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April Luncheon - April 12, 2018 at 11:30 am

APRIL LUNCHEON

Stephen Palley from Anderson Kill will discuss the good news on the cyber insurance front is that insurance companies are eager to sell the protection, and favorable terms can be obtained if you know what to look for. The bad news is that the market lacks uniformity and many policies are confusing and densely written. This session will provide participants with the tools they need to purchase the coverage they need. After an overview of the most important coverages,  Mr Palley will deliver tips for avoiding coverage traps and increasing the chances that the coverage grant covers actual risks. These include purchasing policies that cover evolving risks, Time element losses, breach of contract claims and data losses on cloud and third-party vendor systems. The session will also touch on claims handling practices that maximize the likelihood of full recovery.

 When: 2nd Thursday, April 12, 2018

Time: 11:30 am – 1:00 pm

Where: Little America Hotel

500 Main Street, Salt Lake City, Utah

    Register

RISK News

  • SAN ANTONIO – Emergency preparedness and action plans amid violent crises were explored during educational sessions at RIMS 2018 here. On Monday and Tuesday, experts discussed ways businesses can prepare for active shooter events and kidnapping crises. Experts agreed that Continue reading
  • Rebecca Cady, vice president and chief risk officer of Children’s National Medical Center (CNMC) in Washington, D.C. was named the RIMS 2018 Risk Manager of the Year today. CNMC is the largest freestanding pediatric academic medical center and health system Continue reading
  • SAN ANTONIO—At today’s RIMS 2018 Annual Conference Exhibition Awards Luncheon, the risk management society kicked off the week by issuing its top marks of distinction for leadership and achievement in the industry. Ward Ching, managing director of the western Continue reading
  • SAN ANTONIO—Technology is becoming more and more necessary for the growth of companies, enhancing their abilities to get products to their destination faster and automate core processes. In fact, it’s predicted that revenues from AI-related technologies will reach $127 billion Continue reading

Announcements

  • MARCH LUNCHEON

    We generally hold our monthly chapter meeting on the second Thursday of the month, however, in March, the hotel meeting rooms were not available, so the March meeting has been scheduled for Wednesday, March 7.

    We have an excellent program planned, we will be hearing from Maggie Karpuk, a senior executive with NCCI.  She will be addressing WC issues of concern to Utah businesses and explaining how NCCI calculates the experience modification factors, etc.  We are fortunate to have her come and speak.  


    Maggie Karpuk, State Relations Executive, is responsible for NCCI’s regulatory and legislative affairs, including rate/loss cost filings, legislative pricings, rule and form filings, appeals mechanisms, and residual market issues.

    Prior to joining NCCI in 1995, Ms. Karpuk was a territorial manager with CIGNA Property and Casualty Companies. She has extensive knowledge of the insurance industry—with experience in underwriting, marketing, and agency


    When: Wednesday, March 7, 2018

    Time: 11:30 am 

    Where: Little America Hotel

    500 Main St, Salt Lake City

     

    Register

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RIMS UTAH CHAPTER AWARD

RIMS UTAH CHAPTER SEES SIGNIFICANT MEMBERSHIP INCREASE

Increased Demand for Advanced Risk Management Capabilities Drives Practitioners to RIMS

NEW YORK (March X, 2016) — Just as organizations continue to lean on their risk management departments to achieve strategic objectives, risk professionals around the world continue to lean on RIMS for resources and networking opportunities to deliver value to their organizations. As a result of this trend, RIMS Utah Chapter experienced a 14 percent increase in membership in 2015.

“While the ability to connect with the world’s risk management community remains a top member benefit, the opportunities RIMS provides for members to interact and share ideas with their local peers has proven to be just as valuable,” said RIMS Chief Executive Officer Mary Roth. “It’s always rewarding to see that the Society’s resources continue to inspire. Congratulations to RIMS Utah Chapter for successfully delivering exceptional value to your local risk professional community.”

 

The Utah Chapter, based in Salt Lake City, will be recognized with the Society’s Membership Growth SuperStar Award at RIMS Annual Conference & Exhibition in San Diego in April.

Other recipients of RIMS Membership SuperStar Award – an award that honors chapters that experienced membership growth of at least nine percent – include:

  • RIMS Alaska Chapter (Anchorage, AK)
  • RIMS Australasia Chapter (Melbourne, AUS)
  • RIMS Broward County Chapter (Ft. Lauderdale, FL)
  • RIMS Japan Chapter (Tokyo, JPN)
  • RIMS Long Island Chapter (Nassau County, NY)
  • RIMS Mexico Chapter (Monterey, MEX)
  • RIMS Newfoundland & Labrador Chapter (St. John’s, NL)
  • RIMS Piedmont Chapter (Raleigh-Durham, NC)
  • RIMS Quebec Chapter (Montreal, QB)
  • RIMS Silicon Valley Chapter (Silicon Valley, CA)
  • RIMS South Louisiana Chapter (New Orleans, LA)
  • RIMS Virginia Chapter (Williamsburg, VA)

RIMS Star Award recognizes chapters with growth of at least six percent but less than nine percent.  Chapters honored with this award included:

  • RIMS Arizona Central Chapter (Phoenix, AZ)
  • RIMS Canadian Capital Chapter (Ottawa, ON)
  • RIMS Central Florida Chapter (Orlando, FL)
  • RIMS Greater Miami Chapter (Miami, FL)
  • RIMS Northern Alberta Chapter (Edmonton, AB)
  • RIMS Pittsburgh Chapter (Pittsburgh, PA)
  • RIMS Toledo Chapter (Toledo, OH)

RIMS membership awards were initiated in 2008 to acknowledge the valuable work of the Society’s chapters and the important role they play in keeping membership vibrant and engaged.  For more information about RIMS chapters, visit www.RIMS.org/ChapterDirectory.

About RIMS

As the preeminent organization dedicated to advancing the practice of risk management, RIMS, the Risk Management Society, is a global not-for-profit organization representing more than 3,500 industrial, service, nonprofit, charitable and government entities throughout the world. Founded in 1950, RIMS brings networking, professional development and education opportunities to its membership of approximately 11,000 risk management professionals who are located in more than 60 countries. For more information on RIMS, visit www.RIMS.org

Spencer Educational Foundation, Inc.