About Risk to Reward
President
Stacy McDaniel
Before establishing Risk to Reward, for over five years President Stacy McDaniel served as General Counsel and Risk Manager for John Laing Homes, a nationally-recognized regional homebuilder known for the quality of their homes and superlative customer service. Under her leadership, John Laing Homes developed a Quality Assurance Quality Control Program, which led to Laing's recognition as "best in class" from a risk perspective.

For two years prior to her position with Laing, Ms. McDaniel was employed as as an insurance broker with Lockton Insurance Brokers, working as a risk-management and claims-handling specialist for the building industry. From 1989-1999, Ms. McDaniel was in-house counsel and risk manager to three nationally-prominent homebuilding companies, including Lennar and Greystone Homes. Prior to becoming involved in the homebuilding industry, she practiced law for over five years with private law firms specializing in representing real estate developer clients.

Ms. McDaniel graduated from UCLA with a B.A. degree in History. She earned her law degree from Loyola Law School. She is also a graduate of John Laing Homes' intensive executive program for leadership development, as well as a graduate of the Center for Creative Leadership's Leadership Development Program™.

In addition to her legal and risk management expertise, Ms. McDaniel lectures frequently at legal, insurance and construction industry events.

She holds the following licenses and accreditations:
  • Associate in Risk Management ("ARM") from the Insurance Institute of America
  • California real estate broker license
  • California property and casualty broker's license; and
  • Colorado property and casualty broker's license


Notable Accomplishments

Management

Legal

 Risk Management Operations Financial
Creation of high-performing department teams aligned with company's goals Resolution of a 158 home defect matter without homeowner litigation claims, through trial

Reduction of defect-related construction risk by $55M in 4 years

Development and implementation of QA/QC program which resulted in “best in class” risk recognition by insurance industry

Recovery
of $27M
in repair expenses in 3 years
Graduate of Leadership Development Program™ at Center for Creative Leadership 2005. Helped take homebuilding company public Development of Company Safety Programs as Chief Safety Officer Due Diligence for multiple homebuilding company acquisitions Developed risk-weighted minimum return model for land acquisition evaluation
Development of Business Standards Program including ethics hotline and annual compliance certification Implementation of “water-intrusion” protocol for prompt handling of potential mold claims Formation of captive insurance company to manage high SIR Creation of Purchasing Procedures and training manual to standardize purchasing procedures Prevailed as plaintiff in recovery action with value over $10M
Implementation of Crisis-Communications Program to prepare for emergency responses Instituted Master Retainer agreements for all outside counsel to control legal costs and assure quality legal services Reduction of Workers’ Comp experience modification rating by 30% Implementation and training on stormwater pollution prevention protocols

Reduction of direct construction costs by over $17M in “bid credits” from trade contractors in 5 years
Implemented employee growth plans which aligned legal department goals with company initiatives Created case management software  program to track and report legal claims Saved millions on company insurance program costs by negotiating midterm reductions Initiated “Builder Standards” program for construction details to document and standardize construction “best practices” Developed sales programs to eliminate “speculative buyers”
Satisfaction with Legal Department services ranked 88% in internal satisfaction survey Developed Legal Help desk to assure prompt and efficient resolution of internal requests for legal services Successful transitions of many company insurance programs to wrap-up format on time and within budget Developed Operations Manual for superintendent training and guidance Evaluated total cost of risk exposures for numerous acquisition opportunities
Development and implementation of both Employee Handbook and Managers’ Manual Filed $28M claim for reimbursement in Legion liquidation proceedings Implementation of “Return to Work” program which reduced “lost work” claims to 0 in 2006 Created procedures, forms and training manual for use by Customer Service personnel Negotiated national purchasing contracts for product rebates
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