This message contains images. If you don't see images, click here to view.
Advertise in this news brief.

Text Version    RSS    Unsubscribe    Archive    Media Kit |   RIMS Buyer's Guide:      

Home   Membership   Education   Events   Resources   External Affairs      March 13, 2014

Specialty Property and Casualty Programs and Products


Dynamic factor modeling reveals hidden risks
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.
   Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article

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.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
Looking for similar articles? Search here, keyword(s): Terrorist risk for businesses.


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.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article

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.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article

  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!

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.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article


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.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article

QBE Diversifies

Expand your opportunities with a company that offers a diverse and specialized North American insurance portfolio, including Property & Casualty, Crop, Program & Specialty, Financial Services and Reinsurance.
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.

Emerging markets risk dragging down global growth
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.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article

  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!

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.

Share on FacebookTwitterShare on LinkedinE-mail article
read more
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.

Share on FacebookTwitterShare on LinkedinE-mail article
read more
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.

Share on FacebookTwitterShare on LinkedinE-mail article
read more

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.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article

See related story: How companies prepare to communicate in a crisis (Bloomberg)

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

Clean up existing BDR solutions for customers
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.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article

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)

Don't be left behind. Click here to see what else you missed.

Colby Horton, Vice President of Publishing, 469.420.2601
Download media kit

Lisa Smith, Senior Content Editor, 469.420.2644 
Contribute news

Be sure to add us to your address book or safe sender list so our emails get to your inbox. Learn how.

This edition of the RiskWire was sent to ##Email##. To unsubscribe, click here. Did someone forward this edition to you? Visit to learn how you can sign-up to receive RiskWire.
Recent issues
Feb. 11, 2014
Feb. 6, 2014
Feb. 4, 2014
Jan. 30, 2014

50 Minthorn Blvd., Suite 800, Thornhill, ON, L3T 7X8