Whether it was natural disasters, cyberattacks, corporate crises, political uncertainty or terrorist activity, risk events made high-profile and often sobering headlines in 2017. Although by no means exhaustive, the following review of the year in risk can help risk professionals learn from the past so that they can better prepare for future threats.
A devastating hurricane season left catastrophic damage across the Atlantic basin, with the most severe storms in more than a decade striking the Caribbean and southern United States in close succession. While the year is not yet over, 2017 is already one of the most expensive in history for natural disasters. Risk Management spoke with individuals from across the risk and insurance community who were involved in the season’s three major Atlantic hurricanes—Harvey, Irma and Maria—to discuss their first-hand experience weathering the storms, managing disaster response and recovering in their wake.
It's hard to conceive of a dark side to giving holiday gifts to friends and loved ones.
But unusual risks associated with three popular types of gifts could make normally happy moments turn sad.
From Property Casualty 360
November 21, 2017
When it comes to shopping at retailers that have suffered a data breach, 75% of Americans say they would be more skeptical about shopping there during the holidays according to a new survey from Generali Global Assistance (GGA).
While 91% of Americans expect to engage in some form of holiday shopping, the majority don’t believe that retailers can adequately protect their personal information.
From Insurance Journal
November 20, 2017
Jaime Rosario Del Real, 61, and son Israel Del Real, 37, have both pleaded guilty to four felony counts for their role in a $400,000 insurance fraud scheme denying workers’ compensation insurance and medical care for injured workers.
The father and son were sentenced to 250 days in jail, 10 years of felony probation and ordered to pay $382,951 in restitution. This case was prosecuted by the Monterey County District Attorney’s Office.
From Risk Management Monitor
November 16, 2017
Holiday parades will be marching down many U.S. city streets during the next six weeks, with millions of revelers expected to attend. And while these are historically joyous occasions, safety is a top concern for businesses located near the festivities—especially considering the high-profile violence that has recently dominated headlines. Rezwan Ali, risk solutions group head of security at Falck Global Assistance, which advises companies about security, safety and travel risks, spoke about the challenges and best practices faced by businesses and employees located near parade routes.
From Insurance Journal
November 16, 2017
The California Department of Industrial Relations has released the 2016 occupational injury and illness data on employer-reported injuries that shows nonfatal worker injured remained steady in the state.
Existing law provides, with respect to contracts and amendments to contracts entered into on or after January 1, 2011, with a public agency, as defined, for design professional services, that all provisions, clauses, covenants, and agreements contained in, collateral to, or affecting these contracts or amendments to contracts that purport to require the design professional to defend the public agency under an indemnity agreement, including the duty and the cost to defend, are unenforceable, except for claims that arise out of, pertain to, or relate to the negligence, recklessness, or willful misconduct of the design professional. Existing law provides that all contracts and all solicitation documents between a public agency and a design professional are deemed to incorporate these provisions by reference.
In This Issue:
PARMA Member Spot Light
Join Us For PARMA's 44th Annual Conference in 2018!
Our Conference Theme: Mission de PARMA.
Susan Eldridge PARMA Conference Scholarship
PARMA Member Resources
Board of Director Nominations
In Memory of Susan Eldridge
It's with a heavy heart that PARMA says goodbye to a dear member of our organization. Susan Eldridge passed away on Saturday, June 3. No services have been announced.
PARMA recently announced the renaming of its Annual Conference Scholarship to the Susan Eldridge PARMA Conference Scholarship. Susan is a life member of PARMA who has been a strong advocate for education and PARMA's roll in providing affordable quality educational opportunities to the risk management profession. Susan also served on the PARMA Board of Directors from 2000 - February 2017 and served multiple terms as our Secretary / Treasurer.