Managing Property Valuation Issues in Today's Insurance Market (Presented by: American Appraisal)
This session will discuss a best practice property appraisal process from review of current values to the commissioning and receipt of the valuation consulting report. You will learn about the insurance market forces that are driving the demand for supportable values; how to conduct your own initial diagnostic review of your current property values; and the use of appropriate selection criteria for valuation consultants. The session will also highlight the optional levels of service appropriate for valuing properties in both public and private entities, and the structuring of an affordable appraisal program over a numbers of years. (Note that the session would be customized to address construction and equipment cost trends specific to the particular chapter, and all data would be updated to the most current available.) Sessions available to All RIMS US Chapters in the 48 contiguous states as well as Canada. This session is available in French.
NEW! @SmartRiskManager: “How can I avoid risk management disasters arising out of the use of Twitter and other social media? #risk mitigation #protocols #procedures #employees” (Presented by: Anderson Kill & Olick, P.C.)
Each year social media networks such as Twitter and Facebook are becoming increasingly woven into our culture, including the use of such social media in the workplace. Increased business and personal use of social media brings with it increasing risks associated with the use of social media by both your organization as well as your employees.
Our panel experts will discuss many risks associated with your company’s official business use of social media, as well as your employees’ personal use, and offer pragmatic and effective solutions for identifying, avoiding and mitigating such risks. Sessions available to all RIMS Chapter (including Mexico & Canada).
NEW! "Environmental” Insurance: It’s Everywhere” (Presented by: Anderson Kill & Olick, P.C.)
Those facing “environmental” risks need to make the right choices when it comes to placing coverage. An array of new environmental insurance products exist to address emerging issues such as Green Buildings and climate change or to manage cleanups, facilitate Brownfield transactions and reassure property buyers and sellers, including government stakeholders. Contractors of all stripes also can now obtain broad coverage for professional liabilities involving the environment. Energy, petroleum, electronics and real estate business sectors can all benefit from a better understanding of how to manage emerging environmental risks. Sessions available to all RIMS Chapter (including Mexico & Canada).
NEW! Performance Review: Is Your Insurance Coverage For Employment-Related Claims Working To Its Potential? (Presented by: Anderson Kill & Olick, P.C.)
Although employers frequently face claims arising out of employment practices and employee dishonesty, such claims tend to increase following an economic downturn and not only carry with the possibility of large settlements or awards, but also increasingly high defense costs. This session provides policyholders from small businesses to multi-national corporate employers with proven strategies for maximizing available insurance coverage for employment-practices related claims as well as for claims involving employee fidelity claims. This presentation covers both the fundamentals of standard Employment Practices Liability Insurance (EPLI) and employee dishonesty policies and the claims that many employers do not realize are covered under such policies, as well as more in-depth nuances of successfully obtaining coverage from the application process through the settlement or resolution of claims. Sessions available to all RIMS Chapter (including Mexico & Canada).
NEW! What Every Insurance Professional Should Know About Insurance Coverage (Presented by: Anderson Kill & Olick, P.C.)
Most insurance professionals know in some detail the types of coverage their companies or clients need and various formulae for determining how much coverage to buy. What's all too often not so widely recognized are the types of policy provisions that often spell the difference between coverage and no coverage; the types and degrees of persistence required to get a claim processed and paid in full; and the lengths an insurance company will typically go to wear a policyholder down and force it to accept either half-a-loaf or no bread. This session will walk a risk manager and broker through the minefield, detailing key issues of policy language and effective claims handling techniques from loss valuation to short-circuiting insurance company delays to insisting on partial payment when the loss amount is in dispute. Sessions available to all RIMS Chapter (including Mexico & Canada).
NEW! Medicare Set-Asides, Section 111, and Conditional Payments (Presented by: Carr Allison)
This course will be an advanced discussion and exploration of the purpose of Section 111 of the Medicare, Medicaid, SCHIP Extension Act of 2007 (MMSEA) 42 U.S.C. 1395(y), Medicare Set-Asides, and Conditional Payments as they apply to insurance companies and their adjusters. Section 111 of the act compels mandatory reporting to Medicare by both Group Health Plans (GHP) and Non-Group Health Plans (NGHP). The main objective of this course is to insure that the adjusters fully understand Medicare Set-Asides, Conditional Payments, and the purpose of Section 111, including its provisions, notification requirements, the reporting timeline, and the penalties that will result from noncompliance with this law. Sessions available to all chapters (including Mexico & Canada).
