Los Angeles Chapter of Risk and Insurance Management Society
 
 

Next Meeting

October 18th, 2017
"Risk Managers Roundtable"

News Items

Beware of Fire Ants During Hurricane Cleanup
While Texas, Florida and other states dry out from the trillions of gallons of water dumped by Hurricanes Harvey and Irene, there is much to be done and many hazards to watch out for when clearing trees and removing soggy remains from homes and offices.
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RIMS Membership Has a Say in COSO’s New ERM Framework
When Risk & Insurance Management Society (RIMS) members use the new ERM framework published Sept. 6 by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), they may recognize their own ideas prominently displayed. Carol Fox, RIMS vice president of strategic initiatives announced the call for public comment on Risk Management Monitor in June 2016. She said feedback from the industry, and particularly RIMS members, is reflected in COSO's ERM Framework: Integrating with Strategy and Performance.
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Post-Harvey Lessons For Chemical Plant Managers
One of the many hazards exposed by Hurricane Harvey occurred in Crosby, Texas, when the Arkema chemical plant suffered fires and small explosions on Aug. 31 and Sept. 1. Floodwaters caused the fires by penetrating the facility and shutting down the cooling systems designed to stabilize 500,000 pounds of highly flammable materials inside. This ultimately caused a mandatory evacuation for all residents within a 1.5-mile radius of the plant. Local news outlets reported that Arkema had no plan in place for six feet of flooding and its last risk assessment was submitted in 2013.
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Ensuring Your Company’s Disaster Relief Donations Are Well Received
With Hurricane Harvey's effects being felt in Texas and Louisiana for some time to come, businesses may want to help victims by making corporate donations. Corporate decision-makers should carefully consider ways to contribute, since some recent post-disaster efforts have not helped as intended.
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President's Message


Manny Chavez
President
Sunday, June 25, 2017 1:45pm: I just left the gym, got in my car and the temperature read 109 degrees. Driving home I noticed a huge brush fire had started near Hwy 14 (Santa Clarita)...Ugh. I guess we can now say Summer has arrived! Don't get me wrong, I do love this time of year. It's a time for vacationing, enjoying the beach and nearby mountains, the days are long and the evenings are a great way to spend time with family and friends.

A few weeks back LA RIMS kicked off the summer with our annual Golf Tournament at Brookside Country Club in Pasadena. What fantastic day it was! Over 160 golfers took the greens to another level. Our Hole Sponsors were decorated fabulously and definitely turned a few heads.

AIG's hole had Sandy & Johnny from the movie "Grease," and yes that was Lisa wearing the black spandex singing "you better shape up...!" ATI, IMBER Court Reporters, The Hartford, AON, JLT and many others were in fine form. But, this year the music from FM Global certainly rocked the greens! If you happened to be karting by the FM hole, Desi Gamez and Lindsey Billet have a bit more to offer than their risk/insurance talents... those two can sing!!
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Upcoming Events:
September 24th, 2017
Western Regional Conference

October 17th, 2017
CPCU All Industry Day

October 18th, 2017
Risk Managers Roundtable

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LA RIMS Thank Our Sponsors
 
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