Archive of risk management

06Jan2012
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SOA Blog
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Risk
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Risk management links for the week of January 2

Happy New Year to all those who have devoted themselves to managing risks inherent in running a business, dealing with health issues or making an investment. Here are the best links for the week of Monday January 2, 2012. Based on recent data from the Bureau of Vital Statistics, Mayor Bloomberg announced last week that New Yorkers’ life expectancy is higher than the national rate, attributing this to anti-smoking and ant -obesity campaigns, increasing taxes on cigarettes and calorie-count requirements for fast food restaurants. (more…)

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22Dec2011
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SOA Blog
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Risk
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Links for the week of December 19, 2011

The penultimate weekly links round up for 2011 is in for risk management. Happy holidays and happy reading. The New York Times’ David Bornstein reports about progress the Freelancer’s Union has had in providing independent workers with health insurance and retirement savings. According to the article, about 42 million people (or a third of today’s U.S. work force) do not currently have “traditional” jobs. And as things stand, millions of these workers – many of whom have been laid off due to the weak economy – live day by day “without health and unemployment insurance, protection against discrimination and unpaid wages, and pension plans.” Health insurers assume these workers are riskier to insure simply due to the fact that they often lack reliable information about them. Financed with $17 million in loans and grants from social investors, the Freelancers Insurance Company currently covers 25,000 independent workers and their family members in New York State at premiums more than a third below the open market rate. (Source: New York Times) (more…)

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19Dec2011
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SOA Blog
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Retirement
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Reflecting on 2011 and ahead to 2012: Anna Rappaport Thumbnail

Reflecting on 2011 and ahead to 2012: Anna Rappaport

What would you say were the biggest news events in your area of expertise? In the retirement sphere, there are a few areas that are highly important to me.  They include the growing focus on the need for retirement income and the consequences of the decline in defined-benefit plans. Were there any trends that came as a surprise to those following the industry? My biggest surprises include my work on ERISA’s Advisory Council because I had not yet considered the interaction of privacy and security issues with benefit plan issues.  This really reminded me that there is still a lot I do not know. The second surprise I experienced this year is that many people are realizing the importance of working longer, but few people are doing much to make this more possible. (more…)

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16Dec2011
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SOA Blog
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Risk
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Risk Management Links for the Week of December 12

The holidays are right around the corner, but risk management news does not seem to be taking a break. Here are the best risk management links for the week of December 12, 2011: A recent report from Britain’s Financial Services Authority (FSA) addresses the causes of and lessons learned from the demise of the Royal Bank of Scotland (RBS). The report brings to light many vulnerabilities related to the governance processes of the bank. Senior management apparently vigorously pushed back against FSA policies which limit the threshold for risk. The report concludes regulators were too lenient and should have done more to address concerns and ensure proper governance procedures were in place at RBS. (Source: Bloomberg) (more…)

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Reducing hospital readmissions: It goes beyond the hospital setting Thumbnail

Reducing hospital readmissions: It goes beyond the hospital setting

Susan Pantely discusses the importance of reducing hospital readmissions and the risks associated with multiple hospital visits.

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