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Mar. 19, 2013


MexiPass International Insurance Services, LLC


MexiPass is the leading MGA, Underwriting Manager & Risk Management Solutions provider for risks of American entities in Mexico.
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RIMS President John Phelps discusses the SMART Act, ERM and cyber/reputational risk
WRIN-TV
VideoBriefIn January, RIMS welcomed a new president John Phelps. He also serves as the Director of Business Risk Solutions for Blue Cross and Blue Shield of Florida. WRIN.tv spoke to John about some of the issues facing risk managers today, including the SMART Act, which streamlines the Medicare claims process, Enterprise Risk Management, and cyber and reputational risks.
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4 tips for managing a social media crisis
Hotel News Now
Having a social media policy in place with a crisis-management component is imperative when it comes to managing a social media crisis, sources said during a recent "Crisis Management in Social Media" webinar. Daniel Craig, a former hotel GM and founder of Reknown, a company that specializes in marketing, social media and reputation management strategies for hotels, said the crisis management should entail who is responsible for managing the situation, what his or her duties are and how to reach the person during off hours.
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Lessons from Mother Nature — isn't it time we learned?
Connecticut Post
Somehow, we're never ready when disaster strikes. Hurricane Sandy took more than 40 lives and inflicted economic losses estimated at $30 billion to $50 billion on the East Coast — far exceeding advance estimates. While the human losses and physical damage from Sandy are staggering, let's not forget about its toll on the American economy. In what should be a more enlightened sector, financial services, IDC Financial Insights reported "there is little evidence to suggest that business continuity plans across Wall Street have so far stood up to such conditions." What does business need to do to be better prepared for the next Sandy? And what should be the goal of their preparations?
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SHOWCASE
  LWG Consulting

Forensic Scientists & Engineers

Offices located worldwide

www.lwgconsulting.com

800.326.5075
 


Looking to share your expertise?
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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  PRODUCT SHOWCASES
Reduce Your Electrical Safety Risk

AVO® Training Institute, a Megger® subsidiary, celebrates its 50th year keeping people safe from electrical hazards. From equipment application and maintenance procedures to safe work practices, arc flash hazard analysis and engineering services; AVO is the complete one-stop-shop learning center. Our difference is our hands-on approach to safety training. MORE
Pharmacy Benefit Management

IPS has a comprehensive suite of PBM services structured to provide the highest quality prescription health services at cost containment prices while streamlining and simplifying the claims management process for adjusters. IPS also provides ancillary healthcare services to injured workers and policyholders in need of durable medical equipment and supplies, home healthcare, home therapy including physical, occupational, and speech, and transportation and language services through a single touch point. MORE
VRC - Social Media Investigations

Veracity Research Company’s proprietary software solution Investigative Management System (IMS) contains over 2 million lines of code, 7 unique services platforms and 8 years of development by a dedicated development team. IMS is fully customizable to your needs, whether it be Vendor Management, SIU Oversight, Business Intelligence Case Management or simply Consolidate Communications. MORE


Munich Re: Drought will become one of the most destructive natural catastrophes
Artemis
Globally the risks posed by and impacts created by droughts and heat waves have been growing in recent years, yet drought itself remains a widely underestimated natural hazard, according to a recent report published by the world's largest reinsurer Munich Re. According to Munich Re's report, there have been around 10 loss-producing droughts around the world every year in the early eighties, but in recent years this number has almost doubled.
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Q4 commercial insurance prices increased 7 percent
Insurance Networking
For the fourth time, and across every line of business, commercial insurance prices rose in aggregate by almost 7 percent during the fourth quarter of 2012. That was the eighth-consecutive quarter of price increases, according to the latest "Commercial Lines Insurance Pricing Survey" from Towers Watson. The largest year-over-year price increases were in worker compensation and employment practices liability, which both had near-double digit increases. Most commercial lines increases were in the mid-to upper-single digits, and all lines-of-business increased 3 percent or more.
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  FEATURED COMPANIES
SRM Is Your Global Recovery Partner

ServiceMaster Recovery Management is your single source solution for disaster readiness and rapid response. We are always ready. Now you can be too. MORE
INFORM - RMIS Reporting and Intake

