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Oct. 8, 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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Implicit and explicit risk management
Dr. David Hillson
Have you ever been asked, "How risky is your project?" Most project managers find it hard to answer this question. Your risk register lists all the risks you've identified, and these are prioritized for attention and action, with responses and owners allocated to each risk. But how can a list of risks answer the "how risky" question? We need a different concept to describe the overall risk exposure of a project, which is different from the individual risks that need to be managed.
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Managing crop risks
Stock & Land
With farmers reeling from multi-million dollar losses incurred during the collapse of Mid West Milling and Convector Grain this year, there is a strong focus on risk management in the grain sector at present. The director of a South Australian-based agricultural consulting business has said farmers can lessen their exposure to risk through a suite of risk management tools.
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For insurers, climate risk is becoming a matter of policy
GreenBiz
Let's suspend any putative "debate" over climate change and simply look at the reality of today's weather: it's changing, and not for the better. There have been, and will continue to be, more severe storms, floods, droughts, hurricanes and wildfires. In short, and from a business perspective: more costly disruption.
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Bonds that pay out when catastrophe strikes are rising in popularity
The Economist
After Superstorm Sandy flooded parts of the New York City subway late last year, insurers balked at underwriting the risks associated with future water surges. So the city tapped nearby Wall Street instead. Investors such as hedge funds and endowments paid $200m to buy a "catastrophe bond" issued by New York's transit authorities. In the event that flooding in the next three years reaches Sandy-style levels, that money will go to pay for the damage. If there is no repeat, the investors will get their principal back and pocket hefty interest payments as their return.
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Navigating the perils of re-boarding
Human Resource Executive Online
They were terminated, they were gone, but now they're back. When employees are reinstated after filing a wrongful-termination claim, HR professionals are faced with some challenges that require careful navigation.

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Absenteeism: A no-nonsense approach to a chronic problem
HR Morning
It is rule No. 1 in the workplace: Employees need to show up to do their jobs. In today's "do-more-with-less" culture, however, absenteeism is a growing concern for many companies.

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An aging workforce creates new workplace injury issues
Manufacturing.net
The median age of the labor force is anticipated to increase rapidly, with one-third of the U.S. labor force turning 55 by 2015. This may have far-reaching implications on the number and type of work-related injuries experienced.

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Company reputation No. 1 strategic risk for large companies
Hotel News Resource
Company reputation and the fallout from reputational damage are the No. 1 strategic risk for large companies, according to a global survey released by Deloitte. Overall, progress on strategic risk management is evident, though most executives admit that their programs do not support their business strategy well enough.
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Is there a RAT in your supply chain?
Supply Chain Management
Probably not at the moment, but there should be. RAT (Risk-Assessed Total cost of ownership) should be modeled when sourcing "time critical" goods and services, if long-term benefits are to be maximized. As buyers, how often are we pressed to make short-term savings and ignore the longer-term impact of those actions? Not that short-term savings aren't important. In austere times they can make the difference between survival and insolvency. But to only consider short-term savings protects neither current sources of supply nor longer-term supply market competitiveness.
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Security management meets GRC
ITWeb
In the past, companies secured their assets by building walls to keep intruders out. Today, criminals have learned how to scale these walls and infiltrate the organization from the inside, which means businesses need to rethink their security strategies. This new threat landscape means the security industry should start thinking differently about how customers can protect themselves against cyber threats.
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Managing risk for development: From crisis fighting to systematic risk management
The World Bank
In recent years, the world has faced multiple risks that have both disrupted the global economy and threatened lives, assets, and social cohesion in many countries. The latest World Development Report, Risk and Opportunity: Managing Risk for Development, analyzes risk at many levels and forms and is rich with examples, ranging from job loss and disease to financial crises and natural disasters — often highlighting the costly consequences of mismanaged risk.
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IMF cuts growth forecast for emerging world
CNBC
The International Monetary Fund recently sliced its growth expectations for emerging countries on, but maintained its forecast for advanced economies. In its latest world outlook report, the IMF predicted emerging countries would average growth of 4.5 percent year-on-year in 2013, down from an estimate of 5.0 percent growth three months earlier. It also cut its outlook for emerging world growth in 2014, to 5.1 percent. Meanwhile, the international body held its growth estimate for developed countries at 1.2 percent in 2013 and 2.0 percent in 2014.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    An aging workforce creates new workplace injury issues (Manufacturing.net)
Cyber-security considered a serious issue for businesses (eWeek)
Intellectual property rights matter (Forbes)
What the IPCC's new report means to business (GreenBiz)
The risks associated with social media marketing (Business 2 Community)

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


 

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