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Apr. 4, 2013

MexiPass International Insurance Services, LLC

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


3 steps to a compliance risk management approach
A risk-based approach to compliance involves identifying the areas of high risk within your organization's compliance universe and building and prioritizing your compliance monitoring program around these risks. Compliance risk management will focus your organization, and your compliance resources, on the areas which are most likely to cause concern. This risk based approach also re-positions compliance from a function executed in a vacuum to one that provides real value, reaches into each part of the business supported by relevant analysis, understanding and documentation.
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Top 10 loss control tips for 2013: Slips, trips and falls
By Dennis Truitt
While we all try to plan ahead, slips, trips and falls are often very difficult to foresee. In fact, they are so prevalent you do not even need to be in the industrial, chemical or process-driven work environments to see incidents in this category. The most common cause of fatalities in the home is directly related to falls — which illustrates the concern that slips, trips and falls can happen anywhere. In order to plan and prepare for potential problems, consider the following guidelines.
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Industry Pulse: Does your company feature warning labels for potential falls and slips?

Previous Industry Pulse: Do you have a plan for assessing upside risks?

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The litigation and risk-management concerns meaningful use triggers
Government Health IT
New federal healthcare legislation and implementing regulations seek to exert control over aspects of patient care, from outlining the substantive information that healthcare providers should obtain from their patients to specification of treatment algorithms a physician should consider once a diagnosis is made. Meaningful use standards require healthcare providers to affirmatively act to identify potential future health risks in patients seen for unrelated health conditions. New regulations also require continued patient follow-up after discharge from care to ensure compliance with care directives. The regulations reflect laudable goals but create significant potential risk for malpractice claims for unwary healthcare providers.
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  LWG Consulting

Forensic Scientists & Engineers

Offices located worldwide


Missed last week's issue? See which articles your colleagues read most.

    Drivers: You never really know (By Bennett Cromer)
Extreme disaster planning pays off (Crain's New York Business)
Top 10 hot new markets (Insurance Journal)
Will more companies start playing employee weight game? (Fox Business)
3 ways to manage supply chain risk (Business 2 Community)

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

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 - SIU Professional Services

Veracity Research Co. Investigations Special Investigations Unit (SIU) protects the interests of our clients and their insured. We are dedicated to the education, detection & prevention of exaggerated and fraudulent activities. As your SIU we are committed to providing a comprehensive investigation on every referral ensuring that we validate and verify, while exploring all leads. We are here to answer your questions and to ensure that our investigations enhance the claim adjusting process & resolution. MORE

Using dependency modeling for better risk decisions
Dark Reading
In the world of IT security, risk management requires decisions to be made based on a wide range of variables. The problem is that these variables are often nested and interconnected to such a degree that without some rigorous planning, a flowchart based on their dependencies could quickly look like an MC Escher drawing. Add in the real-time information flow put out by a lot of technology devices that determine these variables at any given moment, and it becomes quite the task to factor everything in with any degree of discipline.
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Cat bond market price and total returns continue to rise
Both the price return and total return of the outstanding catastrophe bond market have continued to rise over the last fortnight as the slightly unusual trend of price firming, some of which has been unseasonal continued. Now that the primary cat bond market has come alive with a number of new issuances during March and more in the pipeline, the latest Bosphorus 1 Re Ltd. having just begun marketing, it's expected that unseasonal price movements will become less pronounced.
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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

Crisis management teams: None of us is as smart as all of us
Business 2 Community
When a crisis hits, there are those whose immediate reaction is to want to stand alone and fight it themselves. However, the most successful crisis responses are those undertaken by a pre-established and well-rehearsed crisis management team, not one or two individuals. The following article explores why it is so vital for crisis management to be a team mission, and not an individual pursuit.
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Looking for similar articles? Search here, keyword: Crisis management.

Risks involved in adopting BYOD
Imagine a workplace scenario where every employee has his/her own mobile device to access company data and applications. This way, people get their work done using their own devices in the office. Briefly, this is what Bring Your Own Device or BYOD is all about. All over the world, companies are opening up to this new trend and there are mixed reviews about its usefulness. While some say it makes employees more productive, others are more concerned about the risks involved.
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Implementing a risk management program
Packaging Digest
With the understanding that risk lies at the intersection of vulnerability (specific points of weakness in the supply chain) and exposure (financial or production impact of supply chain failure), the following discusses establishing a disciplined risk management program. In the construct of risk management, the terms mitigation, contingency planning and remediation are often used interchangeably but each are quite distinct.

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6 signs of a business continuity plan in trouble
eBRP Solutions
Not all business continuity plans are created equally. Calling something a "plan" doesn't make it one. Real planning should go into its creation — not simply filling in blanks in a template or copying a bunch of lists to an appendix. A viable business continuity plan is actionable, applicable to any disruption, and effective under all circumstances. It should be accessible, practiced and up-to-date.

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Drivers: You never really know
By Bennett Cromer
Sometimes you may be tempted to take shortcuts or overlook background checks on prospective employees, if you know them and feel they are trustworthy. But, you never really know. Even though you use a hiring checklist for new employees and try to gather all the right information, you might miss something. Just because an employee's motor vehicle record shows no violations, you cannot assume the driving record is spotless.

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5 compliance lessons from the News Corp scandal
Troubles for News Corp., owned by billionaire Rupert Murdoch, began two years ago after it was uncovered that one of the company's most successful newspapers, News of the World, hacked the mobile phone of a murdered school girl. Since then, allegations continue to emerge that the company routinely bribed U.K. public officials for information and illegally hacked into mobile phones of celebrities, athletes and politicians, including Members of Parliament. What are other companies to make of the News Corp. scandal? Does it apply to them? The short answer is "yes." While the facts range from colorful to outrageous, the News Corp. scandal is ultimately just one more story about a failed compliance program. Any company that wants to manage its compliance risks should be alert to the following five points.
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Risky business
Furniture World Magazine
Within a mere seven years, the U.S. has suffered the top two most expensive extreme weather storms in her 236 year history, Hurricanes Katrina & Sandy. These catastrophes affected many hundreds of furniture dealers. The most common perils experienced were true tests to the "fine print" of their property insurance policies. The Special Perils Property Insurance Policy form, which all dealers should have, reads that the "perils" (what you are insured for) are "all risks" (anything that happens) but subject to specific exclusions. Each of the major perils that occur are addressed in the following article to help give furniture dealers a better understanding regarding what is covered or not, and how to cover if possible.
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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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