NEW! Aftershock: Property and Business Interruption (BI) Claims Issues in the Aftermath of Historic 2011 Catastrophes (Presented by: Dempsey Partners)
Dempsey Partners will share their perspective on the challenges - and opportunities - arising from the myriad of issues that continually arise in the aftermath of catastrophe claims. Many claim settlements are slowed down and disputes often arise over the following areas which will be discussed:
-
definition and tiers for suppliers and customers on contingent BI claims
-
service interruption and resulting rolling black-outs
-
commodity cost increases
-
local international policies and global master policies and how they relate (or not)
-
loss of market exclusion
-
intertwining of perils that often occur together such as tsunami and EQ or hurricane and flood, and how various deductibles and sublimits are applied. Sessions available to all RIMS Chapter (including Mexico & Canada). This session is available in Spanish.
Crime Pays: Recovering Employee Dishonesty Claims (Presented by: Dempsey Partners)
An organized crime investigator and a forensic accountant discuss strategies to maximize recovery of employee dishonesty claims, including:
-
tips for a productive investigation, coverage and legal pitfalls to be avoided
-
properly documenting liability and damages
-
working with law enforcement and negotiating a successful settlement with your bond carrier Sessions available to all RIMS Chapter (including Mexico & Canada). This session is available in Spanish.
Property Insurance Program Potholes (Presented by: Dempsey Partners)
Property insurance policies are very complex documents. When putting together programs and policies to cover an organization’s physical assets and resulting time element losses, there are common “potholes” in these contracts that risk managers need to be aware of. Many of these can be eliminated with thorough negotiation, communication and documentation of the coverage terms and conditions. This program will help risk managers identify, avoid and fix the common potholes and minimize surprises in the event of a loss. Sessions available to all RIMS Chapter (including Mexico & Canada). This session is available in Spanish.
Supply Chain Risk Quantification (Presented by: Dempsey Partners)
In 2011, corporations are more vulnerable than ever to disruptions in the supply chain of the goods and services they manufacture and provide. Risk managers need better tools and analytics to assess these potential increased risks. Dempsey Partners offers practical advice for exactly how to quantify the risks associated with a disruption in an organization’s supply chain regardless of the reason – natural catastrophe, bankruptcy, labor dispute, political unrest, transportation blockage, product recall, pandemic or any other cause. Regardless of the event, risk managers can benefit from tips on how to quantify the actual financial exposure to those risks Sessions available to all RIMS Chapter (including Mexico & Canada). This session is available in Spanish.
Business Continuity Management for Risk Managers (Presented by: DRI International)
This program provides risk managers and professionals with a better understanding of the issues surrounding Business Continuity Management (BCM) and a starting point for understanding how BCM relates to Risk Management in general. The regulatory landscape, the business continuity continuum and context with enterprise risk management are highlighted and evaluated using real world examples. Sessions available to all RIMS Chapter (including Mexico & Canada). This session is available in Spanish.
Natural Catastrophe Management Lessons from Recent Hurricanes and Earthquakes (Presented by: Global Risk Consultants)
First hand lessons learned from recent disasters that caused significant property and business interruption loss to businesses and industries, including earthquakes in Italy, Japan, China, Mexico and Chile, and hurricanes along the Gulf Coast of the United States. In addition, a proactive approach to catastrophe risk management, related successes and failures, and natural hazards software applications and limitations will be discussed. Sessions available to all RIMS chapters including Mexico and Canada.
Privacy and Risk Management (Presented by: Identity Theft 911)
The privacy and data risk management Professional Development course focuses on providing a general knowledge of identity theft and data breach, state and federal legislation, compliance programs, managing the crisis, and then controlling the damages once the breach takes place. Data breach facts will be reviewed and specific examples of the most recent breaches that have taken place will be detailed with emphasis on prevention and mitigation of the damages. Cyber risk and privacy insurance analysis will be reviewed. Our sessions will be available to all Chapters in the 48 contingent United States and all Chapters in Canada.
