LARIMS | Los Angeles Risk Insurance Management Society

Next Meeting

February 2nd, 2025
"LA RIMS Hike"

News Items

Key Elements of Effective Crisis Response
Whether from technical failures, natural disasters, civil unrest or many other causes, crises can strike at any time with little warning. To minimize disruptions and maintain organizational resilience when the worst happens, it is crucial to prepare ahead of time by developing robust and thoroughly rehearsed crisis management plans. Proper training, clear communication protocols, people accounting procedures, and nimble utilization of remote work and alternate sites will enable organizations to rapidly adapt and respond when faced with sudden threats of any type.
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The Business Case for ESG Risk Assessment
Risk and business continuity professionals undertake a serious responsibility ensuring businesses stay up and running in the event of innumerable internal and external disasters that could disrupt operations. To fulfill their responsibility to stakeholders, shareholders and customers, these professionals must carefully and comprehensively evaluate the full range of risks facing their businesses. To date, business continuity planning has codified approaches to navigating all kinds of disruptions, from product failures to supply chain breakdowns to economic volatility. But the risk environment is ever changing, and business continuity professionals should increase focus on environmental, social and governance (ESG) risks.
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Five Questions Every Risk Manager Should Ask Before Obtaining a Surety Bond
It is a request many risk professionals dread hearing: "We need a surety bond." Insurance professionals on the receiving end of this request know the drill: The client is entering into a business arrangement and the negotiations are winding down. Everything is coming together until the end when it comes to the agent's attention that a surety bond is needed to complete the deal and they are unsure how to proceed.
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New NAAIA Report Focuses on Next Steps for DEI in the Insurance Industry
As Black History Month kicks off, February presents a great opportunity to not only celebrate the history and accomplishments of African Americans, but also to meaningfully assess and advance diversity, equity and inclusion measures with the goal of ensuring lasting change rather than lip service. To that end, the National African American Insurance Association (NAAIA) recently updated its research on its members’ experiences and challenges in the insurance industry, releasing the new study The Next Steps on the Journey: Has Anything Changed? The new research updates NAAIA’s 2018 report The Journey of African American Insurance Professionals, evaluating what progress has or has not been made over the past five years, particularly given the increasing focus on DEI programs and, specifically, many companies’ discussions of DEI efforts after the murder of George Floyd brought the Black Lives Matter movement to the fore.
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Photo Gallery

'Holiday Party' - December 5th, 2024

President's Message

Cristian Iglesias
President

Dear LA RIMS Members,

Happy New Year! As we step into 2025, I am thrilled to reflect on the incredible successes we shared in 2024 and look forward to an even more impactful year ahead. Your participation, enthusiasm, and support have truly made LA RIMS a thriving community for risk management professionals.

2024 was a great year for our chapter. Our signature events--the Golf Tournament, Summer Mixer, and Holiday Party--were not only well-attended but also celebrated as opportunities to strengthen our professional and personal connections. These events continue to embody the spirit of collaboration and camaraderie that defines LA RIMS.

Beyond these highlights, our commitment to professional development remained strong. We hosted engaging educational events, like our Sports and Entertainment Risk Manager Panel and dynamic Risk Manager Roundtables that provided invaluable insights and fostered meaningful discussions. These programs underscore our dedication to equipping members with the tools and knowledge to navigate the evolving landscape of risk management.

We also ventured outdoors with our hikes and biking events, expanding our reach through networking events in collaboration with Rising Risk Professionals (RRP) and HIRMA. These activities have reinforced the importance of building connections in diverse and enriching settings, adding a fresh dimension to our chapter's programming.

I want to take a moment to extend my sincere gratitude to Scott Ritto for his outstanding leadership and countless contributions over the last few years as chapter president. Scott's dedication has been instrumental in guiding the LA RIMS chapter, and we are deeply appreciative of his efforts.

Additionally, I want to thank the LA RIMS Board of Directors for their unwavering support and hard work. Your commitment to our mission is the foundation of our success and I'm honored to serve with you. I'm also delighted to welcome our new board members, Deanna De Armas and Kathryn Christiansen from The Walt Disney Co. We are excited to have you join us and look forward to your valuable contributions.

As we move forward into 2025, we are excited to continue with great programming while exploring new opportunities to engage, educate, and inspire. Also, mark your calendars for upcoming events, including RISKWORLD 2025 in Chicago (May 4th-7th) and the Western Regional RIMS Conference in Santa Clara, CA (Oct.1st-3rd). These conferences promise to be exceptional opportunities for learning, networking, and professional growth.

Your involvement will be crucial in making this another successful year. The LA RIMS Chapter could not provide these quality events without the support of our Professional and Associate Members, through both the membership and event specific fees, and most importantly, through the generous sponsorship of our events. We couldn't do it without you!
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