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Jun. 27, 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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Discussing the value of risk management at the RIMS Risk Summit
The National Law Review
Recently, 15 of the world's top risk managers gathered at RIMS Risk Summit 2013 steps from Wall Street at Zurich's Manhattan offices. Paul Walker, Ph.D., CPA, from the Center for Excellence in ERM at St. John's University's Tobin College of Business kicked off the morning by asking "How does your boss know you're doing ERM well?" Even at the highest level, the challenge to communicate and demonstrate the value of risk still can impede the success of a risk management program. While those in the room with complex ERM programs seemed to have buy-in from the C-suite, others still in the process of implementing the discipline struggle "stating their case."
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Managing risk and achieving the balance
The Rail Engineer
Do you think that you are a risk taker? When driving, would you carry on even though you are tired and should stop and rest? Do you always hold on to handrails when climbing stairs or escalators and do you always carry out a risk assessment before starting any practical work? Your answer would probably depend on a number of factors. It's all about managing risk and the associated maze of issues and options that present themselves. As a company, this level of accountability demands significant input and an unrelenting commitment to continuous improvement.
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Oil and gas risk management takes flight
FierceEnergy
A unique alliance between NASA Johnson Space Center and Deloitte will bring advanced risk-management services to oil and gas companies, including several operational risk-management approaches aimed at companies seeking to minimize the risk of catastrophic failures — the kinds of dramatic mishaps that, while highly unlikely, can occur in remote and harsh environments.
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Don't have a business continuity plan? Start working on it today
HR Reporter
The day you need business continuity planning isn't the day to start thinking about implementing a program. In the wake of devastating flood waters that recently hit parts of Canada, many organizations have had to flip the switch on their continuity plans to ensure operations continue on as close to normal as possible. That's not easy, given the scope of the damage.
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Ibis Re II catastrophe bond grows slightly prices (mostly) down
Artemis
The Ibis Re II Ltd. (Series 2013-1) catastrophe bond, the fourth cat bond from U.S. specialty insurer Assurant, has increased slightly in size and the price guidance has dropped on two of the tranches of notes that are being offered. Interestingly the pricing on the lowest risk tranche of notes has moved up to the top of the originally marketed range.
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PRODUCT SHOWCASE
  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.
 


Are emerging markets oversold?
The Wall Street Journal
At last, a break in the clouds. The pressure recently eased on emerging markets assets, as currencies appreciated and bonds rose after weeks of selling, including particularly harum-scarum moves at the end of the past week. BNP Paribas points out that emerging-market bonds have now seen their biggest drawdown since the 2008 crash. Sobering stuff.
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Risk management: Lessons from the insurance industry
Value Walk
All good risk management is done upfront, before the first purchase is made or product is sold. Good risk management also relies on the concept of feedback, i.e., are the results expected at inception happening?

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Sustainable finance: 7 steps to manage reputational risk
GreenBiz
Banks and insurers have a special role to play in the health of our global ecosystem over both the short- and long-term. Their decisions about what projects and organizations to fund essentially make them gatekeepers for sustainable development.

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Creating a workable plan before a crisis
HotelNewsNow
The tragic events that have taken place over the last few months, including natural disasters and terrorist attacks, should serve as a reminder that we can never be sure when or where a crisis may next occur.

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1 CEO puts his money where his mouth is
Fox Business
Would you consider giving up a third of your salary if you rated in the bottom third among your peers? What if you won the lottery? Would you ever consider giving a third of it back if you didn't have to? Probably not. But that's exactly what Apple CEO Tim Cook has done. He's chosen to forfeit up to one third of his stock-based compensation if Apple's stock underperforms relative to other S&P 500 components. Cook is putting his money where his mouth is, and he's sending a message to boards, executives and business leaders across America.
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Looking for similar articles? Search here, keyword: Executive compensation.


Top executives out of touch with their company's IT security risks
Naked Security
The world's business leaders have high levels of confidence in their organization's cyber defenses, but that confidence is largely out of tune with reality. Most have inadequate structures and policies in place, and security awareness training sessions and use of key defensive tools are both declining. Many leaders fail to understand both the risks they may face from cyber threats, and the impact past incidents may have had on their organization's reputation. The threat from insiders is also way underestimated.
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Summer internship horror stories and how to avoid them
Forbes
Tales abound of interns running amuck. From stealing to overstaying their welcome, they can behave badly in surprising ways. Sometimes the misdeeds are malicious, but often they result from sheer ignorance and inexperience. Here are ways to keep your interns well-behaved.
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Protect your business from faulty products
The Canberra Times
It's the news no business owner ever wants to hear. A consumer is seeking compensation for injuries or property damages caused by a faulty product. But that's exactly what happened to Wingara Wine Group when a consumer who purchased a bottle of wine distributed by the company broke the bottle while opening it. The consumer, who suffered cuts to their hands, pursued compensation from the wine company. Wingara finance director Chris Pike said the business was able to use its product liability insurance to settle the matter.
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Testing employees' social media to improve policy
ZDNet
The human element of information security is often its downfall. So why aren't businesses looking at how secure its employees are on social media platforms?
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Creating a workable plan before a crisis (HotelNewsNow)
Analysis: Best practices for monitoring property, casualty and worker's comp claims (ProperyCasualty360)
Smart buildings 2.0: Business continuity drives microgrids for corporate campuses (Electric Light & Power)
The US economic recovery: Long, slow, but still going (Bloomberg Businessweek)
Watching for fraud red flags can seriously boost portfolio returns (Business Insider)

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Colby Horton, Vice President of Publishing, 469.420.2601
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