September

2016 URMIA Educational Scholarship recipient Steve Ciotti enters the risk management workforce

Steve Ciotti

By Marjorie F.B. Lemmon, Risk Manager at Yale University and Co-Chair of the URMIA Scholarship Committee.

In 2014, recognizing the desire to identify and develop the next generation of risk managers, URMIA developed a task force to explore the possibility of awarding scholarships to college and university students studying risk management or related fields. Under the leadership of Joyce Fred, vice president of insurance and risk management at Tulane University, the task force eventually became a formal committee, and that vision became a reality. At the 2016 URMIA Annual Conference in San Diego, URMIA awarded its first three student educational scholarships. One of those recipients, Steven Ciotti, has not yet graduated from SUNY Brockport (his anticipated graduation date is May 2018), but he has already found his first job in risk management! In July, Steve began working as risk management assistant at Conifer Realty, LLC, in upstate New York.

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Getting to know "U," URMIA style: Julie Groves

Julie Groves

This month, URMIA's Communications Committee invites you to meet URMIA member Julie Groves, manager, risk services at Wake Forest University in Winston-Salem, North Carolina. This recurring article aims to introduce you to the full diversity of URMIA's members, their institutions and organizations. Our members hail from all parts of the world, and we hope this helps build greater connections with your peers. Enjoy!

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Situational awareness revisited: We need to say something

Copyright Andrew Malone
Copyright Andrew Malone

By Joseph DesPlaines, Consultant, Business Continuity & Crisis Response for Districts Mutual Insurance (Wisconsin Technical Colleges).

The month of June was a deadly one: from June 4 to June 8, we witnessed three terror attacks, taking place in London, Paris and Tehran. In addition, there were two mass fatality workplace shootings in Orlando and Scranton, carried out by disgruntled former employees. This was a tragic five days. As each of you watched the reporting of these events, you heard a significant theme – investigative interviews in London, Paris, Orlando and Scranton revealed that others saw warning signs before each of these tragedies.

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Copyright Matthias Shapiro
Copyright Matthias Shapiro

By Clark Thiel, Partner, Pillsbury. Reprinted from the February 23, 2017, edition of Policyholder Pulse; for further insights, visit www.policyholderpulse.com.

At the end of January, we told you how South Carolina May No Longer Hold Insurers' Reservations. In that post we left you with a teaser: "There's more to this case."

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Copyright Dave Hogg
Copyright Dave Hogg

Happy fall, URMIA! This month in Orlando, URMIA will host its largest conference ever. We hope to see many of you there. Read on to learn about our 2018 Regional Conference schedule, exciting details about Risk Management Wednesdays this November, updates on the November ISO 31000 training from URMIA and PRIMA, and much more.

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 Copyright Karen
Copyright Karen

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

  • URMIA Suggested Reading List (8/2017), URMIA. The semi-annual update of the URMIA Suggested Reading List was completed in August. There are several new entries that may be of interest:
    • The Checklist Manifesto, Atul Gawande. Atul Gawande shows what the simple idea of the checklist reveals about the complexity of our lives and how we can deal with it.
    • The Unthinkable, Amanda Ripley. Discover how human beings react to danger–and what makes the difference between life and death.
  • "Understanding the issue: Is telemedicine the future of higher education healthcare?," Gallagher Student Health & Special Risk Industry Snapshot Newsletter, August 2017. This article discusses telemedicine for student health plans. The practice of delivering medical care remotely using communications technology has been in existence in some form for almost 20 years. According to a recent study, up to 77 percent of consumers would consider accessing remote care, and 19 percent already have. These results suggest that the healthcare industry has largely underestimated the need to meet consumer interest in this category of health services. Although many insurance companies are offering some form of telehealth services by now, most college students' healthcare experiences still take place in the physical presence of a provider, whether through their school's on-campus resources (i.e. student health/counseling center) or at a provider's office near campus. So what would college students gain by exploring the new methods offered to them through telemedicine?
  • Principles for Fair and Accurate Security Ratings, US Chamber of Commerce. As security ratings continue to mature, more organizations in the public and private sectors leverage them in making business and risk decisions. As a key piece of a robust security evaluation program, security ratings based on accurate and relevant information are useful tools in evaluating cyber risk and facilitating collaborative, risk-based conversations between organizations. These ratings provide all risk managers with an opportunity to partner with their information technology chief information security officer (CISO) to review these principles and to have an annual review of their university's cyber security rating from the various third party cyber security firms they hire.
  • "Robotic review: The use of artificial intelligence in contract review," Russell Kostelak, Proskaur Rose LLP. Proskaur has published an article for those of you who spend a lot of time reviewing contracts. That work may be done by a machine one day!
  • "ED finalizes state authorization for distance education rules," National Association of College and University Business Officers (NACUBO). As a reminder, these rules are scheduled to take effect in July 1, 2018.
  • Chemical Facility Anti-Terrorism Standards (CFATS), US Department of Homeland Security (DHS). The CFATS program reminds us about the need for colleges and universities to be in compliance with DHS' standards regarding chemicals. You may want to share this with your EH&S department and others in your institution who may be impacted by these standards.
  • "Unmanned aviation risk management, accident prevention, and insurance," CPCU Journal. This article provides some interesting information about unmanned aviation risk management.
  • Value of Higher Education initiative, NACUBO. This initiative aims to counter the negative discourse surrounding the value of higher education, promote its myriad benefits and shape public opinion toward a more positive perception of its contribution. We all need to be advocates for the value of higher education!
  • NCAA Board of Governors Policy on Campus Sexual Violence, adopted August 8, 2017, National Collegiate Athletic Association (NCAA). According to a recently adopted NCAA sexual violence policy, coaches, college athletes and athletics administrators are required to complete education each year in sexual violence prevention.

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URMIA members in the news

 Copyright Nicolas Alejandro
Copyright Nicolas Alejandro

URMIA's membership continues to grow. Help us welcome our newest members, and read on to learn about the professional updates from your colleagues.

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Insights is the bi-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

Insights from URMIA's president

By Kathy Hargis, Associate Vice President of Risk Management & Compliance for Lipscomb University, President of URMIA

Each year in the September edition of Insights, it seems every URMIA president has commented on how quickly his or her year in office went by. Up until now, I did not fully grasp the scope of that statement. As I draft this letter, I fully understand their meaning as it seems like just yesterday that we were leaving San Diego, and here we are, just a few weeks away from our Orlando Annual Conference. It has definitely been a very busy and productive year for our organization, and I look forward to highlighting our 2016-2017 accomplishments in more detail during the state of the association address in Orlando. However, I would like to share with you a few highlights from the year at this time.

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News Briefs

Report finds student disciplinary processes at some institutions of higher ed don't provide adequate due process
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Tropical Storm Harvey leaves devastation for campus communities across southeast Texas
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Butler University gives risk and insurance students hands on experience with its own working captive insurance program
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Independent Undergraduate Interfraternity Council at University of Colorado at Boulder sees successes in managing fraternity health and safety
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Most serious charges dismissed in Penn State fraternity brother's death
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Affiliate Innovative Resources

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Announcements

URMIA's 48th Annual Conference is our largest conference ever! 
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URMIA regional conferences in Chicago, Toronto, Providence and San Diego in 2018 
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Introducing Risk Management Wednesdays: URMIA updates our Risk Management Week to span all of November 
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Join URMIA's RM events community for the latest in risk management
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URMIA retiree dinner in Orlando: Plan to join us on September 23!
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URMIA and PRIMA partner to offer two ERM trainings in 2017
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