Determining Appropriate Retentions (Presented by: Integro)
Organizations with large self-insured retentions and captive insurers have to face off a tradeoff when determining the appropriate retention level: by increasing their retention, their re/insurance costs will decrease, but the required capital in their captives/self-insurance program will increase. The presentation will introduce a very practical approach that determines an appropriate retention based on the price of insurance as well as the parent company’s cost of capital. The presentation will define the cost of capital and offer a simple method to calculate the appropriate retention. Sessions available to all RIMS Chapters in the 48 contingent states, as well as Canada.
ERM: Using Realistic Disaster Scenarios (Presented by: Integro)
As an organization’s ERM program matures, it tends to become more granular and complex. By quantifying the impact of specific realistic disaster scenarios (RDS), risk managers can effectively communicate ERM results throughout the organization. The presentation will offer a case study and give practical tools to develop and quantify RDS. Sessions available to all RIMS Chapters in the 48 contingent states, as well as Canada.
How To Monitor Your Insurance Company’s Financial Strength (Presented by: Integro)
Some organizations have re-examined their reliance on rating agencies to determine the safety of their insurance contracts. This presentation describes some simple ways to examine the financial strength of an insurer based on its publicly-available statutory annual reports. The presentation will be handed out for attendees’ future use as a reference document. Sessions available to all RIMS Chapters in the 48 contingent states, as well as Canada.
Infectious Communication - Change the Culture of Your Organization: Embrace Facebook and Linked In-style technology to manage your risks (Presented by: Riskonnect)
Apply social media technology to better communicate within your organization. Enable your Risk Management Information System (RMIS) to become a convergence of communication. Finally Risk, Safety, Finance, HR, and Operations can collaborate in real time, in a secure environment using new technologies. Explore how Facebook-style and Linked In-style technology FOR business, WITHIN business, can be a huge BENEFIT to your business. We will use real use-cases to demonstrate innovative, game-changing technology. Sessions available to all RIMS Chapter (including Mexico & Canada).
NEW! RMIS Nirvana - Engage Your Entire Organization Anywhere, Anytime (Presented by: Riskonnect)
New technologies enable risk professionals to have the information they need at their fingertips - in real-time, anywhere and anytime. Through innovations in risk technology, your RMIS can be the backbone of your risk-related processes and decision-making. See workflow, approval processes, escalations, business intelligence and email services connecting information from multiple system sources and multiple people groups - all on one platform and accessible in your pocket. Sessions available to all RIMS Chapter (including Mexico & Canada).
Work Smarter, Not Harder: Risk Management, Safety Workflow and Business Rules (Presented by: Riskonnect)
In this presentation we will discuss and demonstrate specific, real-world examples of how risk management executives of global, brand name organizations are implementing new and innovative methods of managing losses and controlling costs. Participants will observe technology and functionality that risk managers are using to impact costs through risk transfer, claims management and risk financing. Sessions available to all RIMS Chapter (including Mexico & Canada).
How Surety Fits into Your ERM Strategy (Presented by: Rosenberg & Parker)
Learn how to make ERM seamless in your organization and discover the tools other organizations are using to implement ERM and uncover the new trends. Sessions available to all RIMS Chapter (including Mexico & Canada).
Surety, Wine & Cheese (Presented by: Rosenberg & Parker)
What do surety, wine & cheese have in common? Rosenberg & Parker! Rosenberg & Parker will provide your RIMS chapter with a wine & cheese tasting as well as a fun educational class on cheese. A great session for a chapter’s holiday party or for special events, Surety, Wine & Cheese can be offered on its own, or paired either with one of our other surety bond presentations or on a surety topic specifically tailored to your chapter’s needs. Chapters are responsible for the cost of the wine & cheese. Sessions available to all RIMS Chapter (including Mexico & Canada).
Surety: Real Stories from the Streets (Presented by: Rosenberg & Parker)
Hear real stories of challenging situations as seen by a surety broker who has spent many years in the trenches. This session will equip risk managers with the tools that they need to better manage their companies’ surety programs. Sessions available to all RIMS Chapter (including Mexico & Canada).