Increasing the Impact of Risk Management with your Organization (Presented by: Advisen Ltd.)
Leading risk managers are delivering compelling insight to executives and board members regarding their organizations’ risk portfolio and the financial implications of their combined risk transfer, risk retention and risk mitigation program. Attend this session to learn how the nation’s top risk managers deliver compelling Executive Management information. Session available in the Tri-State area (NY, NJ, CT)
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! What Every Risk Manager Needs to Know About Data Security (Presented by: Anderson Kill & Olick, P.C.)
Data security breaches continue to dominate the headlines, with more and more businesses, governmental authorities and other organizations falling victim. Now news comes that data breaches are actually under-reported. Thus, the problem is even worse than currently thought. To equip risk management professionals for this ever-growing threat, this session will examine key measures that businesses must take to protect themselves and comply with the law, including how risk managers can better work with their IT departments and in-house counsel, how best to deal with a data breach, and providing an overview of the types of losses that a serious breach will entail so that risk managers can make more informed assessments of this peril and adjust their risk management strategies and insurance purchases accordingly.
NEW! Assembling a Dream Team to Maximize Insurance Coverage? (Presented by: Anderson Kill & Olick, P.C.)
This session will explore the ways in which risk managers and in-house and outside legal counsel can work together to provide the best possible service to corporations and other institutions in the procurement of insurance and the pursuit of recoveries on claims. Specific topics to be covered include:
• Best practices for the pursuit of insurance recoveries
• assembling the right team
• the importance of effective communication between risk management and legal
• strategies for using the “good cop” (risk management) and “bad cop” (legal) to bring claims to successful resolution
• Ways in which legal can assist with renewals
• analysis of key policy provisions
• Compliance with disclosure requirements
Sessions available to all RIMS Chapter (including Mexico & Canada).
NEW! Ten Tips for Getting Claims Paid (Presented by: Anderson Kill & Olick, P.C.)
Getting claims paid is often difficult. Unfortunately, the larger the claim, the more difficult it is to get the claim paid. This session will provide risk managers and in-house counsel with a host of practical tips for keeping the claims process moving, minimizing resistance, and maximizing coverage. These are not your father's insurance tips. They include factoring such considerations as the solvency of your various insurers, the value of getting paid fast, forum sensitivity, and getting the right people on the other side of the negotiating table.Sessions available to all RIMS Chapter (including Mexico & Canada).
NEW! M&A Pre-Nup: Insurance Due Diligence (Presented by: Anderson Kill & Olick, P.C.)
Shareholder litigation has become an almost obligatory feature of mergers & acquisitions. Cornerstone Research reports that in 2011 96% of deals valued over $500 million and 85% of deals valued between $100--500 million attracted litigation -- an average of over 4 suits each. The near-certainty of litigation in the wake of M&A highlights the imperative for risk managers to conduct effective due diligence on a prospective acquisition's [or buyer's?] historic insurance assets and potential liabilities or losses. In this session, risk managers will learn how to assess a target company's liability risks and evaluate any potential insurance shortfall. A risk manager will address real life examples of what worked well and what didn’t in performing M&A due diligence. (Source for Cornerstone figures: D&O Diary 5/1/12)Sessions available to all RIMS Chapter (including Mexico & Canada).
Determining Injury Causation: Biomechanical Engineering for the Risk Manager (Presented by: ARCCA)
Risk Professionals deal with bodily injury claims every day resulting from vehicle collisions, slips & falls, product use and industrial accidents. In some cases, the description of loss does not account for the claimed injuries. This session takes a biomechanical analysis of events and injuries to determine whether there was an injury mechanism present that could have caused the claimed injuries. Sessions available to All RIMS US Chapters (including Hawaii & Alaska).
Captive Insurance Defined (Presented by: Bermuda Insurance Development Council)
Learn all one needs to know about Captive Insurance, Protected Cell Companies (PPC) and related programs designed to manage retained risk.
