from the president - SLIDEBLAST.COM [PDF]

FROM THE PRESIDENT HELLO MEMBERS AND FRIENDS! The NJ Chapter spent the winter kicking off the new year, and the spring and summer have passed by rapidly. In January, we installed new officers (see article on page 2). Among them is me. I will serve as President for 2014. I am no stranger to NJ RIMS, having served as a Director since 2002, and also as Secretary and Vice President in years past. Both Kris Wrzos and Karyn Connor have also been on the Board for several years. Kris will chair the Golf committee this year, and Karyn will continue as Membership Director as well as Secretary. Board member Ike Jenkins has taken on the chair role for the Education committee. Danielle Roth will take over the Communications committee. See page 2 for more on Danielle. Save the date for our Seventh Annual Risk Management Day to be held on November 11. More information on this event will follow and exhibitor opportunities will be available.

CONTENTS 2 2014 Officers Thank You Danielle! 3 Supply Chain Risk Article 5 Thank You Speakers! 6 Welcome New Members 7 Annual Golf Event Details 8 Membership Info

EDITOR Danielle Roth AVAILABLE ONLINE newjersey.rims.org

The chapter was excited to learn that the first NJ RIMS Spencer scholarship was awarded this spring. In case you missed the news, in 2013 we announced that the NJ Chapter is funding a $100,000 named scholarship through the Spencer Educational Foundation. The proceeds of our golf outing will be dedicated to this award. The 2014 outing is coming up on October 1. At this writing, golf foursomes are almost sold out. We can always use more sponsors though! See page 7 for more information about the Golf outing and sponsorship opportunities. During the summer hiatus the Board met to plan the programs for 2015. Thanks to all the folks who responded to our inquiry regarding topics that would be of interest. We reviewed each suggestion and will finalize the program in the coming weeks. In other news, we recently polled primary deputies to request changes to our by- laws. RIMS gave chapters the right to include Associate members (generally brokers, underwriters and service vendors) on chapter committees. We hope to amend our by-laws to document this, which requires a majority vote from member companies. If you missed our email, please expect a follow-up from a board member. It seems like ages ago, but several of us attended the national conference, which was held in Denver in late April. The weather was brisk, but we enjoyed the conference and visiting a new city. We look forward to seeing many of you at our fall programs. Anita DiGiulio, President, NJ Chapter

DESIGN black-dog-design.com

FALL ISSUE | SEPTEMBER 2014 1

THANK YOU DANIELLE ROTH At the February meeting, President Anita DiGiulio presented a Certificate of Appreciation to Danielle Roth, who served as President for the 2012 and 2013 years. See photo below. Danielle also served on the Communications committee, spearheaded our presence on LinkedIn, implemented our first named scholarship at the Spencer Educational Foundation, and co-chaired Risk Management Day in 2013. Anita commented on Danielle’s multi-tasking skills: “She did all this while also managing a demanding job at Verizon, and dealing with newborn twins.” Danielle is continuing to serve NJ RIMS on the Board of Directors and is chairing the Communications committee. If you are interested in participating in this committee, please contact Danielle at [email protected].

OFFICERS FOR 2014 New Officers for 2014 were elected by the Board of Directors in January. Pictured here are President, Anita DiGiulio; Vice President, Kris Wrzos; and Secretary, Karyn Connor. Joe Frank, former President of the Chapter, will serve as the Chapter Delegate to the National RIMS Board of Delegates. Continuing as Treasurer is Peter Caust. Board members returning from last year are Karen Sohl, Ike Jenkins, and Danielle Roth.


this article reprinted with permission from: Jamie Crystal and Crystal & Company

Supply Chain Risk suppliers domiciled in developing economies.

Issues and Trends Impacting Global Supply Chains

GLOBAL SUPPLY CHAIN

Inordinate pressure to reduce costs

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“All-risk” property insurance program is limited to physical loss or damage

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Lack of understanding of cargo insurance program (i.e. delays)

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Our model evaluates several types of risk. For example, the map to the left shows the likelihood of an earthquake for suppliers in Asia. S U P P LY C H A I N M O D E L I N G

& Company has developed a comprehensive web-based risk management tool and proprietary 1. 2. 3. 4.

R E S U LT S

Crystal & Company’s supply chain risk management tool enables a company to obtain the necessary our clients to understand these risks at the local, regional, and global level so that they can make


THANK YOU 2014 SPEAKERS JANUARY 2014: The NJ Chapter met on January 14. The topic was “Managing International Insurance Programs.” Bruce Wineman, Sr., Managing Director of AON Global, and Tracey Estes, Regional Underwriting Manager for AIG Worldsource, presented an excellent and informative program. The speakers are shown here with Kris Wrzos, who coordinated the program on behalf of the Chapter.

FEBRUARY 2014: Cyber Liability was the topic at the February 11 meeting of the NJ Chapter. Panelists Mark Greisiger of NetDiligence, John Mullen of Nelson Levine DeLuca, and Toby Merrill of ACE addressed this timely topic with examples straight from the headlines. Here is photo of the speakers, along with Karyn Connor, who coordinated the session for the chapter.

