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May. 7, 2013

MexiPass International Insurance Services, LLC

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


Businesses combine innovation with risk management to realize growth potential
Lawyer Monthly
Innovation and risk management are now seen as two sides of the same coin by business leaders seeking to grow their companies. According to a new report recently released, company leaders are challenging the perception that managing risk stifles growth and instead making it part of their growth and innovation strategies.
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No one-size-fits-all approach to risk management, data compliance
In an era of increasing risks and the challenges of increasing regulation and legislation and ongoing economic uncertainty, companies need a comprehensive risk management strategy that incorporates data governance. Companies need to combine strategic technology, consulting and educational services to enable effective risk management, says Gary Allemann, MD of Master Data Management.
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Business continuity and disaster recovery
SmartData Collective
When considering business continuity and disaster recovery options, there's really only one constant from business to business: It's important to have a plan. No matter how small or large your business, if something happens and there isn't a plan, your company may never be able to get back on its feet again. But where do you start?
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  LWG Consulting

Forensic Scientists & Engineers

Offices located worldwide


RMS models $1.2 billion of 2013 catastrophe bonds
Risk Management Solutions, a leading provider of catastrophe risk modeling and analysis products and services, recently announced it has provided the risk analysis for $1.2 billion of catastrophe bond issuance in 2013 so far. For RMS this is an important milestone, having virtually disappeared from new catastrophe bond issuance after its RMS V11 risk model changed the view of risk significantly enough on U.S. hurricanes for the market to shy away from using the model until it became more comfortable with the changes. Now the market is clearly becoming more comfortable with RMS again, which is a positive thing for the market as it is never good for any market to be dominated by its service providers.
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Missed last week's issue? See which articles your colleagues read most.

    Top 10 loss control tips for 2013: Leveraging leading indicators (By Dennis Truitt)
Sustainable employee engagement: Forget the office fun park, because happiness is not enough (BRW)
Terrorism risk, flood insurance and green building hot topics for risk managers (Insurance Journal)
A guide to incident planning and leadership (Continuity Central)
Study: Concerns over patient safety a top concern for hospital leaders, risk managers (Insurance Journal)

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

Why companies should put values 1st — and how they can do it without sacrificing growth
Nearly five years after the U.S. financial meltdown, the soap opera continues as Wall Street, Main Street and our government continue to grope for ways to forestall future crises. Unfortunately, the latest episodes — captured in headlines like "KPMG Hit By Insider Trading Allegations" — are beginning to feel like re-runs. The problem is that we're stuck in a crisis-regulation cycle, trying to avoid future crises by writing rules and regulations aimed at eliminating repeat performances of previous bad acts. Meanwhile, we fail to address the root causes of corporate and financial malfeasance.
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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 - Core Services

Veracity Research Co. Investigations (VRC) understands that surveillance is not always the best option available to help you make informed claims decisions. As “THE Professional Investigative Services Leader” we can provide you with an arsenal of investigative options designed to fit each individual claim and its desired outcome. 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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US economy added 165,000 jobs in April
MoneyWatch via CBS News
It could've been worse. The Labor Department recently said employers added 165,000 jobs in April, topping last month's weak labor growth although still short of the kind of expansion required to quickly reduce unemployment. Although the number of Americans who are out of work remained at 11.7 million, a mark of the stubbornly slow recovery since the recession officially ended in mid-2009, unemployment has fallen by 673,000 since January.
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Fund investors leaving US for emerging markets
The Federal Reserve's policy of keeping interest rates low may be serving its purpose of spurring economic growth, but it's also caused some uneasiness for those nearing retirement and wondering about the safety of their retirement assets. Loath to jump back into U.S. equities for fear of being burned twice, and relatively late in life, many of these investors are seeking new ways to shore up their portfolio and gain income. It may seem counterintuitive to be "leaving" U.S. assets for emerging markets as a way to gain investment comfort, but fund managers are finding that emerging market stock and bond funds are a destination of choice for more U.S. fund investors.
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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

Top 10 mistakes employers make that lead to employment-related litigation, and how to avoid them
Employers across the nation are served with lawsuits from former employees nearly every day. Examples of the wrongdoings former employees claim include that the termination was unlawful, that he or she was harassed, or that the employer failed to pay overtime. No matter the preventive steps taken by employers, they may still face lawsuits. However, there are some mistakes employers make that increase the odds of being subjected to employment-related lawsuits.
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Risk and compliance: The Yin and Yang of security
Regulations and mandates — whether they're from government or industry — are important aspects of ensuring security within organizations. However, there is more to the battle to lock down information in a Big Data world. Compliance should play a supporting role within a framework driven by risk assessment, continuous monitoring and closed-loop remediation.
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How to manage third-party risk
Smart Business Network
Failure to assess and plan for risks associated with third parties can be costly. Of the more than 250 executives surveyed by CFO Research Services, 75 percent were harmed by action or inaction of a third party, resulting in financial loss, supply chain issues and data breaches.

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How much risk can your company bear?
CFO Magazine
Most senior corporate executives, including CFOs, say their companies don't use a common metric called risk-bearing capacity to gauge their appetite for risky, financially threatening activities. But a large number of risk professionals — including some at the same companies — say their organizations do use RBC as a measurement of risk appetite.

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Companies are less prepared for risk
The Strategic Sourceror
Companies are struggling with risk analysis in strategic sourcing, according to a recent report from Aon Risk Solutions. The report found companies are overall less prepared for risk. Organizations that understand risk management is not just part of the business but a means to improve the organization can drive their bottom line, according to Supply Chain Digest.

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Preparing for disaster
Journal of Accountancy
One CPA firm is still recovering from a "superstorm" that damaged nine of its 14 offices. Another has constructed a safe room in its new office, which was built after a tornado destroyed its previous office. A third firm is adjusting to the "new normal" in a city forever changed by widespread flooding. For these firms, disaster-response planning has taken on a whole new meaning. It no longer refers to a compilation of phone trees and process recovery checklists. Instead, it refers to the sober realization that disasters can happen to anyone at any time and that the most important preparation is to understand that even the best disaster-recovery plans won't work exactly as envisioned.
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Taking stock of availability
Supply Chain Digital
In today's uncertain environment, it has become increasingly important for businesses to guarantee that when a customer wants to make a purchase, their supply chain is efficient enough to ensure that the item they want is available. If a business can't fulfill its customers' requirements, they are likely to turn to the nearest competitor who can sell the item immediately. The threat of not being able to meet demand is therefore a key concern within the supply chain.
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Colby Horton, Vice President of Publishing, 469.420.2601
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