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When you need real knowledge and experience:
Memberships:
Professionals Network Group, Inc.
Society of Risk Management Consultants
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JAMES P. STRANG
Resume
Experience
Risk management consultant and contracts review specialist to corporations on all phases of risk management. Covering both international and domestic cases including: property, casualty, self-insurance, employee benefits, expert assistance and litigation support.
* Twenty years' experience in risk management, including:
Director, Risk Management - Assistant Treasurer, Northrop Grumman Corporation (14 years),
President of Northrop Grumman Corporation's wholly-owned captive insurance company,
Director, Corporate Insurance, Tiger International Corp. (2 years),
Risk Management Assistant, Hughes Aircraft Company
(4 years).
* Sixteen years experience with multinational insurance brokerage and consulting, including:
Consultant, Strang & Associates (since July 1991),
Senior Vice President, National Aviation Division, Rollins Hudig Hall (2.5 years),
Manager, Casualty Loss Control, Marsh & McLennan, Inc.(6.5 years).
Education
* Northrop, Advanced Management Course,
* Pepperdine University, Master of Business Administration
Finance and Risk Management,
* Pepperdine University, Bachelor of Science,
* Numerous industry related classes and seminars.
Academic, Professional & Volunteer Affiliations
* University of Southern California, Instructor, Risk Management
Involvement in Aviation Safety, Part-time instructor, 1986-Present.
* Society of Risk Management Consultants (SRMC), Member,
1993-Present and Board Member 1996-98.
* Risk and Insurance Management Society (RIMS), Member
1969-1989.
* Aircraft Builders' Council (ABC), President, two terms, Board
Member, 1979-1989.
* Manufacturers' Alliance for Productivity and Innovation, Inc.
(MAPI), Member, 1985-1989.
* Delta Dental System, Past Corporate Policy Board Member,
1986-1989.
* Corporate Officers' & Directors' Assurance, Ltd. (CODA),
Director, 1987-1989.
* Dubnoff Center - private, non-profit organization for child
development and educational therapy, Member, Board of
Directors, 1995-Present.
Speeches and Publications
* Law firm of Irell & Manella: Insurance Pitfalls to Avoid During
M&A Due Diligence for attorneys' continuing education credit.
* Los Angeles Treasurers Association: Risk Management for Non-
Insurance Managers.
* National Association of Chain Drug Stores: Effective Risk
Management in the 90s.
* National Business Aircraft Association: The Effects of Alternative
Arrangements on Insurance Coverages and Premiums.
* Institutional Investors' Risk Management Seminar: Risk
Management Decision Making.
* Speaker at local, regional and national chapter meetings of Risk
and Insurance Management Society (RIMS).
* Pre-funding of insurance for retirees: segment on national
television; quoted in national publications.
* Master's Thesis, Risk Management Effectiveness: Feasibility Study
on the Formation of a Captive Insurance Company.
Licenses
* Maintain California Insurance Broker License and comply with
continuing education requirements.
Time Line
* 1991-Present: Principal, Strang & Associates, Lake Arrowhead,
California
Consultant to clients in a wide variety of industries in all areas of risk management and insurance, including employee benefits on project and ongoing basis. Perform comprehensive insurance program audits, self-insurance and captive feasibility studies. Assess the effectiveness of insurance language in clients' non-insurance contracts. Provide expert assistance to attorneys.
* 1989-1991: Senior Vice President, Aon (formerly Rollins Hudig
Hall Company) Nat'l Aviation Division, Los Angeles, California
Developed and administered new and existing aviation business throughout the United States and managed the Western Region. Developed 5-year strategic plan that was implemented resulting in cohesion of aviation marketing and operations.
* 1979-1989: Director of Risk Management & Assistant Treasurer,
Northrop Corporation, Los Angeles, California
Directed a worldwide risk management program for this diversified aerospace corporation, with $6 billion sales, managing property, casualty and employee benefits for over 47,000 employees. Insurance budget was in excess of $230 million annually of which 80% was self-insured. Involved in the formation of and was president of a captive insurance company that produced a profit exceeding $3 million. Created master trust in 1980 saving in excess of $10 million annually. Active in loss control; effectively managed claims administration and related negotiations; periodically reviewed insured and self-insured reserves; set up claims reporting manual.
* 1977-1979: Corporate Director of Insurance, Tiger International
Corporation, Los Angeles, California
Developed a centralized risk management program for this transportation company, with $1 billion sales, and its diversified subsidiaries, the activities of which included the world's largest all-cargo airline, the leasing of over 50,000 rail cars, ownership of rail car repair facilities, fixed base operations that converted passenger airplanes to executive jets, the leasing of passenger jets, the leasing of computers.
* 1973-1977: Corporate Insurance Administrator, Northrop
Corporation, Los Angeles, California
* 1969-1973: Corporate Insurance Administrator, Hughes Aircraft
Company, Los Angeles, California
* 1962-1969: Broker and Loss Control Manager, Marsh &
McLennan, Los Angeles, California
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