Hot Topic Sessions

 

Hot Topic: Surviving the Next Superstorm: Lessons Learned From Sandy CLM208 (LCT) 

Monday, 1:30 PM - 2:45 PM 

Many businesses affected by Superstorm Sandy were challenged to quickly recover and resume operations. There were many businesses in areas with limited power, water, and/or transportation, or whose facilities had been compromised by wind or water damage. In addition, they needed to manage employee resource issues, quantify significant property damage and interruption losses, as well as determine whether and/or how to maintain their businesses and cash flow. There were many lessons learned from this event in relation to: 1) properly preparing property insurance claims to expedite and maximize recovery; 2) determining whether business interruption, contingent business interruption, contingent time-element, or other insurance coverage applied; 3) managing operations when employees could not commute to work or required assistance; and 4) maintaining operations when transportation, power, telecommunications, and physical infrastructure was constrained. During this session, attendees will have an opportunity to explore the lessons learned, the impact the event had on risk management practices and risk transfer opportunities, and the processes and procedures that should be considered and implemented to mitigate the impacts of a similar natural or human-caused event in the future.

Takeaways

  • Best practices in claim management and recovery following a highly destructive event
  • Best practices in business resiliency and maintaining competitiveness
  • Relevant market and risk management trends for 2013 and beyond 

Hot Topic: Implementation of the Strengthening Medicare and Repaying Taxpayers Act (SMART Act) RMG213 (CLM, INS) 

Monday, 3:45 PM - 5:00 PM 

While the industry applauds the 2012 passage of the SMART Act, work is far from done. Several issues remain relating to ultimate implementation of the legislation's reforms including questions regarding safe harbor, the appeals process, and penalties for noncompliance. Risk managers will play a vital role in expressing their thoughts on potential regulations that will arise through the implementation process. This session will engage attendees in a discussion of the many issues and questions still to come with SMART Act implementation and how they can get involved in that process.

Takeaways

  • Attendees will learn about the implementation process and regulatory next steps
  • Learn how risk managers can influence regulations related to the legislation's implementation 

Hot Topic: The Impact of Health Care Reform  INS204 (RMG)

Tuesday, 10:15 AM – 11:30 AM

Employers are scrambling to implement health care reform regulations by the end of 2013. At that point, employers must be fully compliant with the Affordable Coverage Act (aka "Obamacare"). But several aspects of the law are only now being defined by the Department of Health and Human Services, including the minimum essential benefits employers must cover, which employees must be covered, health care exchanges, etc. These legal changes will significantly impact the cost, structure and availability of workers compensation insurance and other employee benefits in the second half of 2013 and into 2014. This session will review key aspects of the ACA and how they will impact employee benefits and workers compensation insurance.

Takeaways

  • Gain an understanding of the complications involved in the act and the data underlying its impact
  • What risk managers can do to minimize their exposure and identify the employer advantages of this legislation

Hot Topic: When Your Worst Nightmare Becomes Reality–Addressing the Threat of Acts of Mass Violence  RMG214 (LCT) 

 
Tuesday, 2:15 PM - 3:30 PM

Acts of mass violence in the United States have dominated the headlines in recent months. Risk managers can no longer live under the premise that it will "never happen to us". As we have so recently, and unfortunately, learned, schools, universities, shopping malls, movie theaters or anywhere else people gather are all potential targets for acts of mass violence. It is a reality of today that risk managers must prepare as if their businesses could be the next target for such actions.

In this session, three risk managers representing universities, school systems and property management companies will discuss strategies for preparing for the unthinkable. The session is intended to be interactive with the audience, so come prepared with your questions and strategies on this complex and extremely important topic.

Takeaways

  • Learn strategies for reacting to a mass act of violence, should it ever happen to your organization
  • Share ideas for preventing such events from occurring 

 

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