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Jun. 18, 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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Mapping app helps risk managers track business travel risks
Business Insurance
Keeping track of teams of business travelers on a global scale is a challenge for risk managers. Recently, the Aon Risk Solutions unit of London-based Aon P.L.C. unveiled an interactive map application intended for mobile devices that will help keep risk managers abreast of how weather, terrorism and natural disasters threaten remote workers. Known as Aon WorldAware GeoAlert Map, the application augments Aon's travel risk management platform, Aon World-Aware Solutions.
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Natural disasters highlight importance of business continuity plans
SecurityInfoWatch
Last month, it was tornadoes ripping through Oklahoma. Last fall, it was Superstorm Sandy flooding the East Coast. The damage left behind in the aftermath of these acts of nature reinforces the need for organizations to incorporate comprehensive natural disaster management policies and procedures in their business continuity plans. Often times, however, security managers become so bogged down in the minutiae of every day operations that their enterprise risk management plans are neglected, rarely ever being updated of practiced.
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Looking for similar articles? Search here, keyword: Neglecting risk management.


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Court decisions, cost concerns drive growth in business for e-discovery firms
The Washington Post
They are the data crunchers of the legal world, doing the digital equivalent of sifting through reams of documents in search of key phrases that can be used by companies as evidence to fight lawsuits or respond to subpoenas. These data crunchers are known as "e-discovery vendors," and they are part of a growing and lucrative industry built around the management of electronic data. E-discovery includes any kind of electronically stored information — emails, text messages, and Facebook and Twitter posts — that law firms and corporate legal departments must gather, analyze and hand over to adversaries in litigation, or to the government in federal investigations into corporate malfeasance.
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Mid-year business review: Risk management edition
Small Business Trends
For small business owners, conducting a mid-year check-in is an essential part of staying on track for meeting annual revenue and growth goals. But a mid-year review can also be an effective risk management tool to help keep your business safe from the various forces that can throw it off track. The following are key questions to include in your business review to ensure that you're adequately managing the risks that affect your business.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Building an effective project risk management scoring matrix (Business 2 Community)
Energy risk management in 2013 hurricane season (The Energy Collective)
Building an effective project risk management scoring matrix (Business 2 Community)
A big bunch of workers say they're ready to jump ship (HRMorning)
Why 'cloud' should be part of an effective business continuity plan (Sys-Con Media)

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Montross: Drooling catastrophe bond investors overlook risk
Bloomberg
Franklin "Tad" Montross, form Berkshire Hathaway Inc., said pension funds that increased bets on catastrophe bonds to improve investment returns may flee the market after a major natural disaster. Issuance of the securities has been increasing as investors seek assets that are uncorrelated with most capital markets and offer higher returns than corporate debt. Cat bonds pay hundreds of basis points more than benchmark yields, such as the London interbank offered rate, to investors who risk losing all their principal to an insurance company if a costly enough natural disaster strikes.
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Why emerging markets are still on shaky ground
CNBC
Emerging markets remain vulnerable after the ugly sell-off this past week, as concerns about an unwinding of the U.S. Federal Reserve's monetary stimulus program keep investors on edge, analysts say. The MSCI Emerging Markets Index, the benchmark for emerging market stocks, tumbled to its lowest level since September, while currencies such as the South African rand and Indonesia rupiah took a pounding. And, in a sign of heightened concern about a sharp outflow of funds from emerging markets, Brazil, Indonesia and India have all stepped up measures to either stem the outflows or shore up battered currencies.
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TRENDING ARTICLE
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Surveys show small businesses quickly forget natural disaster risks
Docstoc
While the Oklahoma tornados remain a fresh wound on America's mind, surveys show that Americans tend to quickly forget about the devastating effects of natural disasters, not only on people's lives and homes but also on small and local businesses.

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Create a collaborative risk management program
CSO
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?

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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.

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No economic recovery without small business recovery
The Huffington Post
As small business goes, so goes the nation. That's the take-away from the recent news that 65 percent of small businesses don't plan to expand in the current period or the next six months. And if you think you're not affected by the woes of small businesses because you're employed by a big company or the government, think again.
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Why risk management and strategic planning must synch
ABA Banking Journal
When asked, many bankers see regulations and compliance as their bank's greatest risk. However, over time, uninformed or poorly informed strategic decision-making has shown to be the greatest risk. The recent crisis emphasizes the need for bank management and boards to understand the potential risk consequences of strategic business decisions made today. As many banks learned over the last few years, just having strong net worth and earnings doesn't mean you've managed risk carefully. Earnings and capital can evaporate quickly in a severely plummeting economy.
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Identifying procurement risk
Supply Management
Risk mitigation strategies lie at the heart of corporate governance. What is the contribution to these mitigation strategies from the procurement and supply chain management function? It is rare to find robust methodologies in place that will, in a structured way, identify the potential risks that exists in contracts with third parties. A failure to manage the risks leaves the organization vulnerable to reputational damage, disputes, threats to service performance and diminishing profit margins.
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Survey: Nonprofits unprepared, under-insured against risks
Insurance Journal
Crystal & Co., a worldwide risk and insurance adviser, has released the results of its Nonprofit Risk Survey, presenting a snapshot of risk awareness and exposure among U.S. nonprofit organizations, including human services, foundations, and community service, educational and religious organizations. Among its key findings, Crystal & Co.'s study revealed that 22 percent of nonprofit organizations surveyed have a dedicated risk manager. For the majority of organizations surveyed, responsibility for corporate risk and insurance was handled by the organization's finance team, or by the organization's human resources, operations, or legal departments.
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