Los Angeles Chapter of Risk and Insurance Management Society
 
 

Next Meeting

April 15th, 2017
"Heal the Bay Service Day"

News Items

Most Organizations Deny Prevalence of Fraud
At a loss of more than $6 billion annually, experts have found fraud occurs in most organizations, but 80% of respondents to a recent survey by ACL believe their organization has "medium to no" exposure.
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Closing the Vendor Security Gap
What do organizations really know about their relationships with their vendors?

It's a question that most companies can't answer, and for many, that lack of knowledge could represent increased risk of a security breach. This year, Bomgar conducted research into vendor security on a global scale, and the findings underscore that much work remains to be done to shore up third-party security.

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Costs Climb as Companies Move to Mitigate Supply Chain Interruptions
Some 70% of companies have experienced at least one supply chain interruption during the past year, with an unplanned IT or telecommunications outage the leading cause, according to the eighth edition of the Business Continuity Institute's (BCI) Supply Chain Resiliency Report, produced in association with Zurich Insurance Group.
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Falling Trees Can Cause Property Damage, Injury or Death
During and after large storms, especially those with high winds, there are always reports of fallen trees and tree limbs, which can cause injury or death to those who are in the wrong place at the wrong time. In the past few months in California alone, a woman was killed by a falling tree in the San Francisco Bay area on Jan. 9; another woman was struck and killed by a falling tree while walking on a golf course in the Bay area on Jan. 8; and the mother of a bride was killed when a tree fell on a wedding party in Southern California on Dec. 19. In New York City's Bryant Park, a woman was killed and five people were injured when a massive tree snapped in half on Sept. 4, 2015.
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President's Message


Manny Chavez
President
Spring has sprung!! The mountains look so beautiful dressed in green. Seems it's been years since we've seen our Southern California look so healthy. Everywhere you turn blooms of flowers, fresh green grass and new growth surround us. The rain this year was a blessing which we needed desperately.

This time of year, RIMS shifts into 2nd gear as we look forward to several events that truly generate excitement and a sense of fulfillment.

I would first like to give a shout out to the great work Rising Risk Professionals has done. They started off the year with an overwhelming Mixer at the Salvage Bar and Lounge in downtown Los Angeles that brought over 100 new risk professionals together. Next up for RRP is Heal the Bay Service Day in Santa Monica on Saturday, April 15th. We are expecting a large turnout and after the beach clean up, you can join the RRP committee members for a drink or a bite to eat at Big Dean's Ocean Front Café (1615 Ocean Front Walk, Santa Monica). April also brings the annual RIMS Conference in Philadelphia, PA (April 23rd – 26th).
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Upcoming Events:
April 15th, 2017
Heal the Bay Service Day

May 24th, 2017
Risk Managers Roundtable

June 7th, 2017
LA RIMS Golf Tournament

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LA RIMS Thank Our Sponsors
 
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