Los Angeles Chapter of Risk and Insurance Management Society

Next Meeting

January 18th, 2017
"Disney Risk Management Challenges with an emphasis on Shanghai Disney Resort"
Steve Wilder, Vice President, Risk Management - The Walt Disney Company

News Items

Risk Management Profession Given an 'A' by CNN Money
Risk management is a career that has long flown under the radar. Because it is not a common job choice, a frequent question of risk managers is how they found their way into the profession. Risk managers say they wouldn't do anything else. The reasons they list include interesting duties that differ from day to day, opportunities for creative thinking and problem-solving, and collaboration with other areas in their company.

Business Interruption Seen as Top Risk Globally
A survey of more than 1,200 risk managers and corporate insurance experts in over 50 countries identified business interruption as the top concern for 2017. According to the sixth annual Allianz Risk Barometer of top business risks, this is the fifth successive year that business interruption has been seen as the biggest risk.

Act Now to Prevent Frozen Water Pipes
Freezing weather can bring the unexpected, from slippery sidewalks and ice dams to one of the most common problems--frozen water pipes. Knowing what conditions can cause pipes to freeze is the first step to prevention. If pipes do freeze, a quick response can keep them from bursting, avoiding the expense of replacement, possible water damage to walls, floors and electrical systems, or even a business shutdown.

2016 Ends with 1% Average Rate Reduction
The year ended with few surprises in commercial insurance pricing in the United States, after 2016 started out with a composite rate decrease of 4%. In April, rates began to moderate and continued reductions of 1% to 2% per month. The year closed with a composite rate reduction of 1%, according to MarketScout.

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President's Message

Manny Chavez
It's January 1st, 2017 and I'm sitting by the fire at my home looking at our beautiful Christmas tree thinking about how blessed I am. Thoughts about how we pursue our dreams early in life, meeting many people along the way, making personal sacrifices and finding that special place we call work is more than inspirational. My particular path has been extremely exciting throughout my career (which I can share separately), but I would have to say that being involved with RIMS for over 20 years has enlightened me more than anything else professionally.

I am very excited to serve as the new President of the LA Chapter of RIMS. Our Board of Directors (volunteers) and past Presidents who have guided this Chapter for many years have brought so many opportunities for the membership. I love everything we do e.g. Luncheons, Risk Manager Forums, Events - Golf Tournament, Mixers, Holiday Party, Education Day and especially something new we're starting in 2017 called Rising Risk Professionals.
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