
• Burnham Holdings
• TrustLayer
  
  

If you enjoyed this episode, please (with a cherry on top):

• Subscribe, rate, and review it on Apple Podcasts
• Follow TRS on Spotify
• Tell a friend!
  

Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so
Previous guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation.
Check out the three most downloaded episodes:

• Managing Your Risk Portfolio with Seth Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

On the latest episode of Risk Management: Brick by Brick, Jason Reichl is joined by Lyndsey Christofer, Executive Vice President of Construction and Real Estate and Hospitality (REH) Industry Practice Leader at Chubb. Lyndsey is responsible for leading a broad team of dedicated construction and REH underwriting and service specialists to deliver customized and innovative insurance solutions.In this episode, Jason and Lyndsey discuss the exciting role of technology and automation in risk management, and how they factor into emerging areas in the construction industry. They further touch on coping with a reduced workforce, as well as how Chubb are committed to building strong client relationships.Episode resources:

• Lyndsey’s LinkedIn
• Chubb
• TrustLayer

If you enjoyed this episode, please (with a cherry on top):

• Subscribe, rate, and review it on Apple Podcasts
• Follow TRS on Spotify
• Tell a friend!

To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.
Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so
Previous guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation.
Check out the three most downloaded episodes:

• Managing Your Risk Portfolio with Seth Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

In this Greatest Hits episode of Risk Management: Brick by Brick, Jason Reichl is joined by Marco Romero, Risk Management & Claims Specialist at Harkins Builders, a leading construction management and general contracting firm. Prior to joining Harkins, Marco spent nearly a decade working in Risk Consultancy at Simmerer Insurance. With such a strong background, Marco is a trusted advisor within his company and beyond.In this episode, Jason and Marco discuss the importance of effective communication, gathering information, and using tools such as centralized data systems to manage risk. Further, they touch on the potential future of risk management in the construction industry, and the potential for automation to make the life of a risk manager easier.To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io. Episode Highlights:04:14 - 07:39 — Managing the Three Buckets of Risk Management - Risk management can be broken down into three buckets: governance, known execution, and mitigation. Effective communication is key to balancing the three and managing the process from start to finish. Unfortunately, it is impossible to be an expert in everything, so having an open channel of communication between the experts in each department allows for preparation for all risk cases. 09:28 - 11:37 — Communicating the Inherent Risk of a Decision - Marco’s organization uses an internal centralized grading system to communicate the inherent risks of decisions. It is majority based on historical data gathered from everywhere, including external to the organization. It provides the reasoning for making decisions, and allows for an archive to be created for every project team reference in new projects. This allows for the creation of new approaches, and for learning from the past. 11:37 - 15:58 — Fostering Effective Communication and Engagement with Vendors - Working with vendors is a partnership, and Marco sees every trade partner as a true partner on the projects they are working on. To Marco, the best way to foster engagement and collaboration with partners is to engage in face-to-face and telephone conversations. Avoid leaving anyone in the dark as you are all trying to achieve the same goal. Allowing everyone a voice helps to encourage partnerships that thrive and are maintained over time. Further, not every trade partner will be an insurance expert, and so it is important to lay clear the expectations and processes that will be involved. Maintain communication and hear them out; show them you’re people they want to work with.19:21 - 21:12 — Managing When Things Go Wrong - Risk managers have to expect unexpected incidents to occur, and figure out how to resolve them. One key method is to maintain transparency across all parties. It can feel as if insurance carriers are the ‘bad guys’, but really they are working towards the same goal, to get the right risk mitigation measures in place to prevent things getting out of control if a situation goes awry. Everyone needs to be kept in the loop.Episode resources:

• Marco’s LinkedIn
• Harkins Builders Linkedin
• TrustLayer
  
  

If you enjoyed this episode, please (with a cherry on top):

• Subscribe, rate, and review it on Apple Podcasts
• Follow TRS on Spotify
• Tell a friend!

Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so
Previous guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation.
Check out the three most downloaded episodes:

• Managing Your Risk Portfolio with Seth Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If you are interested in being a guest on Risk Managemen...