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  • RIMS Warns of the Consequences of the National Flood Insurance Program Expiration

    RIMS, the risk management society ™, delivered a message to its U.S. membership of risk management and insurance professionals, calling on them to support the Society’s push for the reauthorization of the National Flood Insurance Program (NFIP). According to the Society, the program’s expiration on September 30, 2017 would leave many businesses with significant lapses in flood coverage, difficulty in procuring affordable coverage and uncertain of current and future flood regulation within their jurisdictions.

     Currently, the House and Senate have combined to introduce a number of bills intended to reauthorize and improve the program. However, differences in the bills must be agreed upon before the deadline is reached. RIMS is seeking a long-term solution that includes provisions that continue to allow organizations to effectively manage flood risk.

     “For thousands of organizations, the reality that access to affordable flood insurance might disappear and that their businesses would instantly become susceptible to destruction caused by flooding is unacceptable,” said RIMS Vice President Robert Cartwright, Jr. “RIMS has launched a grassroots effort to ensure that the commercial insurance buyer’s voice is heard and that legislators are reminded of the consequences of the NFIP’s expiration and the need for expedient action.” 

     

    Starting Wednesday, August 23, RIMS’ Political Action Committee (RISK PAC) will begin soliciting donations to allow the Society to continue to engage and support Members of Congress who have demonstrated their commitment to the reauthorization of the NFIP. For more information about RISK PAC or to donate, visit www.riskpac.org.

  • RIMS Canada Council Embraces Nation's Diverse Risk Management Community at 43rd Annual Conference

    Canada’s thriving risk management community will convene at the 43rd annual RIMS Canada Conference scheduled for September 24 – 27 at the Metro Toronto Convention Centre. “Community,” this year’s conference theme, illustrates the importance of collaboration and its undeniable impact on risk professionals’ ability to achieve and exceed expectations.

     For the first time, RIMS Canada Conference will host the “Pride in Our Community” inclusion event sponsored by Marsh’s Pride Colleague Resources Group. The networking reception is aimed at bringing the risk management community together, fostering understanding and full inclusion of all people and cultures. The event is on Tuesday, September 26 at 9 p.m. at the Canyon Creek Chophouse. Registration is required.

     The four-day conference attracts more than 1,000 risk and insurance professionals at all experience levels, business executives with risk management interests, brokers, insurers and service providers for the ultimate educational and networking experience. Conference educational offerings will feature more than 25 concurrent sessions on topics ranging from enterprise risk management and cyber risks, to property, business continuity and social media risks.

     “Much like Canada’s risk management community, our host city Toronto is an amazing place built on the wonderfully diverse, intertwined and symbiotic cultures and relationships of its constituents,” said April Savchuk, conference co-chair, and the director of insurance and risk management for Yamana Gold. “Our conference theme ‘Community’ not only embodies the collaborative spirit of the surrounding city but it reflects the sharing culture that has allowed this profession to grow and prosper.”

    “Year-after-year, RIMS Canada Conference delivers a powerful agenda that is dependent on our exceptionally talented and informed network of volunteers and industry partners,” said Karin McDonald, conference co-chair and the director of risk and insurance at Hydro One Networks, Inc. “Together, we have, once again, created an exciting program that offers highly relevant content for practitioners of all experience levels, industries and backgrounds.”

     For more information about the conference agenda or to register for RIMS Canada Conference and the inclusion networking event, visit www.rimscanadaconference.ca. Follow the event by using #RIMSCanada2017.

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