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Steven W. Sachs, Public Housing & Compliance Expert

Steven W. Sachs

Mr. Sachs has over 30 years of experience in the real estate development field as both a risk manager and insurance broker. Mr. Sachs developed the risk management function at The Rouse Company and was employed as their Risk Manager as an employee and on a contractual basis for over 31 years. He utilizes a wide range of insurance market relationships to develop and implement innovative risk transfer products for real estate clients. He is a frequent speaker at the Risk and Insurance Management Society National Conference on disaster planning, managing large losses and loss forecasting and co-founded the Real Estate Industry Group. Mr. Sachs served from 1992 to 2000 on the Board of the Self-Insurance Education Foundation. He also served on the Board of the Self-Insurance Institute of America from 1996 to 1999. Mr. Sachs is active in NMHC and NAHMA, has been a frequent presenter at the NMHC OpTech Conference and led the team that developed the Willis Multi Family Portal.

Mr. Sachs has developed the following programs for real estate clients:

  • Alternative risk financing funding techniques for windstorm and earthquake  deductibles.
  • Risk management performance programs for a large office and shopping center developer (The Rouse Company) that reduced per square foot liability costs by 43% over a ten year period.
  • Disaster recovery plans and was involved, as a team member, in the successful recovery of  property operations during the Northridge earthquake, Hurricane Andrew and the ship that struck the Hilton Hotel and Riverwalk Shopping Center.

Mr. Sachs served on the  Board of Directors of the Howard County Chamber of Commerce from 1996 to 2002. He has been involved in his local community having served on the Board of the Howard Community College from 1987 to 1999, acting as chairman for a two-year term. Mr. Sachs was selected by the County Executive as Chairperson of the Howard County spending Affordability Advisory Committee in 1996 and 1997 and currently serves on the Boards of the Columbia Festival of Arts, A Taste of Home, and the Howard Bank. He was selected as Business Person of the Year (2005/06) by the Howard County Chamber of Commerce and selected for the Legacy Leadership Award by Leadership Howard County in 2011.

Mr. Sachs has a BA in History from Duke University and a Masters in Liberal Arts from Johns Hopkins.

In 2006, Risk and Insurance Magazine awarded Mr. Sachs its Power Broker designation, an award given to 100 insurance professional recognizing their dedication to their clients and commitment to excellence.

 
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