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Home   Membership   Education   Events   Resources   External Affairs      Feb. 27, 2014

Specialty Property and Casualty Programs and Products


Top 10 risk management concerns for CFOs in 2014
Becker's Hospital Review
Of all the risk management issues present in the business community, CFOs are most concerned about unanticipated labor costs, including the cost of healthcare, according to the Bank of America Merrill Lynch CFO outlook survey for 2014. The following are the top 10 risk management concerns for 2014, according to the CFO survey. Note: Percentages equal the number of responding CFOs who are "very" or "somewhat" concerned.
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Risk management key to successful volunteer program
Pro Bono Australia
There's no doubt volunteering can be a wonderful win-win – a hugely productive workforce for organizations, and for the individual the opportunity to contribute, socialize and gain valuable skills. But in Australia today, organizations that engage volunteers can't afford to be casual. Risk management not only reduces potential liabilities and harm to reputation, it also demonstrates the desire to create a safe environment and protect the well-being of volunteers, staff and service recipients.
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How to best leverage advisors for your practice
By David B. Mandell, JD, MBA
Most people realize that success creates complexity. What top business owners and managers have realized is that the management of complexity and leverage is not the job of a traffic cop. As a business grows, the number of complicated, technical risks that the business faces also grows exponentially. These risks can be competently handled by an advisor who has expertise in that area.
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Markowitz attacks hedge fund diversification claims
Harry Markowitz, one of the pioneers of modern portfolio theory and 1990 Nobel prize winner, has claimed alternative investments such as hedge funds rarely offer the diversification benefits sought by their investors. "The people selling these products claim they have higher expected returns and lower correlations and volatilities than traditional investments. But if you dig deeper, you'll find that isn't really true in most cases," says Markowitz, professor of finance at the University of California in San Diego.
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  Advanced Degrees in Health Care Transformation
The health care industry is seeking professionals with technology skills. According to the U.S. Bureau of Labor Statistics Occupational Outlook Handbook, 2012-13 Edition, nearly 200,000 professionals are needed in technology related health care occupations. Propel your career with a supportive, accredited online university. Focused on health care, American Sentinel offers management, informatics and technology degrees designed for busy professionals seeking relevant education. Your success is our passion!

How badly is the weather hurting the economy?
CBS News
Good news: This winter is the third-harshest since 1960, according to analysts at Bank of America Merrill Lynch. Why should that warm the hearts of Americans yearning for relief from the arctic cold that has chilled much of the U.S.? Because it suggests that the alarming dip in economic growth since this year began is merely an ice patch and not a more serious downturn. "Our view is that the recent slowdown in the U.S. economy was weather-driven and therefore likely to be temporary," the Wall Street firm writes in a new report.
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Your business continuity plan can help with your company's living will
Did you know that businesses can have living wills? In fact, all banks and many other financial institutions are required by law to develop and maintain Resolution Plans, also known as Living Wills. A Living Will describes the company's strategy for rapid and orderly resolution in the event of material financial distress or failure of the company. The secret to helping to develop your company's Living Will can be found in your organization's business continuity planning area.
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QBE Visionary

Gain new perspective with QBE. We see risk differently from other insurance companies. We understand it better. And where others avoid it, we embrace it.
MSP Compliance

Are future medical and pharmacy costs preventing settlement? Tower MSA Partners is uniquely positioned to identify, intervene and mitigate exposure prior to MSA preparation, saving millions in both claim and MSA costs for its clients.

Studying workers' compensation subscription: An opportunity to respect workers
Construction Citizen
Texas is currently the only state in the nation that does not require workers' compensation coverage for private employers, including construction companies. In fact, since 1913, Texas employers have been allowed to opt out of workers' compensation coverage. Civil legal action is frequently the only path to redress for an injured employee against their potentially negligent non-subscribing employer. Unfortunately, even when a civil lawsuit is litigated in favor of a plaintiff employee, the practical benefits of the favorable judgment can often be low compared to a similar claim going through the workers' comp system.
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  ACL GRC: Governance, Risk, Compliance Simplified
GRC doesn’t have to be clunky or spreadsheet-intensive. ACL GRC offers a fresh way to help you improve the efficiency and effectiveness of GRC activities. Our cloud-based solution is simple, flexible, cost-effective and suitable for nearly any organization. Watch a quick demo video!

Big pharma's gender headaches
Human Resource Executive Online
Recent gender-based class-action suits against pharmaceutical makers shed some light on potential root causes, as well as actions HR professionals may take to avoid similar situations in their own organizations, regardless of industry.

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Assessing risk in preparation for a disaster recovery plan
By Curtis Fease
Anyone involved in facility management knows how difficult it can be to manage a building properly. From focusing on energy efficiency to meeting government regulations, the job can be extremely demanding.

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Taking relationship issues head on at the workplace
Gulf News
It is often said that we cannot choose our family and, therefore, need to learn how to manage our relationships with them — the same applies to those at work. If a particular individual is not to our personal liking, then we need to find a basis upon which to communicate.

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Reputation recovery: What next after the crisis subsides?
The Holmes Report
The best way to speedy post-crisis reputation recovery is to manage the crisis well in the first place. Two years ago, Costa Cruises made so many crisis management errors, it built mistrust and resentment amongst many of its stakeholders, not least the families of those who had tragically lost their lives on the Concordia. This deepened the reputational damage and made the recovery far harder. Recovery should be on the agenda of a far-sighted crisis management team from an early stage.
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What an Effective RMIS Should Be

Minimize the impact of risk with a RMIS that delivers the right information to the right people, to enable real time and predictive analysis at the right time. Let JDi Data create a risk management system that gives your business a new approach to governance, risk & compliance. 954-938-9100 MORE

4 top sustainability reporting trends for 2014
At most companies, work on 2013 sustainability reports is well underway. But it's not too late to take stock and assess whether you're giving enough consideration to four major issues recently cited by Ernst & Young: Materiality, conflict minerals, social compliance in supply chains and reporting requirements in emerging market stock markets. So how does this affect you and your clients? The following discusses each issue, with some tips and tools you can use to take action.
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Missed last week's issue? See which articles your colleagues read most.

    Valentine's Day customer service wilted for 1-800-Flowers (Miltichannel Merchant)
Risk management to play greater role in investment decisions (HedgeWeek)
Why security should monitor social media to prevent violence (CSO)
Complying with supply chain transparency: Underlying issues lead to regulation backlash (CSRwire)

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Colby Horton, Vice President of Publishing, 469.420.2601
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Lisa Smith, Senior Content Editor, 469.420.2644 
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