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Captive insurance companies have long been flexible tools for financing risk. I believe a well-governed captive can do more: it can help drive enterprise risk management (ERM) by turning risk information into decisions about coverage, loss control, and capital. The NC State ERM Initiative's 2026 State of Risk Oversight describes a widening gap between awareness of risk and the ability to manage it strategically. Sixty-nine percent of respondents said the volume and complexity

North Carolina State University’s ERM Initiative and the AICPA recently published the 17th edition of The State of Risk Oversight: An Overview of Enterprise Risk Management Practices. Its findings reveal a striking gap between awareness of risk and the use of risk management in strategy. Among the 331 executives and board-level leaders surveyed, 69% said the volume and complexity of risks had increased over the past five years. However, only 30% described their risk oversigh

Will recent developments and the November 2026 election impact the direction of Artificial Intelligence Risk Management? See the Wall Street Journal's Risk and Compliance Journal on September 14th, 2026 posted below. I have posted recent articles on the topic on my ERMLab(c) page. Let me know what you think.    David Smagalla, Dow Jones Risk Journal   The Morning Risk Report: Congress Is Suddenly Waking Up to the AI Doomsday Threat   Good morning. A groundswell of urgency ove

Is reputation itself an exposure, or is reputational damage merely a consequence of an adverse event and, therefore, part of the resulting financial impact? My opinion is that reputation is an intangible exposure that can be damaged by a defined peril or adverse event and whose impairment can be measured through changes in stakeholder behavior and financial performance. Let's start by defining an exposure: I define an exposure as an asset, resource, relationship, capability,

Considering an Independent Non-Executive Director (INED) for your captive insurance company’s board? The right candidate brings not just independence and objectivity, but relevant insurance and regulatory expertise specific to your captive's domicile and structure — worth discussing with your captive manager or governance advisor as part of your next board review. When a company forms a captive insurance company — whether a single-parent captive built to insure its own risk,

Business schools proudly emphasize critical thinking as one of the most important skills every graduate should possess. It appears in mission statements, accreditation standards, learning objectives, and employer surveys. Yet another equally important capability often receives far less attention: design thinking. In today's rapidly changing business environment, organizations need leaders who can do more than analyze problems—they need leaders who can redefine them. Critical

In today's fast-paced world, connecting with the right people can open doors to new opportunities. One such individual is Michael Zuckerman. Whether you are looking to collaborate, seek advice, or simply want to learn more about his interests, this blog post will provide you with all the necessary information to reach out to him effectively. Michael Zuckerman is not just a name; he represents a wealth of knowledge and experience. His diverse interests and professional backgro

Michael Zuckerman is a name that resonates in various circles, from media to business. His career is marked by significant achievements and a unique approach to media engagement. In this blog post, we will explore the highlights of his career and how he has effectively engaged with the media throughout his journey. Michael's career began in a modest setting, where he quickly learned the ropes of the industry. His passion for storytelling and communication set him apart from h

In today's fast-paced world, having the right expertise can make all the difference. Michael Zuckerman stands out as a beacon of knowledge and skill in his field. With years of experience, he offers a range of services that cater to various needs. This blog post will explore Michael's expertise, the services he provides, and the valuable insights he has gained over the years. Michael Zuckerman has built a reputation for excellence. His journey began with a passion for learnin