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Apr. 2, 2013

MexiPass International Insurance Services, LLC

MexiPass is the leading MGA, Underwriting Manager & Risk Management Solutions provider for risks of American entities in Mexico.


Insolvency in Cyprus and China and reassessment of risk
Governments are happy to shift bad debts onto taxpayers, or even better to some other country's taxpayers. Investors have felt safe that there is no down side, no risk. But two insolvencies in recent weeks may change these expectations and changed expectations are contagious.
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These top risks can threaten a company's business model
Corporate Compliance Insights
Of particular interest to executive management and the board of directors are normal and ongoing business management risks, emerging risks and critical enterprise risks. These risks should be a significant focal point for executive management and the board as they provide an important foundation for the board's risk oversight.
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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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  LWG Consulting

Forensic Scientists & Engineers

Offices located worldwide


Recovering yesterday's business processes tomorrow
In today's wireless world, change is rapid and inevitable. On a business level, the pace of change can be even greater. Organizations shift their business focus, launch (and withdraw) new products, explore new markets and change investment strategies quickly. Yet many organizations mandate that business continuity plans and IT disaster recovery plans get updated "at least annually." Is that frequent enough?
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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
Medical and Pharmacy Canvasses save you money!

Veracity Research Co. Investigations (VRC) is “THE Professional Investigative Services Leader”. VRC’s canvass program provides three options for your investigative needs; Medical Canvasses, Pharmacy Checks, and Lifestyle Canvasses. Whatever your needs may be, we have the canvass designed to get you the information you desire. Contact us today to discuss this excellent time-saving service. MORE

Now is not the time to drop or lower your business liability insurance
Smart Business
The economy is still recovering from the recent recession and businesses continue to experience budget pressures. Companies often react by cutting back, which can be a wise decision in some instances. But one area that should never be impacted by budget cuts is insurance coverage. "In fact, when budgets are tight, having proper insurance coverage is more important than ever," says Peter Bern, CEO of Leverity Insurance Group. "When business owners want to lower limits or eliminate coverage completely, we explain to them that it exposes their company to the risk of greater financial hardship when they can least afford it. If you don't think you can afford insurance coverage now, then how could you possibly sustain the financial impact of a claim or loss?"
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Looking for similar articles? Search here, keyword: Employee practices liability.

Create an effective mobile device policy
Biztech Magazine
Mobile devices and applications are flooding into businesses of all types and sizes. Technology research firm Gartner predicts that by 2016, 40 percent of the global workforce will be mobile, with 67 percent of workers using smartphones. The drivers are many, but the big draw is in the potential for greater productivity — giving people anywhere, anytime access to information via devices they're comfortable with. What is less clear, however, is how businesses can cope with this mobile onslaught to make it manageable and secure. The answer, according to consultants and mobile technology vendors, is to craft a comprehensive mobility policy.
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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

The April Fool's economy
The Washington Post
The economy seems to have done an about-face over the past three months after the bad dream that was the fiscal cliff came to an end. Housing is rebounding, businesses are hiring and shoppers are, well, shopping. Even the normally reserved Federal Reserve acknowledges that the economy is experiencing "moderate growth." But we've been to this rodeo twice already. In 2012 and 2011, seemingly strong momentum in the first half of the year gave way to summer slumps. Will the third try be the charm? Or is this just another prank — one that's getting old fast.
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Minimize risks when marketing through social media
Spokane Journal of Business
Creating an effective social media advertising campaign is the holy grail of large and small businesses alike. And for good reason. According to a recent study conducted by The Nielsen Company, use of smartphones increased more than 400 percent during the last four years. In the same time period, the number of Facebook accounts swelled by more than 900 percent, and the number of Twitter accounts exploded by more than 29,000 percent. While the advent of social media poses endless possibilities for businesses of all stripes and sizes, several potential legal hurdles and issues should be considered as one ventures into the realm of social media advertising and promotion.
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Insurers increase equity exposure despite risk management challenges
The past five years have seen widespread de-risking throughout the insurance industry, as firms have dumped equities in favor of safer assets such as cash and bonds. While this has made many funds more resilient to shocks in the market, it has also badly undercut returns, since yields on these assets remain disappointing.

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Determine your company's real risk appetite
IDG News Service
Most security veterans have seen, or directly experienced, instances of company leadership nodding absently when asked to acknowledge risks, then reacting with complete surprise when a negative event actually occurs. Conversely, many security experts can also recount cases where the company was not taking on enough risk to achieve its aggressive business goals.

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Opportunities are the same as threats
By Dr. David Hillson
International risk standards and guidelines define risk as a double-sided concept. This includes the possibility of both upside and downside risks, with either positive or negative effects on the achievement of objectives. We use the word "opportunity" to describe an upside risk with positive impacts, and "threat" is used for downside risks with negative consequences.

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You're quitting? Employers could be blindsided by turnover
They've slogged through years of belt-tightening and downsizing, and endured endless requests to work harder, smarter or just plain longer. Now, experts say signs of life in the job market could start pushing some employees to do what they've been dreaming about, perhaps for years: quit. Too bad their employers probably won't see it coming. Experts say employers appear to have grown pretty complacent about whether their employees will find a better job somewhere else. And even as many bosses have complained about how hard it is to find good workers, few have paid much attention to keeping the ones they have.
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Missed last week's issue? See which articles your colleagues read most.

    Opportunities are the same as threats (By Dr. David Hillson)
Succession planning (Business Excellence Magazine)
Companies get strict on health of workers (The New York Times)
Risk management becoming focus of bank boards (Birmingham Business Journal)
When to take a business risk (TIME)

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

Could your supply chain let down your reputation?
Spend Matters
It is essential to examine your supply chain rigorously and understand how it might impact your Sustainability/Corporate Social Responsibility program. If you were to find breaches in labor regulations, health and safety, environmental and industry regulations, what kind of impact would this have on your corporate reputation, share price or bottom line if made public? It is always better to identify issues yourself — it makes the implementation of addressing problems more straightforward, and you may well positively build your reputation despite the situation.
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Is wellness a healthy way to curb health care costs?
Human Resource Executive Online
Employers large and small, desperately seeking ways to slow rising health care costs, are more and more trying wellness programs to create healthier workforces, with the idea that healthier employees will logically result in lower costs across the board. After all, there is a growing body of research focused on wellness' positive impact on health, and workplace health care costs. Also, the Centers for Disease Control has reported that 75 percent of health care costs in the United States result from chronic conditions such as diabetes, cancer, heart disease and stroke, so reducing the risk factors associated with chronic diseases seems a slam dunk. Not so fast, according to a research article published this month in Health Affairs, a journal of health policy thought and research.
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Firefighters oppose worker's comp bill
Pryor Daily Times
Senate Bill 1062 could mean big changes for worker's compensation in Oklahoma. Oklahoma currently has the sixth highest number of worker's compensation claims in the country but this 270-page bill, authored by Sen. Brian Bingman, calls for extensive reform. Local firefighters object to the bill in part because it terminates worker’s compensation benefits for volunteer firefighters and reduces benefits for all injured workers.
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