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! Business Interruption Boundaries (Presented by: Dempsey Partners)
What are the limitations of the business interruption contract, and how can you maximize opportunities for recovery within the four corners of the policy? This program can be tailored to the level of experience expected in the audience. A team of Dempsey Partners
Experienced claims preparations experts will focus on either the basics of the
business interruption contract, or on more complex ideas and recent examples…or both.
• Circumstance and cause limitations --‐ what triggers business interruption cover?
• Understanding the measurement formulas in the policy.
• Opportunities and limitations of the various business interruption coverage
• Grey areas to negotiate--‐recent examples of disputes, and how they were successfully resolved, including:
o The Attraction Properties clause
o Calculation and negotiation of a 3 day waiting period or 3% deductible
o Residual value –getting to a fair resolution
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 Chapters in the 48 contingent states). This session is available in Spanish.
NEW! Business Interruption Rising (Presented by: Ernst & Young)
In a world, where disaster strikes, without warning – with no mercy – how companies arm themselves to recover from catastrophic loss is at the forefront. With the recent global disasters – Superstorm Sandy, Japan, Thailand, the Midwest United States – the already complex concept of business interruption insurance is rising in the minds of global corporations. This session will combine a group of seasoned risk managers and the authors of The Business Interruption Book 2nd Edition to explore the ever-increasing complexities of business interruption, contingent business interruption and how recent world events are shaping how policyholders and insurers look at business interruption coverage and claims. Sessions available to all RIMS Chapters in the 48 contingent states.
Disaster Preparation and Business (Presented by: Ernst & Young)
Recent catastrophic events around the world have highlighted the critical nature of planning for and executing after catastrophic events. Companies that prepare and react effectively during times of crisis to protect key resources, restore operations and recover financially will have an advantage over their peers. This session combines the experience of professionals dedicated to assisting companies with disaster recovery and claims along with results from E&Y’s 2011 Catastrophic Claims Survey to provide practical insight into how companies around the world are preparing for and responding to catastrophic loss. Sessions available to all RIMS Chapters in the 48 contingent states.
NEW! Business Continuity and Catastrophic Event: What Your Peers are Saying (Presented by: Ernst & Young)
Recent catastrophic events around the world have highlighted the critical nature of planning for and executing after catastrophic events. Companies that prepare and react effectively during times of crisis to protect key resources, restore operations and recover financially will have an advantage over their peers. This session combines the experience of professionals dedicated to assisting companies with disaster recovery and claims along with results from E&Y’s Catastrophic Claims Survey to provide practical insight into how companies around the world are preparing for and responding to catastrophic loss. Sessions available to all RIMS Chapters in the 48 contingent states.
Supply Chain Risk and the World Economy (Presented by: Ernst & Young)
As companies grow, acquire and move toward more complex, global supply chains, the risk that they acquire or create grows and changes as well. Without proper identification of supply chain complexities, companies could improperly identify and measure their risk and either overpay premiums or, worse, underinsure the risks they face. Learn to identify risk factors, contingencies and interdependencies and measure those risks. Recent global shed a spotlight on the risk that a global economy and global supply chain can have on business and the insurance industry. Sessions available to all RIMS Chapters in the 48 contingent states.
Medicare's Interests - The Basics to Consider When Settling (Presented by: Gitter & Associates)
The title tells the story, this presentation is aimed at educating people to understand the interests of Medicare as it relates to the settlement of Workers’ Compensation claims. Sessions available to All RIMS US Chapters (including Hawaii & Alaska).
What is Subrogation and Why is it Important? (Presented by: Gitter & Associates)
This presentation is designed to draw attention to the importance of pursuing subrogation recoveries on Workers’ Compensation claims. This session also provides attendees detailed information about what attendees need to know about how to pursue subrogation recoveries. Sessions available to All RIMS US Chapters (including Hawaii & Alaska).
