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Home   Membership   Education   Events   Resources   External Affairs                    Feb. 4, 2014


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Zurich executive: Captives help create holistic risk management
Business Insurance
Captive insurers function best when working with other insurance market participants such as insurers or brokers, offering organizations the potential for significant benefits as part of a holistic risk management program, according to Michael Kerner, Zurich-based CEO of general insurance at Zurich Insurance Group Ltd.
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Why every company needs a robust business continuity program
Forbes
As corporate officers and executives, we have a fiduciary responsibility to our customers and shareholders to ensure that our business will withstand any type of disruption — whether it's a natural disaster, a technical failure, or an interruption like a transportation strike, chemical spill or civil protest.
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To avoid risk in your global supply chain, consider these points
Smart Business
Supply chain events are increasingly showing up in business news, whether it's regarding product shortages that cause customer dissatisfaction and lost opportunities for corporations, or breaches of laws or decency in the supply chain. From an executive standpoint, risk management through the supply chain has become a mandate. Front-page exposure can create tense boardroom discussions and dramatic same-day fluctuations in share prices.
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Share your expertise with others
MultiBriefs
In an effort to enhance the overall content of RiskWire, we'd like to include peer-written articles in future editions. As a member of RIMS, your knowledge and experience in the industry can be of great help to your fellow members. And we're hoping you'll share this expertise with your peers through well-written commentary. Because of the digital format, there's no word or graphical limit, and our group of talented editors can help with final edits. If you're interested in participating, please contact Ronnie Richard to discuss logistics.
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2014 may be a pivotal year for catastrophe bonds and sidecars
Artemis
The coming year of 2014 may prove to be a pivotal one for the catastrophe bond and sidecar market, as the shakeout between traditional and alternative reinsurance capital continues, according to Willis Capital Markets & Advisory. WCMA has published its latest insurance-linked securities market update report, taking a look at the fourth-quarter non-life ILS and cat bond issuance trends as well as a look ahead to 2014.
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Social media strategies help business owners avoid legal problems
Winona Daily News
Despite the popularity of social media, many business owners still hesitate to engage in these newer communications platforms. They worry about what to post, how to interact and especially how to deal with negative comments. While those are all valid concerns, the consequences for not engaging are real.
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Looking for similar articles? Search here, keyword(s): Embracing alternative risk management processes.


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Aviation crisis and disaster management 2014
AMEinfo
Airports, for the most part, are well oiled machines that handle vast numbers of passengers and aircraft in a seamless process. However, what happens if something goes awry — increased numbers of travelers produce increased stress for management, flight crews and those ensuring aircraft and supporting infrastructure are properly maintained. How well prepared are senior managers and support services within the aviation industry for a crisis or disaster event, and what protocols are in place to effectively manage the situation and to prevent escalation of a crisis?
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Supreme Court ruling doesn't clear up safety gear vs. clothing debate
HR Morning
When does safety equipment qualify as "clothing?" When the Supreme Court says it does. In a long awaited ruling, the high court rejected the claim of nearly 800 current and former U.S. Steel workers who claimed they should be paid for the time the spent putting on and taking off safety gear. In arguments in lower courts, the feds had made their opinion clear: The time spent "changing clothes" can be excluded from compensable time, unless a union has negotiated otherwise.
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The 10 biggest energy risk management disasters of the past 20 years
Risk
The history of energy trading is littered with losses, bankruptcies and other misfortunes that now serve as cautionary tales. In the following, Alexander Osipovich looks back at the biggest energy risk management disasters of the past two decades and how they reshaped the industry.

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Should you snoop on candidates' social media profiles?
Business 2 Community
These days it's so easy to find out almost anything about a person online. Within a matter of minutes you can find out their likes, dislikes, marital status, personality, religious beliefs and much, much more. In terms of recruitment, this means that background checks are more in-depth than ever, but the industry is divided on whether this is a good thing or not.

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Distracted driving lawsuit — could your company be liable?
Ohio Valley Legal Examiner
According to the World Health Organization and the National Highway Traffic Safety Administration, studies from a number of countries suggest that the proportion of drivers using mobile phones has gone up over the past five to 10 years, with over 3,000 people killed in 2011.

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In risk management, progress is paramount
ebizQ
A business analysts recently had a troubling conversation with a prospective client. The client reported to him that while 6 months ago the appetite for ERM had been strong, the enthusiasm and excitement for the program had since waned and the risk manager was now preparing to take "micro" steps forward over the next several years. This account is far too common for enterprise risk managers in today's environment.
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Economy grew 3.2 percent in Q4, fueling hopes for faster recovery
The Washington Post
Unprecedented spending cuts and the first government shutdown in nearly two decades significantly slowed economic growth at the end of 2013 even as the private sector proved surprisingly resilient, according to data recently released. The Commerce Department reported that the nation's gross domestic product grew at a solid 3.2 percent annual rate during the fourth quarter. Strong consumer spending, investments by businesses and a pickup in exports boosted the results.
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Before a crisis hits, create a customer service action plan
Inc.
For every business, be it a startup or a 100-year-old company, there's always a chance you'll face a problem that adversely affects your customers. Whether it's a product recall like Antennagate, a technical outage like the one Amazon suffered in August, or a security breach like the ones that hit Target and Neiman Marcus, companies need a playbook.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    3 key benefits of email archiving (Business 2 Community)
New York's proposed ERM and ORSA requirements: A uniform approach?
(The National Law Review)
Gartner: 1 in 5 BYOD programs to fail by 2016 (Acumin)

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