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Jun. 11, 2013

MexiPass International Insurance Services, LLC

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


Create a collaborative risk management program
How do you handle understanding the enterprise risks in a corporation where all of the risk management functions are dispersed in differential line management — general counsel, finance, technology, facilities? How do you define the participating functions? Yes, the ideal situation is having these groups housed under a chief risk officer or head of operational risk, but in the absence of organization structural shifts, the following are some tips for you.
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Energy risk management in 2013 hurricane season
The Energy Collective
According to the National Oceanic and Atmosphere Administration, the 2013 hurricane season is predicted to be more active than normal. In its forecast released on May 23, NOAA anticipates 13-20 named storms, with 7-11 of those becoming hurricanes and 3 to 6 of those being Category 3 or higher hurricanes. The averages call for only 12 named storms, six hurricanes and only three of those becoming major storms. Given this outlook, the question becomes how will this impact natural gas prices?
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Building an effective project risk management scoring matrix
Business 2 Community
Project teams and managers should discuss how best to control and identify risks within projects at various levels when implementing project management solutions. Commonly we have reliable methods to control scheduling and communications but don't manage the project in relation to key objectives and associated risks. Using a risk score matrix can easily and quickly highlight discussion points for the project review board.
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  LWG Consulting

Forensic Scientists & Engineers

Offices located worldwide


Why 'cloud' should be part of an effective business continuity plan
Sys-Con Media
Self-preservation is the primary law of nature ... and business. Business continuity plans are therefore an essential part of business. To create a business continuity plan, we have to identify internal and external threats to both hard and soft assets of the company – but who can really prepare for an earthquake, violent storms, tsunamis or tornadoes? Who can be ready when such calamities strike? These may not have been immediate concerns before, but we've seen Mother Nature strike one too many times to ignore a contingency plan.
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Missed last week's issue? See which articles your colleagues read most.

    Risk and reward: Policy management tools (SC Magazine)
Risk management front and center as industry mulls training standards (Aviation Week)
ISO 31000 risk management standard helps balance uncertainty and opportunity
(Business Insurance)
Commodities trading requires disciplined risk management (HedgeWeek)

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

Moody's consolidates its catastrophe bond rating methodology
Rating agency Moody's Investor Services has published a new version of its methodology and criteria for rating catastrophe bond transactions. The document, published yesterday, consolidates into a single document and replaces several older publications which defined Moody's approach to rating cat bonds. The document titled, Moody's Approach to Rating Catastrophe Bonds, lays out Moody's approach to rating catastrophe bonds and insurance-linked securities including extreme mortality ILS transactions.
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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

Cyber worries keep widening
Fleet Owner Magazine
With so much of the trucking business relying on electronic data streams these days — for transferring freight manifest, recording driver hours of service information, crafting load routes, etc. — concerns about cyber security are increasing as well. It's a subject that only grows in importance as the weeks go by — and you need only look at the dust-up between China and the U.S. over the alleged hacking and theft of weapons secrets to see how serious the cyber security stakes are reaching.
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US adds 175,000 jobs in May, showing stable but slow recovery
The Washington Post
The economy added a solid 175,000 jobs last month, according to new government data recently released, a reassuring sign that the recovery remains stable. The Labor Department reported that the jobless rate ticked up slightly to 7.6 percent, about the level it has been for the past three months. But the details of the data were encouraging: More people were seeking work and fewer were giving up hope of finding a job.
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  Building a Robust ERM Framework

The 3rd ERM for Banks and Financial Institutions Conference will bring together senior level executives from KeyBank, BankUnited, SunTrust, and many more to discuss how to maintain a robust ERM framework under heightening regulatory scrutiny. For information on how to receive a $200 discount, please e-mail Robin Yegelwel at

5 disaster recovery misconceptions
Virtual-Strategy Magazine
Do you know how your business technology would fare if a true disaster were to hit? With the rate technology and your applications change and evolve, your DR plan may need a dusting off and updating.

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8 things you need to know to prepare your business for hurricane season
The News-Press
The Oklahoma tornado and start of hurricane season are throwing up red flags for business owners. Of small businesses that close because of a disaster, at least one in four will not reopen and many small business owners don't feel they have the time or money to create a continuity plan.

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Risk and reward: Policy management tools
SC Magazine
So, you've got your policy in place. But sometime when you weren't looking there was a new regulatory requirement, two new firewalls and a new corporate website for the marketing team. Now what?

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Businesses that accept Bitcoin may risk privacy problems
Businesses that accept Bitcoins as payment risk making the transactions publicly traceable, which could get companies in trouble with government regulators, experts say. The privacy weakness within the digital currency's payment network was recently reported by Wired, which found troubling possibilities related to transaction tracking. The problem is in the way the Bitcoin peer-to-peer network works.
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Prepare your supply chain for natural disasters
A new UN report that warns of $100 billion in annual losses from natural disasters should prompt supply chain managers to update risk management strategies and adopt more resilient practices. The report, "Global Assessment Report on Disaster Risk Reduction 2013," paints a gloomy picture. If news of direct economic losses from disasters walloping past $100 billion annually for three consecutive years — a figure that does not include uninsured losses — isn't nervous-making enough, the report says in its first sentence on its first page, "the worst is yet to come."
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A big bunch of workers say they're ready to jump ship
Ready for an 81 percent turnover rate in the coming year? Because that's the percentage of workers who told researchers they'd be looking for a new job in the coming months. According to a recent survey from, nearly one-half (42 percent) of employed job seekers are dissatisfied with their current job, with a surprising majority (81 percent) of the employed expecting to actively search for a new job in the next year. Desire for higher compensation, seeking a better skills match and personal fulfillment were listed by those currently employed as top reasons for seeking a new job.
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Automating vendor risk management and certification processes
Help Net Security
Qualys announced customizable questionnaires in its QualysGuard Cloud Platform and suite of integrated solutions for security and compliance. Businesses can use the new questionnaire solution to centralize and automate the vendor risk assessment process, reducing time and increasing efficiency. It also helps companies ensure that their service providers and IT suppliers do not disrupt or hurt business performance.
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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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