GEICO Marine Insurance was originally established in 1989 in Annapolis, Maryland as Seaworthy Insurance Company. In 2007, the company was acquired by Berkshire Hathaway, providing more capital, strength and security for the company and its policy holders.
What is a correct guiding principle for Composite Risk Management? Apply the CRM process cyclically and continuously. The guiding principle of composite risk management is to providethe best security possible.
When these 5 steps of risk management process are known, a business will be running more smoothly by avoiding many types of barriers related. A good risk manager always follow every step of risk management process as every business organization has the risks to a certain level.