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Dec. 3, 2013


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Key success factors for business continuity in manufacturing
ITWeb
Once seen primarily as a way to protect against IT and building failure in white-collar industries, business continuity management is fast becoming an essential tool for manufacturers. Manufacturing has become less vertically integrated, which reduces costs and improves margins, but raises the manufacturer's risk profile considerably, says Karen Humphris, business continuity management adviser at ContinuitySA.
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Employee perks: Larger companies adding health care clinics
New Haven Register
Employers slammed by double-digit health insurance increases want to control medical costs, while also keeping employees more efficient — no more need to take a half-day off for faraway appointments. A study by Mercer benefits consultants showed 15 percent of companies with 500 to 4,999 employees had workplace clinics in 2012, and 11 percent more planned to add them. The new emphasis on primary care at work supports the trend toward greater wellness rewards — and penalties — embedded in employee insurance plans.
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Fraudulence, hacking of social media brand accounts is on the rise
Dazeinfo
Social media has introduced numerous opportunities for brands to engage directly with customers on Facebook, Twitter, YouTube, Vine and Instagram. More than 79 percent of world-wide brands communicate their message or market their content in various rich media formats and connect directly with consumers like they had never done before. But risks come bundled with opportunities in this case.
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The upside of ERM
CFO Magazine
Ever since the financial crisis of 2008, when risk managers on Wall Street watched helplessly as their businesses melted down, increasing attention has been paid to enterprise risk management. Many companies have since launched new ERM programs or poured more resources into existing ones, prodded in part by increasing regulatory and rating-agency scrutiny of corporate risk management.
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Global supply chains increase complexity of supplier risk analysis
Supply Management
Almost 7 out of 10 business leaders believe supplier risk analysis will become more complex as they expand into new global markets. That's according to research by the Economist Intelligence Unit's report Strategies for managing customer and supplier risks, sponsored by Dun & Bradstreet. Two-thirds of the 395 respondents said adverse events associated with suppliers are becoming more frequent and severe.
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Among American workers, poll finds unprecedented anxiety about jobs, economy
The Washington Post
American workers are living with unprecedented economic anxiety, four years into a recovery that has left so many of them stuck in place. That anxiety is concentrated heavily among low-income workers. More than 6 in 10 workers in a recent Washington Post-Miller Center poll worry that they will lose their jobs to the economy, surpassing concerns in more than a dozen surveys dating to the 1970s.
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Changing the culture of rampant dissatisfaction in the workplace
Forbes
Americans are no strangers to labor and have a culture of few vacations and work rigorous schedules. At present, only 13 percent of employees in 142 countries studied can be considered engaged.

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Social media is moving up the risk register ... managers should be worried
Fourth Source
Social media is here to stay with some analysts predicting that by 2016 as many as 40 percent of enterprises will utilize social media as a customer service channel. So why should this worry risk managers?

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Executives need more resources, education to implement risk management
Inside Counsel
Risk management is not just about compliance. It's also about reducing costs and, more and more, is becoming a function of adding value to an organization.

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Catastrophe bond market reaches all-time high with 20 percent growth
Artemis
Global reinsurance firm Swiss Re says that 2013 will be the second strongest for catastrophe bond and insurance-linked securities issuance on record, helping the outstanding cat bond market grow by 20 percent this year to reach an all-time high. Earlier this year it looked as if 2013 would beat the record level of issuance seen in 2007, but the bumper Q4 cat bond pipeline has not materialized meaning 2013 is set to become the second strongest year in the markets history.
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Many European companies still lack crisis plan
The Holmes Report
The threat of a crisis remains one of the top concerns keeping business decision-makers up at night, according to research from Burson-Marsteller. However, while three-quarters of business decision makers believe a crisis plan would benefit their company, only 51 percent of companies have one. The research, undertaken by Penn Schoen Berland, also showed that of those with a plan only 1 in 3 is confident that it would be satisfactory in the event of a crisis.
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Reflections on strategic risk
Business 2 Community
Surveys say people are paying more attention to so-called "strategic risk." The latest from Deloitte, called Risk Angles, says, "Strategic risk is not new; however, in a world where risks are hastened along by business trends and technological innovations, strategic risk management has taken on new urgency."
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Beyond insurance: Protecting business and personal assets
(By David B. Mandell, JD, MBA, and Jason M. O'Dell, MS, CWM)
Here's what a wage-and-hour lawsuit will cost you (HR Morning)
Obesity drives up workers' comp claims (BenefitsPro)
OSHA proposes new rule to improve tracking of workplace injuries (Claims Journal)

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Colby Horton, Vice President of Publishing, 469.420.2601
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