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Jul. 11, 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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Incorporate rising milk prices in your risk-management strategy
Dairy Herd
Last year, the dairy industry experienced severe heat and drought conditions in many areas of the country. This year, with increased moisture throughout the Corn Belt, analysts are forecasting nearly tripling corn stocks from one year to the next. Weather conditions in the United States and globally influence fast-changing market dynamics, leading to increased volatility in markets ranging from dairy to feed and energy. These sudden shifts put some dairy producers in a difficult position, especially in predicting or locking in future margins. The desire for upside potential in dairy risk management strategies is rising as dairy producers increasingly need predictability and the ability to prevent negative returns. And, of course, the desire remains to capture better results if the markets are giving them.
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Survey: Only a few companies manage currency operations properly
Economic Times
Even after two years of volatility in the currency market, 80 percent of Indian corporates do not practice "mark to market" accounting on a daily basis, leaving them exposed and ignorant of the potential losses for weeks. A survey by KPMG shows that although companies today attach greater importance to risk management in financial decision making, the approach still leaves much to be desired.
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Crisis a wake-up call for businesses
The Vancouver Sun
The flood crisis is a wake-up call for Calgary companies to adopt flexible work arrangements. With the city in disarray this past week and the downtown closed for business, many companies may find this a spark to put in place telework programs that can prove invaluable not only during crises, but on a more regular basis, said Dr. Laura Hambley, Calgary-based industrial/organizational psychologist with The Leadership Store. "Having employees well practised and equipped to work from home, or telework, is an excellent business continuity strategy. In fact, it should be a key component of such plans whenever possible," said Hambley.
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Emerging market slowdown adds to global economy pains
International Monetary Fund
The global economy is growing more slowly than expected, with risks to that growth increasing especially in emerging markets, says the IMF in an update to its World Economic Outlook. Global growth is now projected at 3.1 for 2013 and 3.8 percent for 2014, a downward revision of one-fourth percentage point each year compared with the forecasts in the April 2013 WEO.
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6 elements staffing firm contracts must include
Business Management Daily
When negotiating contracts with employee outsourcing firms, many organizations make background checks an afterthought and leave the specifics up to the agency. That's a big mistake. Routine checks by the agencies typically don't offer enough legal protection. That's why you need specific language in the contracts that shields your organization. The more you outsource, the greater your legal risk.
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Looking for similar articles? Search here, keyword: Staffing risks.


SHOWCASE
  Building a Robust ERM Framework

The 3rd ERM for Banks and Financial Institutions Conference will bring together senior level executives from KeyBank, BankUnited, SunTrust, and many more to discuss how to maintain a robust ERM framework under heightening regulatory scrutiny. For information on how to receive a $200 discount, please e-mail Robin Yegelwel at robiny@marcusevansch.com
 


Is travel bad for your health?
The Washington Times
According to a lengthy study that looked at frequent travelers and measured their health against time spent on the road, travel may be hazardous to your health. The study focusing on business travelers found frequent, extensive travel may increase cardiovascular risk factors such as obesity, high blood pressure and high cholesterol.
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3 steps you must take to prepare your business for disaster
Small Biz Daily
Severe weather season is here — is your small business prepared? To make sure you're ready for a hurricane, earthquake, fire or other emergency, check out the following preparation tips from Wasp Barcode Technologies.

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HR must play strategic role in crisis management
Bloomberg BNA
When Hurricane Katrina struck the states near the Gulf of Mexico in August 2005, human resources at Target Brands Inc. was right in the middle of handling the crisis for the well-known retailer.

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New Good Practice Guidelines take business continuity to next level
ITWeb
Updated Good Practice Guidelines, recently issued by the Business Continuity Institute, offers practitioners and companies alike a significantly improved set of methodologies that are easier to follow and implement.

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Commercial insurance rates up 5 percent again in June
Insurance Journal
Increases for commercial property/casualty insurance rates in the United States were again about 5 percent during June, the fourth straight month at that pace. According to the latest composite index from MarketScout, all coverages, industry groups and account sizes held within a plus 1 to minus 1 percent range compared to last month.
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Logistics supply chain risk: Are 3PLs taking on risk management for shippers?
Spend Matters
In the procurement sector, most business process outsourcing firms aren't doing very much in the area of supply risk (or broader supply chain risk) compared to more typical indirect procurement management, category management, tactical buying and related initiatives focused almost entirely on operational and transactional efficiency and/or purchase cost reduction. Granted, supplier management BPO specialists such as Achilles are absolutely working in this space in outsourcing. But for the most part, supply risk is not something that most procurement and supply chain organizations have opted to outsource.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    New Good Practice Guidelines take business continuity to next level (ITWeb)
Defending against discrimination, wrongful termination and other claims (Smart Business)
Discussing the value of risk management at the RIMS Risk Summit (The National Law Review)
Stimulus, not austerity, is the key to global economic recovery (The Guardian)
When it comes to fraud, the buck stops with you (Forbes)

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Ernst & Young Insight: Social media — real opportunity or risky business?
Financial Post
The ever growing presence of social media is forcing established businesses and entrepreneurs to create new business strategies that revolve around social media as a medium to understand their customers more intimately. The problem is social media is growing so fast that the type of strategy needed is unclear. Furthermore, the rapid evolution of this social medium accelerates the need for a nimble, actionable, and measurable call to action where effective execution is a large part of the strategy itself.
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Mobile security: 5 tips for protecting your sensitive data
ITProPortal
There is little doubt mobile devices have profoundly transformed today's business world, with organizations now commonly making line-of-business applications accessible to their increasingly mobile workforce. Once mostly prohibited by IT, smartphones and tablets are being used by hundreds of millions of employees worldwide to access, transmit and store corporate information in today's 24/7 business environment. This "extended enterprise" introduces new challenges and complexities for IT.
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