Workers’ Compensation Large Loss and Catastrophic Claims Settlement (Presented by: Gitter & Associates)
This presentation focuses on the components, valuation and negotiation techniques that can be employed to bring resolution to workers’ compensation cases. The discussion includes the various aspects of a case including indemnity, medical, non-medical items as well as a brief discussion and history of Medicare Set-Asides. Various strategies are outlined and approaches/methodologies for resolving ongoing high exposure claims.
Sessions available to All RIMS US Chapters (including Hawaii & Alaska).
*However, it is not recommended for Minnesota, New Hampshire, Nevada, Washington (state), Montana, Oregon, Texas or South Dakota as they do not allow for the settlement of future medical claims.
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.
Explaining the Scale of Sophistication in Litigation Management (Presented by: Legal Solutions Group)
Litigation management, including its related cousins of legal spend and cost control, is not a new phenomenon. They have been around in various guises, especially in the insurance market, for well over a decade – but it’s evolving rapidly in the economic downturn. With the advent of universally applied invoice or billing formats such as LEDES, the “science” of litigation management has evolved.
Demonstrable performance data shows that use of technology in litigation/legal spend management generates an economically-sound business case. We’ll outline the stages of evolution, and have attendees reflect on where their organization stands.
Three specific areas to be covered
· Background on advances in litigation management, such as LEDES universal billing codes
· Defining the stages of complexity in litigation management
· Areas where technology can assist in litigation and legal spend management
The takeaways from the discussion are that the science of litigation management is more than just e-billing. Also that technology can play a useful role in helping the claims handler, or other professional, manage their litigation and legal expenses. Finally, this presentation will outline for risk professionals the stages of increasing complexity in litigation management, as well as the financial and behavioral benefits of adopting a more sophisticated strategy towards litigation management. Sessions available to all RIMS Chapters in the 48 contingent states.
Mitigating Risk in D&O and E&O Claims (Tracking Self Insured Retention) (Presented by: Legal Solutions Group)
There’s been a trend in the industry towards larger SIR's (self-insured retentions) and policy deductibles. By increasing an SIR or Retention limit, premiums can be negotiated downward by the insured. The flip side of reduced premiums is increased responsibility on the part of the insured for settling (in the case of SIR) or contributing towards claims costs (in the case of Retention). This change has manifested itself into an increased focus and attention to detail on the exhaustion or erosion of the SIR. A growing and worrying trend is beginning to emerge related to claims for coverage, where the SIR be fully and properly demonstrated as completely eroded. Effectively, coverages are being disputed where it cannot be proven that full erosion or exhaustion of the SIR is proved. Several cases can be cited, with a proportion spawning fresh E&O claims for claims mishandling or alleged lack of meeting fiduciary duty amongst the most common.
Three specific areas to be covered
· Issues in proving proper erosion of a deductible layer, and the risks of not doing so
· Ways of proving erosion through transparency
· Other ways in which technology can be used to support litigation management efforts
The takeaways from the discussion are that there are a number of avenues and strategies to avoid the kinds of dangers inherent in deductible and self-insured retention agreements through creating transparency and showing demonstrable proof that fiduciary obligations have been met. Sessions available to all RIMS Chapters in the 48 contingent states.
NEW! Crime Coverage: Must Knows & Lessons Learned (Presented by: ReedSmith)
Losses due to employee and counterparty fraud can be significant. This program outlines the types of fraud losses covered under crime policies or financial institution bonds, including computer crimes, as well as lessons learned in pursuing claims (including drafting proofs of loss, the insurer’s investigation and claim resolution). Sessions available to all RIMS Chapters in the 48 contingent states.
NEW! Procuring and Preserving Coverage for Investigative Costs (Presented by: ReedSmith)
With government investigations on the rise, where should a company look to secure coverage for the costs involved in defending against an informal or formal government inquiry? This program will discuss the steps that companies can take both before and after an investigation is commenced to maximize recovery for defense costs and any civil or criminal lawsuits which may follow.Sessions available to all RIMS Chapters in the 48 contingent states.