INFORM offering RMIS, Claim Predictive Modeling, Claim/Incident Management, Litigation, Claim Audit, Policy/Exposure Management, Certificate of Insurance Tracking, OSHA, Loss Prevention, Safety Surveys, RIMS Booth #635


Do the legwork and boost your crisis management
Business 2 Community
There are many parallels that can be drawn between crisis management and sports. No. 1 way to reduce the impact of crises on your operations: Prepare for the opposition. All great coaches know that in order to beat your opponent, you must prepare for your opponent. The same holds true in crisis management. Organizations should conduct crisis audits to identify all the crises they could face and prepare for them accordingly. While it can take years to build a reputation, it only takes a few minutes to destroy one.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Top 10 loss control tips for 2013: Job hazard analysis (By Dennis Truitt)
Mainstreaming disaster risk management (World Bank Group)
6 retail loss prevention trends for 2013 (Retail's BIG Blog)
Changing technologies and behaviors: The social media imperative (Business 2 Community)
Tracking sensors invade the workplace (The Wall Street Journal)

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


8 tools changing business technology resiliency
InformationWeek
What do cloud gateways, emergency communications tools, and disaster recovery as a service all have in common? All are changing the way businesses run their continuity programs. The products that make up the business technology resiliency market landscape historically have been fragmented and ill-defined, despite the fact that the products share a common mission: improving uptime. Although no organization is bulletproof, understanding the business value of these technologies and where they fit into your environment is key to enabling the always-on, always-available extended enterprise.
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FEATURED ARTICLE
TRENDING ARTICLE
MOST POPULAR ARTICLE
Adopt an offensive approach to risk resiliency
Supply & Demand Chain Executive
Industry awareness regarding supply chain risk management continues to grow each day. In fact, 80 percent of companies worldwide see better protection of supply chains as a priority. But while the heightened educational level is both necessary and a great first step, it is not enough.

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Top 10 loss control tips for 2013: Hazard identification and mitigation
By Dennis Truitt
Many of us are looking for the best way to improve safety in the workplace. To that end, we take certain measures to mitigate risk and to control loss. Yet, we often wonder, "Are we taking the right measures?" and "Is it working?" The first step in controlling loss is to be certain that everyone is on the same page.

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Top 10 loss control tips for 2013: Job hazard analysis
By Dennis Truitt
Now that you have identified the potential risks posed to your firm, it is time to dig a little deeper. Begin the process by using a standardized checklist to make sure that everyone is using the same system and is on the same page. Your goal to get the program off the ground should be creating comfort with the process of analysis.

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CSOs must adopt new risk management trends
Help Net Security
Wisegate released new research from senior IT security members that shows how CSOs are adopting new risk management trends calling for a risk-based security approach. Security managers are working with senior executives in all divisions across their organizations to move away from compliance-focused thinking towards a risk-based approach to information security. The shift requires senior management and C-level executives to think about risk strategically versus simply crossing off regulatory check boxes.
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Tax scam alert: Get an email from the IRS? Don't open it
Fox Business
Tax fraud comes in many flavors but the common thread is the acquisition of a small business owner's identifying information, particularly their name, social security number and birth date. With that in hand, fraudsters can file fake tax returns and get a refund without the IRS or small business owner any the wiser until it's too late. In addition to the headache of sorting it out with the IRS, the small business owner will be more vulnerable to other identity theft crimes that can hurt their credit rating and their bank accounts.
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Report: Growth in employer health clinics
PhysBizTech
A new report finds the number of employers with on-site health clinics continues to grow as companies seek ways to make employees more productive while they also attempt to take more control over their healthcare spending. "Many human resources executives are implementing new clinics or beginning to expand their onsite clinic infrastructure to ensure that employees — and in some cases employees' dependents — have access to quality health care," the report noted.
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Why the manufacturing supply chain is putting revenue at risk
Manufacturing Business Technology
Creative sales incentives are the bread and butter of manufacturing and technology companies. Typically, the more attractive the incentives, the more shipments will be driven through the channel, and the more revenue the company will collect. But while such incentives have helped many companies grow, they also pose serious risks to revenue when managed improperly.
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