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.
What is the purpose for developing controls and making risk decisions in the CRM process? In Composite Risk Management, or CRM, the purpose for developing  controls and making risk decisions is to calculate whether the risk  involved is reduced to the point whereâ¦ the benefits would outweigh  the risk of loss.