Paper overview
The central argument
Distinguishes insurance recovery from organizational learning. Examines insurable loss, operational cost, organizational cost and retained future risk, and calls for verification of changed work before incident closure.
Key themes
What the paper examines
- Financial stabilization does not establish organizational recovery.
- Insurance cannot remove the conditions that produced an incident.
- Closure needs evidence of stronger controls and changed work.
Practical application
Put the thinking to work
Use the complete paper to structure leadership discussions, examine operating assumptions and identify questions for your organization.
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