January

Strategic planning update: URMIA's future is bright!

URMIA President Kathy Hargis

By Kathy Hargis, Associate Vice President of Risk Management and Compliance, Lipscomb University and URMIA President.

Over the last three years, URMIA has continued on a steady upward trajectory. The association has grown in membership, conference attendance and member offerings. In 2016, we implemented significant website improvements designed to prepare higher education risk managers for the future and attract new members. Member dues and event sponsorships have supported URMIA’s mission and its growth. URMIA could not have made any of its recent accomplishments, however, without the imagination and hard work of URMIA’s greatest asset – its people. In the continued revision, assessment, accomplishment and measurement of the association’s goals, our members strengthen our commitment to URMIA’s core values. 

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URMIA provides in-depth risk management track at ACUA's Midyear Conference, March 26-29, 2017


As part of URMIA’s strategic planning efforts, a relationship has been building with the Association of College and University Auditors (ACUA) to strengthen our appreciation for our disciplines. A memorandum of understanding (MOU) was signed between URMIA and ACUA to be part of the ACUA Midyear Conference in Austin, Texas, on March 26-29, 2017.

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The Department of Education lays out new borrower defense to repayment regulations

Copyright mer chau
Copyright mer chau

By Stephen Wagner, Esq., Marshall Dennehey.

On October 28, 2016, the Department of Education ("Department") published a new federal standard and process for determining whether a borrower has a defense to repayment on a student loan based on an act or omission of a school (81 F.R. 75926). In addition, the Department amended its Direct Loan Program regulations to prohibit schools participating in the Direct Loan Program from using mandatory arbitration clauses and class action waiver clauses. These regulations bring clarity to a large sect of students who allege to have been defrauded by post-secondary educational institutions.

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Copyright Paul Cross
Copyright Paul Cross

Welcome to 2017! 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 the now available content from URMIA's 5th annual Risk Management Week, resources from our biggest annual conference ever, ERM training dates for 2017 and much more.

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 Copyright Kate Ter Haar
Copyright Kate Ter Haar

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.

Risk management resources

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URMIA members in the news

 Copyright Miki Yoshihito
Copyright Miki Yoshihito

Again, welcome to 2017! As we head into this new year, URMIA is excited to welcome many new members. Also, see what professional updates your colleagues have to share from the last month.

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Insights is the monthly online newsletter for the University Risk Management and Insurance Association. Published by URMIA’s Communications Committee, this newsletter contains more than the latest information about URMIA. Insights gathers thoughtful commentary on higher education risk management as well as tutorials and detailed explanations of risk management practices and tools.

Have an article or news to share? Send it to the editor!

FEATURED ARTICLE

Federal Insurance Office (FIO) finalizes remainder of Terrorism Risk Insurance Act (TRIA) regulations

By Paul Howard, Counsel, Coalition to Insure Against Terrorism (CIAT).

The Coalition to Insure Against Terrorism (CIAT), of which URMIA is a member, released the following summary of the Federal Insurance Office’s (FIO) final rule implementing the latest Terrorism Risk Insurance Act (TRIA) regulations. CIAT filed these comments in response to the Notice of Proposed Rulemaking (NPRM) by the FIO published in the April 1, 2016, Federal Register (81 Fed. Reg. 18950). CIAT is a broad coalition of commercial insurance consumers formed immediately after 9/11 to ensure that American businesses could obtain comprehensive and affordable terrorism insurance. The diverse CIAT membership represents commercial real estate, banking, energy, construction, hotel and hospitality, entertainment, manufacturing, transportation, the major league sports, higher education, as well as public sector buyers of insurance. The current list of CIAT members can be found here.

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News Briefs

Stanford supermajority approach to sexual misconduct proceedings highlights differing approaches on college campuses
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Five case studies highlight epic fails in business recovery
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Wisconsin legislature launches a new session with an eye on higher ed
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Risk Management magazine provides overview of risks for 2016
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New year's resolution: Crafting return-to-work programs that benefit everyone
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Announcements

Registration is open for URMIA's 2017 regional conferences
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URMIA's 2017 Annual Conference call for presentations closes February 3; submit a presentation and mark your calendars!
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Risk Management Week website updated with all presentations
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Join URMIA's RM events community for the latest in risk management
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URMIA retiree and emeritus members connect online
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URMIA and PRIMA partner to offer two ERM trainings in 2017
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