Los Angeles Chapter of Risk and Insurance Management Society

Next Meeting

September 18th, 2019
"Monthly Education Event"

News Items

Ransomware Down, Extortion and Email Fraud Up in 2018, Proofpoint Finds
Ransomware may have waned at the end of last year, but that gave way to straight-up extortion, according to Proofpoint's newest Quarterly Threat Report, Q4 2018.

Despite a slight resurgence in the middle of last year, ransomware strains appeared in "relatively small, sporadic email campaigns" that by Dec. 31, 2018, comprised one-tenth of 1% of overall malicious message volume.

Aon’s Top Cyber Threats for 2019 Revealed
Companies' cyber risk profiles should be updated in tandem with each new digital technology that it embraces, according to Aon in its 2019 Cyber Security Risk Report. The scale of attacks and their impact on organizations is intensifying, and as recently reported, are becoming less predictable. Ransomware attacks may have peaked in 2018, as industry experts have noted, which sent malicious actors reverting to good old fashioned digital extortion, albeit with a slight twist.

New Fatigue Reports Awaken Employers to Injury Risks
The National Safety Council (NSC) estimates that roughly 13 percent of workplace injuries are attributable to sleep problems, causing an economic impact of $400 billion. NSC information suggests that employers with 1,000 employees could incur losses of more than $1 million per year in missed workdays, lower productivity and increased healthcare due to employee fatigue.

Seven Qualities of an Impactful Risk Register
You might have resolved to tidy up some processes and press the "reset" button on your risk register in the new year. Whether you've started a new position, want to improve your company's operations or just overhaul your existing register, the basic foundations are out there.

Demonstrating their altruistic nature, many RIMS members have been offering their insight to those seeking suggestions - even going to far as to send their Excel sheet registers. Here are some criteria for your X and Y axes, culled from the OPIS network and existing resources on Risk Knowledge. While they are by no means a finite list, they can act as building blocks for your new template or register.

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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
Monthly Education Event

October 15th, 2019
Risk Managers Roundtable

November 13th, 2019
Education Day

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LA RIMS Thank Our Sponsors


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