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Home   Membership   Education   Events   Resources   External Affairs      March 13, 2014



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Dynamic factor modeling reveals hidden risks
Risk
Portfolio and risk managers tend to agree that investment returns are the rewards for taking justified risk, but they often differ in their definitions of that risk and the best ways to measure it. The vocabulary of contemporary risk management is often foreign to the language spoken by most fundamental investors. Bridging this gap should be the responsibility of the firm’s risk officer who should be charged with developing a framework for dialogue between the two groups that is both easy to understand and easy to act upon.
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Businesses need federal terrorism risk insurance reauthorized
Richmond Times-Dispatch
The federal government needs to reauthorize the Terrorism Risk Insurance Act, or commercial enterprises worth billions will not be able to find insurance and grind to a halt, say speakers at a recent VCU risk management conference. "There is not enough (insurance) capacity out there," said Shari Natovitz, senior vice president and risk manager for the new World Trade Center buildings. Due to expire Dec. 31, the Terrorism Risk Insurance Act is under consideration in Congress for renewal. The government reinsurance program establishes shared public-private compensation for insured losses.
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Looking for similar articles? Search here, keyword(s): Terrorist risk for businesses.


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Beware offering FMLA instead of workers' comp
Business Management Daily
Some Texas employers try to discourage employees from taking workers' compensation leave when they suffer an injury. Instead, they encourage employees to use FMLA and accrued vacation and other leave. That lets the employer terminate the employee after the leave expires instead of keeping him on indefinite workers' comp leave. And taking paid leave may sometimes benefit the employee, since the payments are higher than under the workers' compensation system.
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Poor Illinois: Lousy credit — and now a 'reputation risk premium'
Crain's Chicago Business
Perhaps Joan Jett "don't give a damn" about her bad reputation, but Illinois' bad financial reputation is costing taxpayers millions of dollars every year. But one result of the state's fiscal problems is not widely known: Our poor credit prospects are costing the state millions every year. The state's credit rating is the lowest in the nation. And just like for a consumer car loan, Illinois' low credit rating makes it considerably more expensive to borrow money in capital markets when the state needs to undertake long-term spending on roads, bridges, schools and so forth.
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The risks of social media for retailers
Retail Gazette
The appeal of social media is a mixed blessing; a great opportunity for retailers to reach out to their markets, define and strengthen brands and stay current. It's also an increasing source of employment issues, is pretty uncontrollable and a potential disaster zone for branding. Some social media disasters start with bad PR campaign ideas. These social media disasters really highlight the paradox of the information age. A greater ability and expectancy to be able to express oneself freely but within workforces and a wider society that is increasingly measured and monitored.
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Your job taught to machines puts half US work at risk
Bloomberg Businessweek
Artificial intelligence has arrived in the American workplace, spawning tools that replicate human judgments that were too complicated and subtle to distill into instructions for a computer. Algorithms that "learn" from past examples relieve engineers of the need to write out every command. The advances, coupled with mobile robots wired with this intelligence, make it likely that occupations employing almost half of today's U.S. workers become possible to automate in the next decade or two.
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Emerging markets risk dragging down global growth
Forbes
Not too long ago, emerging markets were the reason the global economy was growing at 5 percent or more. Now, the reason why the global economy is not growing at those levels is because of emerging, not developed markets. Given that emerging economies now account for over half the world economy, continued sub-par economic performance for several of the major emerging markets is likely to mean that global growth remains only moderate in the near term.
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Compliance risk investment to grow
ABA Banking Journal
Sixty-five percent of banking and capital markets firms expect to increase their investment in compliance risk management at a rate of 10 percent or more over the next two years, as they seek to maintain and expand the stature compliance has achieved in recent years.

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Cartoon: The climate contrarian guide to managing risk
The Guardian
Climate change is fundamentally a risk management problem. Whether or not you agree with the 97 percent expert consensus on human-caused global warming, there is an undeniable risk that the consensus is correct and that we're causing dangerously rapid climate change.

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Modelling in risk management: Beyond regulatory compliance
The Nation
Prudent risk management is of paramount importance during times of economic slowdown. Banks may need to review their risk-management processes and procedures to ensure they are effective. One element of risk management relates to use of models.

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Disaster mystery rewriting rules on crisis management
Australian Broadcasting Corporation
The disappearance of Malaysia Airlines flight MH-370 is quickly becoming a new chapter in the crisis management text book. Three days after the Boeing 777 disappeared from the skies, the absence of wreckage or any sign of what really happened is only fuelling unhelpful speculation. But a top crisis management expert says Malaysia Airlines is doing a good job under tough circumstances.
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See related story: How companies prepare to communicate in a crisis (Bloomberg)


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Clean up existing BDR solutions for customers
MSPmentor
It's about that time of the year where managed services providers are gearing up for spring cleaning — assisting customers with tidying up their existing data backup and disaster recovery solutions. As spring rolls in its warmer weather, some BDR customers may forget about the benefits of leveraging a disaster recovery and business continuity plan — but that's where an MSP with a spring cleaning strategy can strengthen its trusted adviser role.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Mentoring to remedy workplace bullying of millennials (Harvard Business Review)
Sustainability, catastrophic risk: What business leaders can learn from BP (Triple Pundit)
Beware of the plumber? Third-party contractors pose business security risk
(Fox Small Business)
Understanding why employees steal ... and how to stop it (Fox Small Business)

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