2022 Chicagoland Risk Forum

 

Educational Sessions

 

Streamlined Disaster Planning for Risk Managers

Breakout Session One: 1:30 pm – 2:15 pm

Company: ServiceMaster

Speaker: Cal McCarty

Disaster Planning for Risk Managers has changed in landscape from year to year consistently. The days of creating a “binder” for protocol and expecting everyone within an organization to learn and adhere to your response planning has passed.

In this session, learn how to choose the correct Disaster Planning partner and how to work with them to install a Disaster Plan and Response that is centralized, streamlined, and not only easy to use and train, but how to access it and hit “GO” when disaster occurs. 

This session will outline the WHO, WHERE, and HOW of a real streamlined process. Who are the partners we work with and what are their capabilities? Where are they located? And most importantly, when needed, how do I access them and get your Disaster Plan into real response. 

Is the Insurance Brokerage Industry Broken?
“Translating Value” of effective risk management and insurance to the C-suite and Board

Breakout Session One: 1:30 pm – 2:15 pm

Company: HUB International

Speakers: Geoff Hatfield, Tim Routhieaux, Scott Webb

The global insurance marketplace is fundamentally broken.  In prolonged periods of declining rates insurance brokers tout their incredible marketplace leverage, data and analytics and expertise as the reason for delivering rate decreases to clients.  

Now approaching 20 consecutive quarters of increasing rates, brokers are hiding behind buzz words such as “climate change”, “social inflation”, and “nuclear verdicts” to explain why premiums are increasing and they are missing the budget targets provided to their clients.  While these market factors are relevant for some insureds, companies by-in-large continue to accept this narrative instead of demanding better outcomes from the brokerage industry. 

Insurance brokers are far too transactional and reactive in nature and insureds must demand a more strategic and proactive brokerage relationship to truly leverage risk and human capital management as a competitive advantage.

Increasing the Value to Risk Management

Breakout Session One: 1:30 pm – 2:15 pm

Company: myCOI

Speakers: Anne Fentress, Gina Brown 

Our goal with this education session is to create a collaborative discussion around the benefits of adopting and applying organization-wide awareness of risk management procedures and best practices. Far too often, there is minimal interdepartmental communication pertaining to the risk of noncompliance and what that could mean on an organizational level. Risk management transparency and education throughout all departments enable individuals in the company to come together toward a common goal of compliance. 

By educating all employees on risk management and directing a collaborative safety discussion around the individual departments and their exposures, we are finding ways to work together to achieve maximum compliance.

Cyber Threats and Trends in 2022

Breakout Session Two: 2:45 pm – 3:30 pm

Company: Wilson Elser Moskowitz Edelman & Dicker, LLP

Speakers: Anjali C. Das, David Ross, Jennifer Stegmaier

This session will provide an up-to-date overview of Cyber-related threats and trends in 2022, including (1) the rise of ransomware attacks and targeted attacks on U.S. critical infrastructure and the supply chain in the wake of the Ukraine-Russia conflict; (2) the recent U.S. Supreme Court decision in TransUnion v. Ramirez and impact on data breach class action litigation; and (3) the evolving regulatory landscape, heightened scrutiny and enforcement by state and federal regulators in connection with data breaches.

The Emerging Intellectual Property Market During a Recessionary Period

Breakout Session Two: 2:45 pm – 3:30 pm

Company: AON

Speakers: Peter Holz, Ian Lewis, Sean Doyle

This session will focus on the importance of Intellectual Property (IP) liability insurance; how has it evolved and why companies need it.

Environmental, Social, Governance [ESG] is one of the hottest topics in business, politics, and society today. Investors, regulators, consumers and employees have brought corporate social responsibility to the forefront in all of our organizations, transforming the way we do business and creating new risks and opportunities to be managed. Increasing the urgency to act, the Securities and Exchange Commission (SEC) recently proposed new regulations that will expand and standardize company disclosures about climate-related metrics and will require increased board accountability (with management) for efforts to mitigate those risks.