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Home   Membership   Education   Events   Resources   External Affairs      July 10, 2014

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Stress testing for risk management
By Dr. David Hillson
Stress testing originated in engineering to check that structures such as bridges, roads, tunnels and buildings would carry the expected load without collapsing. From these beginnings, stress testing has spread to other areas. Specifically in the risk field, the concept of stress testing also forms part of business continuity and disaster recovery, where business continuity plans are tested in advance to ensure they will work if a real disaster arises. Can stress testing help more generally in improving the way we manage risk?
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What NOT to do when employees run to EEOC
HR Morning
When you suspect employees may run to the Equal Employment Opportunity Commission (EEOC), you don't want to take a page out of this company's playbook. When three former employees of Corinthian Colleges went to the EEOC with complaints that Corinthian had discriminated against them on the basis of their race, it wasn't what Corinthian did that got the employer in trouble, it's what it didn't do.
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Applying best practice risk management in IT projects
IT projects rarely stand alone. They usually represent a major deliverable of a wider enterprise program and their success or failure can have a massive impact on the business. Against a backdrop of interminable high-profile project failures the need for a risk management approach to IT projects is becoming pressing.
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SaaS delivered web-based claims management platform

Robust claims platform driven by a user configurable unlimited hierarchy and business rules that puts best practices into action.

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Corporate ethics: Why companies should beware of internal fraud
The Economic Times
Pharma giant GSK illustrates how devastating fraud can be to a company. The Chinese government has accused the company and its executives, including the former head of GSK China, of funneling hundreds of millions of dollars in bribes to doctors and health officials. This has forced GSK to terminate a number of senior executives. GSK is hardly the only company battling corruption.
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Disaster plan for small businesses
La Voz
Statistics show 25 percent of businesses that close because of disaster never reopen. Small businesses are especially at risk because few have the resources to assess their risks and develop recovery plans for the future. As part of its mission to help small businesses to start, grow, and succeed, the U.S. Small Business Administration can help when it comes to disaster preparedness and recovery.
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QBE Powerful

Find strength in one of the world's top 20 general insurance and reinsurance companies with operations in all major insurance markets and gross written premiums of more than $18 billion.
The Kingstree Group New Website -Community
The Kingstree Group believes in the importance of giving back to the community through both financial support and volunteerism. Click for more information!

Facebook organizing: Legal do's and don'ts
Labor Notes
Workers are using Facebook to talk to each other about what happens on the job and in the union, and some are even using it to organize for change. Walmart workers trade advice and stories on the "Organization United for Respect" page, which has 47,000 "likes." Boeing Machinists opposed to a proposed contract linked up through "Rosie's Machinists 751." And many union reformers set up Facebook pages when they are running for office. Those are the success stories. But if you read the tabloids, you've probably seen some horror stories, too: teachers fired for Facebook posts that criticize their students, restaurant workers fired for posts that insult low-tipping customers. The following examines the do's and don'ts by looking at two cases where posts were legally protected — and one where they weren't.
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  Experienced Insurance Counsel
MMM is a full service law firm with a strong national presence in insurance, corporate and regulatory matters. Our attorneys are experienced in all matters related to the industry from the creation of insurance companies and captives to liquidation of entities. We also represent an array of insurers/reinsurers in complex litigation and arbitration matters.

Where to start with ... a framework for risk?
Procurement Leaders
Recalls, contamination, disruption — we're frequently reminded how damaging supply chain risk is to business. That's the problem, though. Everyone knows that there are vulnerabilities in what they do, they just don't necessarily know where to start in tackling them. No one has bottomless resources, and trying to build an organization resilient to everything is an exhausting and ultimately quixotic effort. So what will suffice?
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Economy slows, but doesn't stop, diversity trend
USA Today
America continues to grow more diverse, but the trend has slowed as the sluggish economy has depressed minority birth rates and slowed immigration. Last year, only three U.S. counties became majority minority for the first time, the lowest number in years, according to a Stateline analysis of U.S. Census Bureau data.

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How to identify and address climate risks in your supply chain
Despite the enormous value at stake, climate risks in supply chains can be hard to see because they are so large. The key to getting it right is for managers to address supply chain climate risks in terms of existing stressors — such as procurement costs, on-time delivery, water availability and secure energy and infrastructure.

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Actively managing risk culture in energy firms
Interest in the risk culture of organizations has increased dramatically in recent years. During that time, research, studies and broad discussions on the importance of risk culture have proliferated across the world. Risk culture is often "the elephant in the room" behind many risk management failures.

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The coming end of corporate charity: How companies should prepare
Executives have started to ask how their companies can stop giving money away and getting nothing in return, but putting an end to corporate philanthropy isn’t easy. The reputational risk of leaving worthy charitable organizations out in the cold is considerable, making leaders reluctant to take decisive action. However, new approaches are possible, since the end of giving for nothing may not be far away.
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  Online MBA Risk Management

Attention risk management professionals! Earn your MBA with an emphasis in Risk Management from CUW Online. This is a fully online program designed to maximize flexibility for working professional. Concordia University Wisconsin has been providing high quality education since 1881.

Swiss Re: Insurance industry faces high-impact emerging risks
Business Insurance
Cloud computing security, a contagious emerging markets financial crisis, a eurozone crisis leading to deflation, short-termism of macroeconomic policy measures and a significant increase in air pollution are among the high-impact emerging risks facing the insurance industry, according to a report by Swiss Re Ltd. The Swiss Re sigma report outlines 26 emerging risks relevant to nonlife and life insurance and classifies them as high-impact, medium-impact or low-impact.
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3 workplace issues where the US trails the rest of the globe
U.S. News & World Report
When it comes to family-friendly work policies, the U.S. lags far behind other nations. President Barack Obama recently highlighted this fact at the White House Summit on Working Families on June 23. The following are some of the top issues raised that affect how American workers and families experience life on and off the job.
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Missed last week's issue? See which articles your colleagues read most.

    The main reasons people quit their jobs (ValueWalk)
CDC: Traveling for business can be an expensive health risk (Wired Magazine)
No more castle building: Enterprise security and risk management (Computing)
Eliminate risk of failing disaster recovery procedures through software defined power
(Disaster Recovery Journal)

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Colby Horton, Vice President of Publishing, 469.420.2601
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