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Aug. 6, 2013

MexiPass International Insurance Services, LLC

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


Strengthening financial visibility for improved risk management
Banking Technology
The largest enterprises are prioritizing financial risk over cash and liquidity management, a recent study has shown. The findings underline not only the important role of treasury in managing financials risks, but also the pressing need for treasury to have complete visibility into the risks to which their organizations are exposed. In all, risk management was the top priority for 40 percent of respondents, with that percentage jumping to almost 50 percent for companies with revenues of more than £10 billion (15.2 billion U.S. dollars).
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How seriously should we be taking the concept of unburnable carbon?
By Lucy Wallwork
Reserve levels and reserve-replacement metrics have long been used as key determinants of the value of firms in the hydrocarbon industry. But new reports cast doubt on the boldness of valuing assets in the ground that may never be extracted and burned if global governments take seriously their commitments to limiting carbon dioxide emissions. The relationship between climate change scientists and oil executives — once rocky — has certainly transformed over recent years. However, as exploration operations to find new reserves show no signs of letting up, it appears that risk analysts at energy firms are betting against the sincerity of these commitments. Are they right?
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Industry Pulse: Is the energy industry heading toward a "carbon bubble"?

Previous Industry Pulse: Which risk management improvement has been the most important?


10 ways to prepare for business disruptions
The Globe and Mail
This summer's floods in Alberta and Toronto, Canada, highlight the importance of business continuity planning — a key part of any risk management strategy. It keeps employees productive and maintains essential business operations and customer satisfaction during any kind of interruption. The following are some key steps to make sure your business operations can continue in the event of another major interruption.
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Looking for similar articles? Search here, keyword: Planning for disruptions.

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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Aon Benfield: Catastrophe bond issuance at a 6 year high
The latest insurance-linked securities market report from Aon Benfield Securities, the capital markets, catastrophe bond and ILS focused arm of reinsurance broker Aon Benfield, shows that the volume of issuance of new catastrophe bond deals in the first-half of 2013 was the highest seen for six years. The report from Aon Benfield Securities, Insurance-Linked Securities Second Quarter 2013 Update, counts 13 new catastrophe bond deals as closing during the second-quarter, bringing around $3.3 billion of new risk capital to the ILS market.
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Share your expertise with others
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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US adds 162,000 jobs as growth remains sluggish
The New York Times
America's employers added 162,000 jobs in July, fewer than expected, with the previous two months revised downward slightly as well. The unemployment rate, which comes from a different survey, ticked down to 7.4 percent as people got jobs or dropped out of the labor force.

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Risk managers dealing with rise in total cost of risk
The National Law Review
Keeping insurance costs down is a priority for risk managers, but with the total cost of risk up 5 percent since last year, according to the newly released RIMS Benchmark Survey, this task has become increasingly difficult.

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The most important employment documents
By D. Albert Brannen
Employment litigation can be expensive and time-consuming. An employer's success or failure in defending itself can turn on the law or the facts. Employers cannot do too much to change the law that applies to any given case.

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Employers behaving badly: Are discriminatory acts covered?
Most employment-related claims are not commonly covered by general liability policies. Even if a general liability policy does not contain an employment-related practices exclusion, coverage could still be barred by the intentional acts exclusion. For instance, the ISO commercial general liability coverage form excludes bodily injury or property damage that is expected or intended from the standpoint of the insured. The form also contains an exclusion for personal injury for knowingly violating the rights of another. Both of these exclusions require intent or knowledge that the act will cause harm.
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US economic recovery may be gaining steam
The News Tribune
The U.S. economy is gaining momentum and is poised for a stronger recovery later this year, according to new data from the Commerce Department. The numbers also showed that 2012 was stronger than had been estimated. Most mainstream economists had expected a second-quarter growth number below 1 percent, so the report from the Bureau of Economic Analysis showing an annual growth rate of 1.7 percent from April to June provided a positive surprise.
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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.

Survey roundup: Risk culture, compliance, data
The Wall Street Journal
Risk culture has moved to the top of the list as a chief focus for boards and senior management, according to "Remaking Financial Services: Risk Management Five Years After the Crisis," a report by EY in conjunction with the Institute of International Finance. Among the key findings: Banks are reviewing their cultures across legal entities and business units, acting on lessons from the crisis and high profile conduct cases; there has been increased focus on operational and reputation risk; and banks have enhanced risk management, but are still working to operationalize changes.
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Cargill tool helps food and beverage companies assess supply chains
Sustainable Plant
As part of its commitment to operating responsible supply chains, Cargill has announced a new assessment tool to help food and beverage customers achieve their growth, cost reduction and risk mitigation goals by identifying, prioritizing and quantifying risks and opportunities in their supply chains. The new tool allows Cargill and its customers to rapidly identify and assess areas of risk and opportunity so they can take action on responsible sourcing issues that may negatively or positively impact business, such as labor practices, the environment and biodiversity.
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Missed last week's issue? See which articles your colleagues read most.

    The most important employment documents (By D. Albert Brannen)
Employers beware when asking about workers' health (The Wall Street Journal)
10 cyber issues boards and chief legal officers need to know about (Mondaq)
Effectively managing the human element of risk (FinancierWorlwide)

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

How your job is slowly killing you
The Huffington Post
More than eight in 10 Americans are stressed about their jobs. Occupational stress is so pervasive that we accept it as a fact of life, but the truth is that demanding jobs do more than make us unhappy — they can also spur some serious health consequences. Chronic stress in general has been linked with a number of negative health issues, including poor sleep quality, depression, weight gain and an increased risk of developing a number of chronic diseases. And studies looking particularly at work stress show that there are a number of physical and mental effects unique to on-the-job strain.
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Is Facebook putting your business data at risk?
If you own a business, it's likely that you have company social media accounts, or that you've at least considered creating them. The use of sites like Facebook and Twitter is an invaluable and inexpensive way for small businesses to reach a broader customer base and compete with larger brands. However, too few business owners realize the potential security risks of sharing information on social media, a new study finds.
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