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This incident has caused a wave of concern, all the way to the top of Amazon. You have been asked to assess the loss exposures
This incident has caused a wave of concern, all the way to the top of Amazon. You have been asked to assess the loss exposures from the warehouse collapse, and to address how the risks can be addressed. The Board would like you to draft a memo addressing OSHA's concerns and addressing the House Oversight Committee's concerns about how Amazon will be handling extreme weather conditions, including one like the extreme heatwave in the Pacific Northwest. In the first part of your memo: Start with a basic explanation of the risk management process. Identify all the loss exposures (direct and indirect losses) from the warehouse collapse. Identify the loss and risk exposures from the other extreme weather conditions in the workplace. Discuss any potential risk exposure from the attention placed on Amazon that you may see. In the second part of your memo: Discuss how the losses should be funded (retention, non-insurance transfers, commercial insurance). Give concrete examples of how these would be implemented. Discuss how the risks should be managed (avoidance, prevention, reduction, insurance). Give concrete examples of how these would be implemented
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