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May. 23, 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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Managing risk across borders
By Dr. David Hillson
Many organizations conduct business internationally in our connected world, and we need to consider the particular risks that might arise from operating or trading across borders. We recently learned about the risk approach adopted by AECI, whose business involves transporting toxic chemicals and high explosives across Africa. Your business may not be as volatile, but if there is an international aspect to your operations, you might like to consider these risk categories and see whether any of them might be relevant.
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Industry Pulse: Which type of risk is most important in international business?
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Risk management's gender pay gap
The National Law Review
Next month marks the 50th anniversary of the Equal Pay Act, which was signed into law by President John F. Kennedy on June 10, 1963. At the time, women earned about 59 cents for every dollar paid to their male counterparts. To correct this disparity, the law made it illegal for employers to pay women lower wages than men for doing the same job. Today, the gender pay gap has narrowed, but as RIMS reported in the May issue of Risk Management, it still exists. According to the Bureau of Labor Statistics, in 2011, women were paid 82 cents for every dollar paid to men. While a 23 percent gain is certainly progress, there is still significant ground to be made up before full equality can be achieved.
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Are your machines safe to use?
Aviva
Whether it is in factories, building sites or industrial plants, businesses always have to be sure their equipment is in good working condition. If this is not the case, then accidents might occur and firms could be liable for compensation claims.
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  LWG Consulting

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Nursing home administrators can rise to 'unrealistic expectations' with disaster management
McKnight's Long Term Care News
One day after a powerful tornado destroyed a hospital and devastated an Oklahoma town, long-term care stakeholders gathered at a disaster preparedness conference organized by the Center for Preparedness Education, a joint endeavor of the Creighton University School of Medicine and the University of Nebraska Medical Center. The Oklahoma tornado is only the most recent event to underscore the importance of disaster planning for long-term care facilities. Although long-term care leaders face such "unrealistic expectations," they can become good at this aspect of their jobs by focusing on the three components of planning, training and exercising.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Enron, ethics and today's corporate values (Forbes)
Business continuity management is mission critical in the medical device industry (Disaster Recovery Journal)
Your 7 biggest IT security questions answered (Director)
For some corporations, fighting climate change is good business (Renewable Energy Magazine)
New risk management tools for a post-financial crisis era (Pensions & Investments)

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


10 steps to an effective catastrophe response
PropertCasualty360
Business continuity is not just about protecting the supply chain. When a disaster strikes, how a company responds, and how the public perceives that response, can have a significant and lasting impact on its business. A poorly handled response can seriously damage a company's reputation, lead to lost customers and sales and even spur new regulations. An effective response will help mitigate those very real threats to revenue and reputation. Planning makes all the difference.
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Catastrophe bond price returns begin to look more seasonal
Artemis
Price returns in the secondary catastrophe bond market have taken another dip in the last fortnight as the pricing pressure we discussed two weeks ago here continues to exert itself on the pricing of outstanding cat bond marks. As we approach the U.S. hurricane season we're beginning to see cat bond prices looking more seasonal and the turn in price returns has also been assisted by the strong primary cat bond issuance in recent weeks.
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SHOWCASE
  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
 


Emerging-market equities turnaround in sight
The Wall Street Journal
There might be "light at the end of the tunnel" for investors still waiting for a turnaround in emerging-market equities, J.P. Morgan Asset Management says. The firm, which manages $1.5 trillion in assets, said in a recent report that one key headwind for the asset class, namely weak corporate earnings, is likely set to fade. That could finally open the door to the returns that emerging-market stocks simply haven't seen.
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Looking for similar articles? Search here, keyword: Emerging market risk.


FEATURED ARTICLE
TRENDING ARTICLE
MOST POPULAR ARTICLE
Report: Risk management strategies must address 'insider threats'
Canadian Underwriter
While nearly two thirds of Canadian organizations included in a recent survey say they're prepared to handle "insider threats," only about 1 in 7 have a specific internal definition of what those threats could be, according to a report from the Conference Board of Canada.

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Maintaining wage and hour compliance in 2013
AccountingWEB
Over the past six years or so, wage and hour lawsuits have become, if not commonplace, extremely prevalent. This trend, fueled by a large number of workers displaced following the financial crisis and stoked by successful settlements and court rulings over the past several years, is unlikely to end anytime soon.

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Enron, ethics and today's corporate values
Forbes
Enron's heyday has long ended. But its lessons will long endure. The company's failure in 2001 represents the biggest business bankruptcy ever while also spotlighting corporate America's moral failings. Surely, if there are profits to be made, some type of scheme that attempts to skirt the law or even cross boundaries will occur.

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Cloud computing: A way to reduce risk?
BankInfoSecurity
NIST's Ron Ross sees the cloud as a helpful tool in reducing the complexity of managing data and keeping it secure. But security expert Eugene Spafford of Purdue University has a different point of view. "The cloud provides opportunities for organizations to make some decisions about the criticality and sensitivity of their data," said Ross. Once that less important data is moved to the cloud, Ross contends, the remaining critical information is more manageable. Spafford, a computer science professor at Purdue, sees issues that often aren't discussed in cloud computing conversations.
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Balancing social media risk and employee policies
Corporate Counsel
The results of a study released by Montieth & Co. in January indicated that as employees have become more connected through social networking, insider trading has become more "socialized." According to the study, given their age, these individuals "grew up in their professional lives with social networking as a model for interacting with others, for creating bonds and exchanging information." While insider trading is a clearly illegal activity, there are many other corporate risks that can emerge due to social media activity but are not quite as obvious, including libel, loss of intellectual property or harassment.
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Buyers must develop 'peripheral vision' to tackle risk
Supply Management
Purchasing professionals must look outside the day job to be able to mitigate risk effectively, according to CIPS economist John Glen. "It is about thinking in a way where we develop what I would call our 'peripheral vision' — a vision that is outside our traditional core scope of what it is we do, so we are aware of potential risks that might exist in the supply chain and we can start to think about potential strategies to mitigate those risks," Glen told the CIPS Middle East Conference in Dubai.
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Strategies for aligning GRC with business priorities
Compliance Week
Today's businesses operate in complex, geographically distributed, and highly dynamic environments. The confluence of legal, regulatory, technological and business developments increases the complexity and scope of an organization's existing Governance, Risk and Compliance program.
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RiskWire
Colby Horton, Vice President of Publishing, 469.420.2601
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