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Jun. 25, 2013

MexiPass International Insurance Services, LLC

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


Incident management 103: Communications
During an incident there is constant need or desire for information from many stakeholders. When information is not forthcoming, those stakeholders will assume that nothing is being done. Communications must be part of the incident response plan. It can't be left until a disruption occurs. Having a separate crisis communication plan may be helpful — as long as it integrates thoroughly with the incident response plan.
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Managing risks with digital asset management
Risk can be defined as the probability of a given event occurring and the impact that it is likely to have. Uncertainty is an unavoidable feature of introducing new technology, risk management exists to help deal with that in a structured fashion. A practical approach to identifying potential risks with DAM is to work backwards from the benefits.
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Secondary catastrophe bond market becomes more balanced in May
The month of May saw the market for secondary positions in outstanding catastrophe bonds continue to see more liquidity, as issuance of new catastrophe bonds continued to be strong throughout the month and investors used the secondary cat bond market to rebalance portfolios allowing them to participate in the new issuance.
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Maintaining business continuity in a diverse IT environment
It's a big, diverse IT world out there. In any given data center, you can walk down the aisles and see racks of servers or storage from literally dozens of different companies, all doing their jobs — but not necessarily always in exact harmony. The coordination of proprietary, open-source and open-standards software that can clash is often a sore point for IT managers — and those are often found within the same data center environment. This all affects business continuity big time, because all those diverse components have to work together in order for a system to recover after being hit by an outage.
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Video games and emergency preparedness
Disaster Recovery Journal
Last year, the Centers for Disease Control & Prevention acknowledged the zombie phenomenon by releasing zombie preparedness advice via the Office of Public Health Preparedness and Response. Division Director Dr. Ali Khan noted "If you are generally well equipped to deal with a zombie apocalypse you will be prepared for a hurricane, pandemic, earthquake or terrorist attack." The ongoing popularity of computer, console and social media based games such as FarmVille and Candy Crush demonstrate that users of all ages continue to enjoy video games. New console systems from Sony and Microsoft launch this fall, bringing a vast new library of video games available to play. Undoubtedly, we will see a number of games include the popular disaster theme. This leads us to ask the question: Can disaster themed video games provide an effective avenue to spread the emergency preparedness message?
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  Proactive Operational Risk Management Conference

The Proactive Operational Risk Management Conference, September 9-11 in NYC, will help participants develop operational risk tools for minimizing operational losses, getting fewer regulatory fines and ultimately improving the bottom line of their institutions. Join our expert speaking panel from JP Morgan, GE Capital, TD Bank, RBS Citizens Bank and Bank of America.

Forget ethics training: Focus on empathy
Financial Post
The sheer volume and diversity of recent scandals in the corporate world, various levels of government and even the media, has been astounding. Even though initiatives to get tough on corporate malfeasance were introduced and promoted in the early 2000s, it seems the only lesson learned is how to shield bad deeds more effectively while keeping up the appearance of compliance. The most recent National Business Ethics survey reinforces this notion.
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Missed last week's issue? See which articles your colleagues read most.

    Montross: Drooling catastrophe bond investors overlook risk (Bloomberg)
Mid-year business review: Risk management edition (Small Business Trends)
Natural disasters highlight importance of business continuity plans (SecurityInfoWatch)
Court decisions, cost concerns drive growth in business for e-discovery firms (The Washington Post)
Why risk management and strategic planning must synch (ABA Banking Journal)

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Tips for preparing your business for disasters, hurricane season
Orlando Business Journal
VideoBrief Should disaster strike, a bustling business that isn't prepared for a crisis might become fodder for its competitors. Recently, at the city of Orlando's information session "Business & Bagels: How can I prevent and manage a crisis in my business?" business owners were faced with the fact that 35 to 40 percent of businesses disrupted by disaster never re-open.
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Data classification can boost risk management
Dark Reading
The effectiveness of data classification and retention policies can have strong ripple effects across an organization's entire IT risk management framework.

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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.

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Montross: Drooling catastrophe bond investors overlook risk
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.

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Slow-motion US recovery searches for 2nd gear
The Wall Street Journal
After four bumpy years, the U.S. recovery finally appears to be on a smoother road. Many economists now predict 2014 will be the best year for growth since 2005, while joblessness is expected to click below 7 percent next year for the first time since 2008. Houses are selling again, the energy sector is booming and jobs, while not plentiful, are being created at a steady pace. Recently, the Federal Reserve upped its estimate for next year's expansion as well. There have been earlier waves of optimism that the economy was poised for better growth, and the past week's financial-market turmoil is a reminder that a lot still could go wrong.
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5 rules for general counsel in the 'Digital Age': Risks abound, but so do opportunities
When most corporate general counsels look at that the world of digital and social media, they see a landscape rife with risk. The potential for an ill-advised employee tweet or Facebook post is always lurking. Online venues have provided plaintiffs' attorneys and activists with megaphones that amplify their messages. When crisis strikes, the speed with which the public narrative develops and is disseminated is nearly impossible for all but the most prescient companies to match. But while the Digital Age has certainly introduced an intensified era of legal and reputational liability, it has also provided GCs with tools that, if effectively leveraged, take crisis preparedness and risk management to new and unprecedented levels.
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Wellness programs keep workers and businesses healthy
Employers are finding that employee wellness programs are just what the doctor ordered. These health management initiatives are designed to keep healthy workers in top form, while helping those with chronic conditions to better manage their illnesses. Wellness programs also boost employee engagement and productivity and help in recruitment and retention. Wellness initiatives can reduce inpatient admissions and emergency room visits, minimize complications and improve quality of life.
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Retailers fail to manage human rights disclosures
Money Management
Australian retailers are failing to disclose labor and human rights risks despite an increased trend to source labor from the least developed countries in Asia. Australian Council of Superannuation Investors chief executive Ann Byrne said the issue was particularly relevant in light of increased disclosure requirements for superannuation funds. "Poor management of risks by the companies in which funds invest inevitably impacts upon their reputation as responsible investors as well," said Byrne.
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Colby Horton, Vice President of Publishing, 469.420.2601
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