Los Angeles Chapter of Risk and Insurance Management Society

Next Meeting

September 26th, 2018
"Monthly Education Event"
Emilio Perez, Chief Law Enforcement Officer - The Special Agent Group

News Items

Amid Wildfires, Calif.’s Emergency Warning Systems Take Heat
Overnight, the Mendocino Complex Fire in Northern California expanded far enough to oust the 2017 Thomas Fire as the largest wildfire in the state's history. Comprising two joined fires, the Mendocino Complex Fire has burned through 443 square miles in the area north of San Francisco. As of Tuesday morning, the fires burned more than 140 structures, including at least 75 homes, and was 30% contained.

Cyber’s Human Side
People are often tired, distracted and overworked. They are bound to make mistakes, inadvertently overlook policies and procedures and have quick lapses in judgement--forgetting hours and hours of training.

Human error is a significant problem when it comes to managing cyber exposures. Most cyber surveys point to people as the root cause of a breach. The Information Commissioner's Office (ICO) compiles statistics about the main causes of reported data security incidents. In its first 2018 quarterly report, four of the five top causes reported to them involved human errors:

The Most Dangerous Month For Drivers Has Begun
Now that August has arrived, warnings are being posted--the United States has entered its deadliest month for drivers, according to the Insurance Institute for Highway Safety (IIHS). IIHS information revealed that 505 fatalities have been reported on Aug. 2 every year between 2012 and 2016--the most recent studied--making it the most fatal day for drivers in that time frame. During the same five-year span, July 4 had the second-highest number of traffic fatalities with 495.

Total Cost of Risk Drops for Fourth Straight Year, RIMS Finds
The risk management profession is proving its resiliency. Even in the face of major hurricanes, technological influence and the seemingly common threat of international trade wars, 2017 saw the total cost of risk (TCOR) decline for the fourth consecutive year, according to the 2018 RIMS Benchmark Survey, which was jointly published by RIMS and Advisen.

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President's Message

Manny Chavez
The world news has been quite heavy this past few weeks. My eyes were focused on the grueling Thailand Cave Rescue where 13 people had been trapped deep within a flooded cave in northern Thailand. Those trapped - 12 boys between the ages of 11 and 16 and their 25-year-old football coach have been awaiting rescue since June 23. All of them were miraculously and successfully rescued.

Being a former First Responder for many years, this incidentbrought back the memories of what it's like when the bell goes off. The adrenaline rush and quickly going back in your memory bank, tracing stepstoensure you know what you need to do. I know there are many of us who share similar experiences. Its different now, but we take those experiences and apply them at home and in our own jobs managing the many unique risks we encounter each week. Please take a moment to either pray or focus on a solemn request or expression of thanks to those young boys and the first responders who made a difference.

In other news, July 4th just passed, temperatures are up in the southland, Lebron James is a Laker, France won the World Cup, the Dodgers are in 1st place, the Tour de France is going strong and your LA RIMS Chapter has some exciting events that you won't want to miss!
Upcoming Events:
September 26th, 2018
Monthly Education Event

November 14th, 2018
Monthly Education Event

December 13th, 2018
2018 Annual Holiday Party & Installation of Officers

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LA RIMS Thank Our Sponsors
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