NEW! Maximizing Your Non-Litigation Recovery in First-Party Claims (Presented by: ReedSmith)
As insurers become ever more reluctant to pay first-party claims, and ever more creative in finding ways to delay payment, reduce payment, or deny coverage, policyholders have at their disposal various tactics and techniques for forcing the insurer to make interim payments, prevent delay tactics from succeeding, and forcing insurers to pay what they owe, all without litigation. This session will discuss these tactics and techniques and how best to utilize them to combat delay in payment.Sessions available to all RIMS Chapters in the 48 contingent states.
NEW! Personal Injury Insurance and Business Torts: An Untapped Resource? (Presented by: ReedSmith)
Policyholders faced with claims by competitors, consumers and even the government may be entitled to coverage under the “Personal Injury” section of their liability insurance, but are often not aware of just how broad that form of coverage may be. This program will explain the insurance coverage potentially available for offenses such as unfair competition, trademark infringement and malicious prosecution.Sessions available to all RIMS Chapters in the 48 contingent states.
RISK PAC-A Risk Management Tool for Risk Managers (Presented by: Risk and Insurance Management Society)
One of RIMS most exciting new initiatives for 2011 is the creation of RISK PAC, a political action committee created for the purpose of advancing the discipline of risk management through public policy. This session will provide information on political action committees in general, the purpose and necessity of having an effective political action committee, and background on RIMS decision to create RISK PAC. Members will also learn about the structure of RISK PAC and how the PAC fits into RIMS goals going forward. This session is available only to Chapters within the 48 contiguous states.
NEW – (available by Webinar) Delivering Value through RIMS Risk Maturity Model for Enterprise Risk Management
If Enterprise Risk Management is the weapon for advancing your organization’s odds of success, make the RIMS Risk Maturity Model (RMM) part of your plan of attack. RIMS RMM applies to all types of organizations and industries across the risk spectrum. For both veteran risk professionals and novices, RIMS RMM is an indispensable tool that can provide a game plan for program development and enhancement.
This presentation provides an introduction to the RMM and how your organization can use it once completed.
· Carol Fox, ARM, is director of strategic and enterprise risk practice for RIMS
· Steve Minsky, MBA, MA, developed the RIMS RMM and is CEO of Logic Manager, Inc. a leading provider of ERM infrastructure solutions.
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).
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).
Business Interruption Values & Exposures: Quantifying and Communicating your BI Risk (Presented by: RWH Myers)
This session reviews the basics of BI worksheets, including what information they are meant to convey and why they may not accurately represent your organization's risk. We will also discuss the challenges in allocating BI values by physical location and compiling consistent and accurate reporting from different divisions / business units. Finally, this session will discuss the benefits to performing a study of BI exposures vs. the annual, consolidated value and highlight the concepts of and methodology of an exposure study. Sessions available to all RIMS Chapter in the 48 contingent states.
Effective Construction Auditing for Property Damage Claims (Presented by: RWH Myers)
The construction auditor bridges the considerable gap between construction and accounting functions by recognizing and preventing risks at every stage of the project, from inception to completion. Construction audits can mitigate the risk that billing issues excluded from an insurance recovery leave the risk manager with an uninsured cost of rebuilding damaged property. Sessions available to all RIMS Chapter in the 48 contingent states.
NEW! Business Interruption Insurance and Claims: A Best Practices Guide for Risk Managers (Presented by: RWH Myers)
Description - This session discusses business interruption insurance and the keys to preparing a BI claim and navigating the adjustment process. Sessions available to all RIMS Chapter in the 48 contingent states.
All PERK Sessions should be requested at least four weeks before the meeting is scheduled to take place. For special arrangements please email PERK@RIMS.org.