Los Angeles Chapter of Risk and Insurance Management Society

Next Meeting

September 18th, 2019
"Women in Risk Management - A View from the Top"
BobbiJo DeNofa Broad, EVP, Willis Towers Watson - Head of LA Office

News Items

Inclusion Does Not Stop Workplace Bias, Deloitte Survey Shows
In Deloitte's 2019 State of Inclusion Survey, 86% of respondents said they felt comfortable being themselves all or most of the time at work, including 85% of women, 87% of Hispanic respondents, 86% of African American respondents, 87% of Asian respondents, 80% of respondents with a disability and 87% of LGBT respondents. But other questions in the company's survey show a more troubling, less inclusive and productive office environment, and may indicate that simply implementing inclusion initiatives is not enough to prevent workplace bias.

Governments Tackle Workplace Bullying and Harassment
This week, South Korea enacted new legislation addressing "gapjil," or bosses using their power to bully their employees. The measure criminalizes the practice of unfairly demoting or dismissing employees who have reported being subjected to bullying, imposing a three-year prison sentence or a 30 million won (approximately $25,400) fine for the practice. Workplace harassment is common in the country, with two-thirds of workers experiencing harassment and 80% witnessing it, according to a recent government study.

Catastrophic Floods More Frequent in 2019
Last week, after already experiencing heavy rainfalls and flooding, New Orleans was preparing for tropical storm Barry, expecting the storm to overflow or even breach the city's levees. Flights in and out of the city were cancelled, as were concerts and other public events, as the city braced for catastrophe. Barry ended up narrowly missing New Orleans, and instead moved inland, drenching other parts of Louisiana and Mississippi and causing floods and mass power outages in those areas. It was yet another example of how major flooding has become a normal occurrence for many regions of the country, and by all indications, it is becoming worse each year.

Insulin Pumps Recalled After Hacking Vulnerability Revealed
After the U.S. Food and Drug Administration (FDA) expressed concern this week that some of its internet-connected insulin pumps are vulnerable to hacking and could not be patched, medical device manufacturer Medtronic Plc has announced that they would offer an exchange for the 4,000 patients who are reportedly using the vulnerable devices. If patients are using vulnerable out-of-warranty models, Medtronic is offering a newer replacement at a discounted price, and in-warranty models will be replaced free of charge.

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President's Message

Jeff Stolle
HOT, HOT, HOT! Looks like summer is finally here! This year has been wetter and colder than what we in Southern California are used to, but now is the time you can go to the beach or the pool or maybe this is when you escape and take a vacation. Whatever your plans, know that your LA RIMS Chapter will be here for you J

For those in staying in town, we have some fun summer events coming up. On Saturday, August 10th, former Chapter President, Manny Chavez is leading LA RIMS and Rising Risk Professionals (RRP) members on a Hike to the Hollywood Sign with a networking lunch following.Bring your friends and family and make a day of it. We had a great turnout for this the last time Manny led a similar hike.

Then 5 days later on August 15th, LA RIMS is hosting one of our biggest events of the year. Come put your feet in the sand and join the greater Los Angeles risk and insurance management community at our 4th annual LA RIMS Summer Mixer at the Jonathon Beach Club is Santa Monica. Sign up early for this event, we have had to turn people away in the past...

That brings me to my next topic, the ongoing success of our Chapter in 2019. We have had two sold out luncheons and we sold out the Golf Tournament this year. Thank you to all who have attended and to those companies that have supported and sponsored the LA RIMS Chapter! We hope to keep it going in the second half of the year.

We have some great events planned; besides the Augustevents noted above, we have a September luncheon in downtown LA (more details to be announced later) and then we have two traditional events with a completely new feel.

Our Annual Education Day is moving to the Proud Bird near LAX, this will give us more space for exhibitors and a refreshed space for the education sessions. The focus will be on Technology and Risk. Our keynote speaker is "The Most Interesting Man in Insurance" Rob Galbraith (Google him). We'll have more details later, but mark your calendars for what should be a very interesting day on November 13…by the way, all students can attend for FREE!

The other BIG CHANGE coming this year is to our Annual Holiday Party, good-bye Woodland Hills, hello Burbank! Be on the lookout for more details on our new party format scheduled for December 5th.

Upcoming Events:
September 18th, 2019
Women in Risk Management - A View from the Top

October 15th, 2019
Risk Managers Roundtable

October 24th, 2019
RRP Halloween Happy Hour

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LA RIMS Thank Our Sponsors


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