Risk policy could save city millions

Kaffer, Nancy
February 2009
Crain's Detroit Business;2/23/2009, Vol. 25 Issue 8, p3
The article focuses on the importance of developing a government policy for risk management by the city of Detroit, Michigan. It is stated that lack of a citywide risk management policy costed it $204 million in claims and judgments between fiscal years 2003 and 2005. Also mentioned are the plans of the city to establish policy for risk management, which includes formalizing teams within city departments that generate largest number of claims and lawsuit payouts.


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