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Apr. 16, 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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Shedding light on the blackout problem
Risk & Insurance
Blackouts are on the rise, but experts say that companies can mitigate losses from power outages if they install backup power for critical processes, have "redundant" facilities in separate locations and make sure they have the right insurance coverages.
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Risk management central to hedge fund capital raising
Risk
Over 80 percent of hedge funds believe risk management will become more central to raising assets in 2013, according to a survey by Prmia and SunGard APT. While the percentage is virtually unchanged from 2012, it does show a long-term trend for risk management to be viewed not just as a cost center but as an essential function.
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How sound are your business continuity plans?
CFO Magazine
Mismanaging a potential risk exposure can cost your organization money as well as reduce your shareholder value. It can also leave your company unprepared to take advantage of business opportunities and limit growth and innovation. The more an organization understands its risk exposures and plans ahead of time for certain risk events, the better it will be prepared to make more informed business decisions.
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SHOWCASE
  LWG Consulting

Forensic Scientists & Engineers

Offices located worldwide

www.lwgconsulting.com

800.326.5075
 


Revolutionizing retail risk management
Supply Chain Digital
VideoBrief Global multi-sourcing — the practice of obtaining identical merchandise and components from more than one international supplier — has risen in profile recently, following a renewed focus on risk management in the supply chain. Whether you are considering or already undertaking a global multi-sourcing strategy, it is important to weigh the qualitative and quantitative factors against what your company can reasonably support.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    3 steps to better risk management through organizational design (Advanced Trading)
Why we should pay attention to cyberattacks (The Miami Herald)
White House says economic recovery is continuing (The Associated Press via The Plain Dealer)
Being the good guy (or gal) can save your company (Business 2 Community)
FDA's changing culture: What every food company needs to know (Food Safety Magazine)

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


  PRODUCT SHOWCASES
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



To find out how to feature your company in RIMS Riskwire and other advertising opportunities, contact
James DeBois at 469-420-2618.

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Strengthen cyber security in your business
Management Today
Cyber security breaches pose huge risks to businesses. Client data can be compromised and competitive positions undermined when sensitive information falls into the wrong hands. The EU is currently considering sanctions against businesses that don't take reasonable steps to protect consumer data or fail to promptly report data breaches. Fines of up to 2 percent of business turnover could be imposed if the proposed legislation takes effect. This means that there is an immediate need for businesses to take ownership for the security of their data and to consider the strategies for doing so now.
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Looking for similar articles? Search here, keyword: Data breaches.




FEMA still processing post-Sandy flood insurance claims, begins preparations for hurricane season
GIMBY
The money keeps flowing out, but even now FEMA has to be worried about the next storms rolling in. In New York, the Federal Emergency Management Agency has shelled out some $3.3 billion in National Flood Insurance Program payments. The government's disaster recovery agency says it has processed over 96 percent of all flood insurance claims in hard-hit New Jersey. Billions of dollars have been processed in loans by the Small Business Administration to help residents rebuild their homes and businesses. But even as Sandy recovery work continues, federal officials are looking ahead to what some are predicting will be an active 2013 hurricane season.
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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


Strong start to 2013 not going to last for US economy
Reuters
After a strong start to the year, the world's largest economy is set to slow as some of the effects of government spending cuts take hold, likely leaving the central bank's extraordinary stimulus in place into at least 2014. Still, the labor market is expected to continue healing this year, even after last month's disappointingly weak job gains, and the housing recovery should gain momentum. Both should help keep the economy from cooling too much.
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Technology and history accelerate insurers' risk management evolution
Insurance & Technology
In the insurance technology space we continue to quibble about definitions of "big data," but changes within the industry show that insurers are moving inexorably in the direction of becoming "digital enterprises," whether they like it or not. The evolution of risk management represents a prime example of the transition, as revealed in a recent conversation with Ernst & Young's Bill Spinard, executive director, financial services.
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FEATURED ARTICLE
TRENDING ARTICLE
MOST POPULAR ARTICLE
Conduct an 'end-to-end' disaster recovery exercise in real time
Disaster Recovery Journal
Many times, organizations conduct traditional disaster recovery exercises where testing is done in silos, and the scope is limited and restricted only to host-level recovery of individual systems. With growing technology changes and globalization trends, the intricacy and interdependencies of applications have become more complex in recent years.

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Insolvency in Cyprus and China and reassessment of risk
Moneylife
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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3 steps to better risk management through organizational design
Advanced Trading
Firms may be able to educate their traders into wanting to do the right thing, but employees still may be stymied from playing their part unless the organization enables them to do so. This is why firms must be concerned with organizational design as they develop effective risk management practices.

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FDIC on social media risks
BankInfoSecurity
As the use of social media grows among banking institutions, federal banking regulators warn those institutions need to be mindful of phishing and spoofing schemes. Drafted guidance issued by the Federal Financial Institutions Examination Council now details how banks and credit unions can prepare to mitigate the new and emerging risks social media poses.
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Survey finds increase in workplace stress
Indian Country Today Media Network
Capitol Hill recognized National Stress Awareness Month on April 1 with a series of panel discussions. It was 2008, during the onset of the recession, when the House and Senate passed resolutions raising awareness of workplace wellness, reported Forbes.com. The timing may seem ironic, but now in an increasingly 24/7 global marketplace, organizations like the American Psychological Association and the U.S. Workplace Wellness Alliance are sounding alarms about how a stressed workplace hinders company growth and success.
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Colby Horton, Vice President of Publishing, 469.420.2601
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