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Aug. 15, 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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The elephant in the (money management) room
EconoMonitor
The concept of risk management receives a lot of attention in the investment realm, and rightly so. Chasing return directly, by contrast, is almost certainly doomed to failure. In other words, risk management is the only game in town. But talking about it is one thing; applying it in a meaningful, productive way that delivers satisfactory results is something else.
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US economic confidence edges back up
Gallup
Overall, Americans' confidence in the economy is higher in 2013 compared with 2012. The Economic Confidence Index has averaged -12 for all of 2013 versus -21 for all of 2012. Improvements in job creation, home values and stock prices are likely contributors. Despite the improvement, consumers remain more negative than positive about the U.S. economy on an absolute basis, although their confidence has gradually improved since the recession in 2008-2009; during that two-year span, Gallup's Economic Confidence Index averaged -42.
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Focus needed for tech, governance, enterprise systems
ABA Banking Journal
In response, banks and other financial services firms are increasing their risk management budgets and enhancing their governance programs. According to Deloitte's eighth biennial survey on risk management practices, about two-thirds of financial institutions (65 percent) reported an increase in spending on risk management and compliance, up from 55 percent in 2010.
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Risk-management strategy
Dairy Herd
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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Risk managers visualize fresh correlations by analyzing location data
DataInformed
For Aon, the world's largest insurance broker, storm damage claims are a common type of report for the insurers, who are its customers, to process.

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10 tips for reducing the risk of employment-related litigation
By D. Albert Brannen
This article offers tips for minimizing or avoiding employment-related liability.

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Why emerging markets could sell off again
CNBC
The risk that the Federal Reserve starts winding down its asset purchases sooner rather than later could spark another emerging market sell-off.

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PRODUCT SHOWCASE
  ClaimsVision®
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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Views from the Inside: Virtualization and business continuity
Boston Business Journal
Today's businesses continuously strive to look for opportunities to increase cost efficiencies and to guarantee that critical applications are available to process business needs. For those organizations that have implemented a virtualized environment, these organizations have seen the vast improvements that this technology has brought to the data center and ultimately, to the bottom line.
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Companies in crisis still mostly ignore social media
Business News Daily
The majority of businesses are failing to use a valuable crisis communication tool, new research shows. A study by consulting and tax advisory firm PwC discovered that 57 percent of companies do not officially use social media as a crisis management resource.
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NLRB says employees can use your logo in social media posts about workplace issues
HR Morning
A heretofore overlooked National Labor Relations Board advice memo seems to widen employee leeway in discussing their workplace issues — to protection for posting work photos and even the use of their employer's logo. You've read about earlier NLRB rulings concerning employees' use of social media to discuss the "terms and conditions" of their jobs. But this is the first mention of workplace photographs and the use of brand identifiers.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Why emerging markets could sell off again (CNBC)
7 tips for creating a social workplace (Mashable)
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Firms pay 'marginal attention' to supply chain risk
Supply Management
Almost two thirds of companies only pay "marginal attention" to supply chain risk reduction, according to a survey by MIT. But 40 percent of businesses are investing in more advanced risk mitigation processes, enabling improved performance both operationally and financially. According to the study, conducted by the MIT Forum for Supply Chain and PwC, companies that pay little attention to risk reduction capabilities were categorized as "immature." They mitigate risk by either increasing capacity or strategically positioning additional inventory.
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Women still less likely to commit corporate fraud
PhysOrg
Women are less likely to take part in corporate crime and fraud even though more women now work in corporations and serve at higher levels of those organizations, according to a team of sociologists. The researchers examined a database of recent corporate frauds and found that women typically were not part of the conspiracy. When women did play a role, it was rarely a significant one.
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RiskWire
Colby Horton, Vice President of Publishing, 469.420.2601
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