Workplace Violence: Anywhere, Anytime
Last week’s shooting in the shadow of the Empire State Building, brought about by a workplace dispute, illustrates that workplace violence can strike anywhere, anytime.
We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe.
Last week’s shooting in the shadow of the Empire State Building, brought about by a workplace dispute, illustrates that workplace violence can strike anywhere, anytime.
The recent London Olympic Games drew a total of over 219.4 million viewers over the course of 14 days. What people don’t realize is the way Risk Management factored into the success that was the 2012 London Olympics. In particular, the use of Strategic Risk Management was employed by the Olympics Organizers to evaluate and implement risk mitigation policies and procedures for the Games of which the general public was not even aware. A recent article by Will Jennings in Harvard Business Review, “The Olympics as a Story of Risk Management”, looks at the Games from a Risk Management perspective. The article reveals how the International Olympic Committee (IOC) evaluated
Companies in every industry are using social media networks such as Facebook, Twitter and LinkedIn as marketing and business development tools.
In the past, we discussed the benefits Enterprise Risk Management (ERM) can have in establishing a risk committee and enhancing your company’s Total Cost of Risk (TCoR). A recent article published by Michael Moody in Rough Notes magazine describes how the “World Risk Day” (celebrated June 26th) brings focus to ERM and makes companies use risks more efficiently to drive their profits.
We recently posted a blog on the benefits of an organization incorporating a risk committee into their risk mitigation strategy.
With the high profile cases in the news today and in the past year alone, the need for risk management services is on the national radar more than ever before. The majority of our nation’s educational institutions, outside of purchasing the appropriate insurance policies, aren’t equipped with the resources, necessary education or even knowledge of how to protect themselves against certain risks.
The National Council on Compensation Insurance (NCCI) has filed a “split point” change in their Workers Compensation experience modification rating. This change can significantly impact a business’ bottom line, by either increasing or decreasing a company’s rating over the next three years which will, in turn, affect business’ overall Workers Compensation premium. Businesses with poor loss experience will see an increase in their Experience Modification, while companies that have better loss experience will most likely benefit from this change. Workers’ Compensation premiums are based on a calculation that includes payroll, the company’s classification rate, experience modification factor, schedule rating by the underwriter, and miscellaneous charges. The WC insurance premium will
The recent spate of construction site accidents in New York City in the past several months couldn’t have come at a worse time.
It may seem that the words Risk Committee and JP Morgan have been in the news every week over the past few months. The big issue is that no one truly understands the role a Risk Committee is supposed to play. Rather than hearing of the benefits of having a Risk Committee, the only time people hear about it is when they [Risk Committee] fail to do their job. The failure of JP Morgan’s Risk Committee to do their job properly led to their $5.8 BILLION loss.
It’s not your imagination that the cost of doing business in New York keeps climbing. The increasing costs of Workers’ Compensation insurance in New York are a major part of the overall increased cost of doing business in the state.
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At The ALS Group, we help clients achieve their strategic goals via expert and insightful identification, quantification, and mitigation of the risks that could impact their business, or present opportunities for it.
More Information: [email protected]
Florida
1800 NW Corporate Blvd Ste 202
Boca Raton, FL 33431
Tel: +1-561-437-0024
At The ALS Group, we help clients achieve their strategic goals via expert and insightful identification, quantification, and mitigation of the risks that could impact their business, or present opportunities for it.
More Information : [email protected]
New Jersey
175 Main St
Woodbridge, NJ 07095
Tel: +1-732-395-4250
Florida
1800 NW Corporate Blvd Ste 202
Boca Raton, FL 33431
Tel: +1-561-437-0024