Corporate risk managers need to implement a program of sophisticated loss prevention policies and processes known as the Highly Protected Risk concept, a specialist in the field advised at a recent industry conference.
Luis F. Arango, a loss protection and chemical technical specialist with Kansas City, Mo.-based GE Insurance Solutions' Global Asset Protection Services unit, spoke in Baton Rouge, La., at a meeting on industrial fire fighting.
By taking this approach, Mr. Arango said, companies will be better positioned to meet shareholder, regulatory and insurance provider expectations and requirements in a global economy.
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