November

Staff and Faculty Aging Builds Concerns in Colleges and Universities

Aging Workforce
Copyright Tec_Estromberg
By Vicki J. Missar, Associate Director, Aon Global Risk Consulting, and Kristine Kennet, Casualty Claims Consultant, Aon Global Risk Consulting.

When one thinks of colleges and universities, the concerns of aging may not be in the forefront as we conjure up images of young students with all of life’s opportunities ahead of them. However, when we look at the staff and faculty who work for these institutions, a different, more seasoned employee population emerges.

As we age, we are exposed to such things as decreased strength, decreased cardiovascular and lung capacity, decreased spinal strength, reduced pupil size, decreased hearing and memory and increased body fat among several other physical changes. Depending on the size and mission of the institution, the job duties, physical demands, safety and risk exposures for employees are greatly varied. Whether the job is that of a sedentary administrator or faculty member or a more active athletic coach or campus police officer, the physiological changes of the natural aging process can result in a higher risk of injury. These changes are affected by many factors and can greatly impact our ability to work effectively and productively as we age. Risk managers and HR staff are re-orienting their thinking of the aging workforce as today’s reality. They are beginning the necessary planning to mitigate this risk before it negatively impacts their institution. This is ageonomics.

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The Rising Urgency of Traveler Protection

Urgency of Travler Protection 

By Dr. Daniel Diermeier, IBM Professor of Regulation and Competitive Practice, Kellogg School of Management, Northwestern University. This article was produced in partnership with On Call International.

In September 2013, Islamic militants entered an upscale Nairobi shopping mall with assault guns and other weapons. Over the next two days, they killed nearly 70 people and injured many others; at the time of this writing, dozens were still missing as Kenyan authorities searched the mall’s rubble. Among the confirmed dead were a Canadian diplomat, three Britons, two French women, and a prominent Ghanaian poet.

In large-scale attacks, natural disasters, or accidents, many of those killed or injured are foreign citizens. And in many cases, these individuals are in the region representing corporate, educational, non-profit, or other organizational interests, often without protection of any kind, unless they have made personal arrangements for their safety. The lack of protection leaves them, their families, and their organizations vulnerable to further damage, whether financial (emergency medical evacuation expenses, for example), legal (potential lawsuits against an organization for inadequate protection), personnel-related (diminished employee morale/satisfaction), or reputational (diminished public perception of a company for failing to protect employees).

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 Magnifying Glass
Copyright Todd Chandler
By David Olson, Assistant Director of Safety for The Master's College, and Glenn Klinksiek, CPCU, ARM, MBA, DRM, Knowledge Center Content Manager for URMIA. This is part 4 of a 4-part series discussing results of a survey of URMIA members' risk identification practices.

The University Risk Management and Insurance Association (URMIA) conducted a survey, “Identifying Risk - A Survey of Practices in Higher Education,” of its members in early June 2014 to find out how do risk managers anticipate new or emerging risks. More than 125 URMIA members completed the survey and generated interesting insights into how the risk identification process. In the earlier installments, Insights shared the results regarding who has responsibility for the risk identification process, what the survey said about the risk identification process and the risk identification methods used. In this issue, Insights shares the emerging risks that respondents found through their risk identification processes and gives our conclusion from the survey.

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Board Corner: Report from URMIA's Inter-Association Alliances Committee

 Inter-Association Alliances
Copyright Thetaxhaven
By Jennifer Whittington, Executive Director of URMIA and liaison to the Inter-Association Alliances Committee.

Welcome to the board corner report from the Inter-Association Alliances Committee. Initially, the IAAC was formed to provide a system of outreach to other associations supporting higher education risk management. As URMIA's mission and strategic plan advanced, so, too, did the IAAC's. Currently, the IAAC’s purpose is to assist in advancing the reputation and visibility of URMIA as the preeminent (re)source in higher education risk management through partnerships and alliances with other associations that have an impact on and/or role in risk management in higher education. Strategic partnerships and alliances with educational partners are outlined in URMIA's business plan and managed by the IAAC. The IAAC updated its bylaws definition in 2014 to reflect this, and I have taken on the role of liaison.

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All About URMIA 
Copyright Jphilipg
Each year, URMIA hosts in-person regional and annual (national) conferences around the country as well as online webinars designed to minimize your cost and time away from the office while maximizing your educational and networking opportunities.

Read on to learn about URMIA's 2014 Distinguished Risk Manager and Innovative Risk Management Solutions awards, Risky Business Week recordings, URMIA's 2014 scholarly journal, and our FREE ARM study course from Erike Young.

 Tools and Resources
Copyright Matteo Paciotti
Each month, this article provides some of the latest risk management resources, as well as a calendar of upcoming events, webinars, conferences, and other learning opportunities in which you or your campus colleagues may be interested.


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URMIA Members in the News

 URMIA Members in the News
Copyright Roubert Couse-Baker
Help us welcome our newest members, and see what professional updates your colleagues have to share from the last month.


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FEATURED ARTICLE

Cyber/Privacy Insurance: Impaired Subrogation Equals No Coverage for Insured?

Cyber and Privacy Insurance 
Copyright Ervins Strauhmanis
By William K. Austin, Principal and Consultant at Austin & Stanovich Risk Managers LLC.

The cyber/privacy (“C/P”) insurance marketplace continues to expand coverage offerings and limits. But coverage is not standardized which means C/P insurance policies differ in policy language from one insurer to another insurer. Dissimilar policy coverage terms and conditions can lead to subtle but critical coverage issues when comparing one C/P policy to another or when seeking coverage in your C/P policy.

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News Briefs

New OSHA Reporting Rules Could Cause Headaches in New Year
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Study on NCAA Concussion Policy and School Concussion Management Plans Finds Room for Improvement
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College President Comments on Balance Between Risk Management, Innovation, and Risk Aversion in Higher Ed
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The Bigger Picture: Ebola Outbreak Triggers Discussion of Higher-Level Risk Management Concerns
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New Interactive Map Shows Areas Impacted by Storm Surges
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