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.
read more >>
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.
read more >>
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.
read more >>
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.
read more >>
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.
read more >>
Photo Gallery
'End of Summer Mixer' - August 21st, 2024
President's Message
Scott Ritto
President
Hello everyone,
I hope the first few months of 2024 have been great and I hope everyone has made it through all of the Atmospheric Rivers that have seemed to hit this year. 2024 has been a busy year so far with renewals, business in general, and a great deal of planning going into events that the Los Angeles Chapter of RIMS has arranged for the year. The first few events that have been planned have seen a noted decrease in attendance, and the Board is looking to determine how best to service the membership and deliver events that are meeting everyone's expectations. We understand that it can be difficult to get to various events and we would love any suggestions or thoughts that can assist us in providing content and networking opportunities to everyone. Are breakfast meetings or luncheons the most appropriate delivery of educational material or are more social events or meetings more worthwhile for the membership to attend? We are looking to mix educational opportunities and social networking opportunities throughout the year, but please do not be shy in providing us feedback that can help drive events throughout the year, as we really want to see as many people as we can attending.
I hope that everyone is preparing appropriately for RISKWORLD this year in beautiful San Diego. San Diego is always such a great venue for the conference and the weather will hopefully be beautiful. I am very much looking forward to the conference and having the opportunity to catch-up with colleagues from many facets of the Risk Management community and friends that we may not have the opportunity to see on a regular basis. It will be filled with many educational sessions, insurer meetings and networking opportunities being held by brokers, insurers and our various vendor partners. Let us know if you plan to attend and we will look to see if we can organize a meet-up event during the conference for LA RIMS membership attendees. We would love to see you there.
The LA RIMS Golf Tournament is quickly approaching as well and we have already sold out all of the playing spots. We have sponsorship opportunities available for anyone interested, and we look forward to putting on another wonderful tournament in 2024. It is always such a great time and we could not do it so well without the wonderful sponsors and partners that we have in our risk management community. We have such a wonderful base of professionals dedicated to risk management and promoting the profession that I love so much.
Please continue to monitor the website, look for email blasts, or contact any member of the Board to stay connected to what is going on and upcoming events. I am grateful to be able to lead such a great group of Board Members and a wonderful Chapter. Please make it a point to be a part of our successes in 2024 and beyond. I look forward to seeing everyone at our events this year, and please continue to stay safe and healthy.<
