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Jul. 2, 2013

MexiPass International Insurance Services, LLC

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


Revision shows US economy grew at much slower 1.8 percent annual rate in January-March quarter
The Washington Post
The U.S. economy may not be strong enough for the Federal Reserve to slow its bond purchases later this year. That's the takeaway from economists after the government recently cut its estimate of growth in the January-March quarter to a 1.8 percent annual rate, sharply below its previous estimate of a 2.4 percent rate. The main reason: Consumers spent less than previously thought.
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Robotic roaches may soon help disaster recovery, as swarms crawl through collapsed buildings
Medical Daily
The growing symbiosis of man and machine: Roboticists are not only developing synthetic animal-like creatures but hijacking biological systems evolved over millions of years on earth — the cockroach, a family comprising some 4,500 species, including Periplaneta Americana. Roboticists at North Carolina State University recently announced they had connected Microsoft's motion-sensing Kinect system to the newly developed electronic interface, which spurs the roach into motion by sending small electrical signals to the antennae and cerci. Alper Bozkurt, an assistant professor of electrical and computer engineering there, is studying the roach's response to the remote control system with the intention to develop ways to autopilot roaches in the mapping of dynamic environments, such as collapses buildings during a disaster recovery response.
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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.

3 best practice to prepare for business continuity
With storm season near, and the disastrous effects of Superstorm Sandy still on the minds of many businesses, some wonder, "What lies ahead?" Organizations know the threat of disaster is always present. And experts are already posting dire predictions for the upcoming storm season. ImpactWeather, a full-service weather monitoring organization, has forecast a greater number of Category 3 or higher storms to hit in 2013. So the question becomes, what are companies doing to prepare for the next disaster?
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Catastrophe bonds: Betting against disaster
Investors who weather the coming storm season could see sizable returns in the catastrophe-bond market. Cat bonds, as they're called, are typically issued by insurers seeking protection from costly hurricanes and earthquakes. Investors win if there are no catastrophes, but if bad news hits, they can lose their entire principal. University endowments and other institutional investors have been drawn to the bonds because they generally offer higher yields than similarly rated junk bonds and provide portfolio diversification, since returns aren't linked to movements in stock and bond prices.
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Risk management's evolution in insurance
Insurance & Technology
Big data and regulatory change are two factors in risk management's increased complexity and importance for the insurance industry.

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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?

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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.

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Meetings memo: Disaster management
Associations Now
Recent events like the Moore, Okla., tornado and the Boston Marathon bombing have highlighted the need for association meeting planners to have thorough, up-to-date disaster and crisis communication plans ready to go in case quick adjustments or cancellations are required.
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Looking to share your expertise?
In an effort to enhance the overall content of RiskWire, we'd like to include peer-written articles in future editions. As a member of RIMS, your knowledge and experience in the industry can be of great help to your fellow members. And we're hoping you'll share this expertise with your peers through well-written commentary. Because of the digital format, there's no word or graphical limit, and our group of talented editors can help with final edits. If you're interested in participating, please contact Ronnie Richard to discuss logistics.
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European stocks hooked on emerging markets stretch values
For the first time ever, European companies are relying on emerging markets for a third of all revenue, stretching equity valuations as Chinese growth slows and protests turn violent from Turkey to Brazil. Led by Swatch Group AG and SABMiller Plc, Europe will get 33 percent of sales from developing nations in 2013, almost three times as much as in 1997, according to data compiled by Morgan Stanley and Bloomberg. While U.S. enterprises make 70 percent of their revenue at home, businesses in Europe, mired in the longest recession on record, are forecast to obtain less than 50 percent from their own economies this year.
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Looking for similar articles? Search here, keyword: Emerging market value.

Enterprise cyber-security: The case for using analytics to manage risk
Government Security News
The traditional approach to addressing common system and network vulnerabilities, which includes placing the problem in silos based on the particular type of attack or its target, is no longer enough to meet the challenges posed by today's hackers and cyber criminals. Instead, the federal cyber-security landscape requires that agencies take an enterprise approach to cyber risk management, and to do so, CISOs must be able to understand and visualize the human and technology interactions that impact the agency in cyberspace. That's where analytics can help.
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Missed last week's issue? See which articles your colleagues read most.

    Incident management 103: Communications (eBRP)
Video games and emergency preparedness (Disaster Recovery Journal)
Forget ethics training: Focus on empathy (Financial Post)
Managing risks with digital asset management (CMSWire)

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

To demystify the supply chain, know the risks and costs
For many companies, the vast majority of their impacts, risks and costs lie in the supply chain. As a result, that's where we can achieve the greatest improvements in sustainability and resiliency. With tools such as supplier scorecards, which can shine a light far back into the supply chain, companies often hold more power than they realize. But why is it so difficult to implement corrective strategies? Well, it's complicated.
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Social media must move to boardroom
The transparency, immediacy and access to data social media brings to the business will transform the way that organizations operate over the next few years. Social media is changing the way that businesses interact with shareholders, customers, employees, the community and a range of other stakeholders in profound ways. Social media doesn’t just impact on marketing and communications, but also on elements of the business such as risk management, product development, customer service and human resources.
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Colby Horton, Vice President of Publishing, 469.420.2601
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