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October Luncheon - October 19th

We hope to see you at the next Utah Chapter RIMS luncheon,Thursday, October 19th, at Little America beginning at 11:30 a.m. The presenters include LaMond Woods of Sentry West Insurance, and a Personal Lines underwriter and adjuster.  The topic, Floods, Hurricanes and Earthquakes: What Risk Managers Need to Know About Their Personal Insurance.

The discussion on personal risks of loss will cover the following: 

1)    Performing a detailed risk assessment of your insurance needs

  1. Avoid relying on cost of policy alone to decide coverages
  2. Avoid underinsuring your home as market values change – understand insuring to value coinsurance risks
  3. Assessing needs for specific insurance for known geographic risks, like earthquake and flood
  4. Assessing liability coverage limits (auto and general) to avoid putting personal assets at risk in the instance of an at-fault event (e.g. hitting a pedestrian in the dark)
  5. Home based business activities or services - coverage questions
  6. Volunteer activities, serving on a board of directors
2)     Understanding available insurance products
  1. Choosing the right deductible and setting aside money for an emergency
3)     Assessing needs for life insurance
4)     Completing an inventory of your home and contents
5)     Overall strategy

RISK News

  • The Balloon Federation of America (BFA) has instituted new safety accreditation for companies and pilots. The Envelope of Safety program was the result of the Federal Aviation Administration’s (FAA) year-long call to action from the commercial hot air balloon industry Continue reading
  • The recent devastation of Hurricanes Harvey, Irma and Maria pulverized Texas, Florida and Puerto Rico, displacing hundreds of thousands of residents and racking up billions of dollars in property loss. These massive storms, as well as others, also wreaked havoc Continue reading
  • The National Interagency Fire Center (NIFC) increased the National Preparedness Level to 3 today due to wildfire activity in eight Northern California counties, including Napa, Sonoma and Mendocino, where evacuations, road, trail and area closures are in effect. Since their Continue reading
  • The destruction caused by Hurricane Maria in Puerto Rico last month has created major disruptions for the island’s pharmaceutical product and medical device manufacturing facilities. Days of interruption and damage to manufacturing plants are affecting international supply chains for products Continue reading

Announcements

  • Joint Security Seminar on October 25th at the Falls Event Center at Trolley Square.

    Come join your fellow security professionals at the NCMS Intermountain chapter and ASIS International Salt Lake Chapter 2017 Joint Security Seminar on October 25th at the Falls Event Center at Trolley Square.

    There will be dynamic speakers presenting current topics helping professionals enhance their current knowledge specific to their jobs. Keep checking the website for confirmed speakers. Attendees will be able to get CEU’s (Continuing Education Units).

    Link

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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.