MARCH 2014: The NJ Chapter met on March 11 and discussed effective Disaster Response and Recovery. Speakers from Ernst & Young addressed the group and presented the results of a recent study on response to Catastrophic Claims. Michael Fazekas, and Marisa Wiethe, Managers with the Insurance Claims Services unit of Ernst & Young were the speakers this month. Also pictured is Matylda Spataro who coordinated the program for the Chapter.


THANK YOU 2014 SPEAKERS (CONTINUED) MAY 2014: The attendees at the May 13 chapter meeting heard from several risk managers about their issues with managing vendor insurance compliance. The panel is shown below from left: Anita DiGiulio from Hartz Mountain, Alicia Cherniak from Briad Management Services, and on the right, Al Rosenthal from Verizon. Jeffrey Krieger from CertFocus summarized the issues and discussed recommended “best practices” in this area.

JUNE 2014: “Total Cost of Risk” was the topic of the June meeting of the NJ Chapter. Len Resto, VP from USI Insurance Services illustrated indirect risk costs using case studies from his experience. Ben Fidlow, MD, at Marsh USA provided an analytic approach to computing risk costs. The panel was coordinated by Ike Jenkins on behalf of the chapter.

WELCOME NEW MEMBERS The Chapter welcomes the following NEW members: Andrew David, Alvogen Group Inc. Alicia Cherniak, Briad Management Services, LLC David Cahill, Briad Management Services, LLC Monira Gamal-Eldin, C. R. Bard, Inc. Kevin Gardner, Connell Foley LLP Davis Lee, Formosa Plastics Corporation, U.S.A. Karen Ho, Formosa Plastics Corporation, U.S.A. Norberto Torres, Formosa Plastics Corporation, U.S.A. Stephen Barron, Honeywell International Inc. Steve Kokulak, Magnacare Leonard August, Med-X Medical Management Services Sheryl Myers, Michael Kors Holdings Limited Troy Sherin, NEFCO

Robert Kang, Polo Ralph Lauren Corporation Mary Ellen Redding, Premier Orthopaedics & Sports Medicine, PC Alice Lihou, Qual-Lynx Kenneth Young, Rutgers, The State University Chirag Shah, Sanofi US North America Security Elizabeth Zimmerman, Valeant Pharmaceuticals International, Inc. Adria Correa, Verizon Communications Edward Solovay, Verizon Communications Susan Bixby, Verizon Communications Kirssy Gonzalez, Volunteers of America-Greater New York, Inc. Leila Kahn, Volunteers of America-Greater New York, Inc. Judy Klein, Xylem Inc. Laurie Erickson, Zoetis


NJ RIMS GOLF INVITATIONAL WEDNESDAY, OCTOBER 1, 2014 FOX HOLLOW GOLF CLUB Once again, the New Jersey Chapter of RIMS is pleased to invite you to this golf outing, our annual fundraiser. Please join us at this event, and bring along your clients and service providers. Attached is a flyer with a registration form and other information about the tournament. Please note that our foursomes sell out quickly every year. Register early! EVENT SCHEDULE 7:00am Registration & Continental Breakfast Practice Range & Putting Contest 8:45am $5,000 Putting Challenge

SPONSORSHIP OPPORTUNITIES Player Giveaway (includes foursome): $4,000 Golfers Oasis (includes foursome):$4,000 Dinner (ad placed on each table: $2,000 Golf Cart Fleet (ad placed in each cart): $2,000 Cocktail Reception (with signage & Sponsor’s logo cocktail napkins): $1,500 Awards: $1,500 Putting challenge ($5,000 prize):$1,500 Golf Balls (with sponsor’s logo): $1,300 Hole-In-One Contest (Luxury Auto): $1,000 Breakfast: $1,000 Luncheon: $1,000

9:00am Shotgun Start

Beverage Station: $ 800

3:00pm Cocktail Hour

Golf Tees (with sponsor’s logo: $ 600

4:00pm Dinner & Awards

Hole contest (with sponsor participation): $ 500

PAYMENT OPTIONS Pay by check made out to “NJ Chapter RIMS”- Please send to Steve Farnesi, P.O Box 3398, Easton, PA 18043 OR Pay by PayPal, please pay “[email protected]” via the “Send Money” tab in Pay Pal. Please notify Steve at [email protected], once payment is sent

Putting Green: $ 500 Driving Range: $ 500 Raffle Prizes: $ 500 Tee Sign: $ 200 Eagle - Foursome+Tee Sign: $1,800 Birdie - Twosome+Tee Sign: $1,100 Individual Player: $ 600

GOLF REGISTRATION FORM Please complete & return to: Steve Farnesi PO Box 3398 - Easton, Pa. 18043 [email protected] Player 1 – Foursome Point of Contact: COMPANY

ADDRESS

BUS. PHONE

EMAIL ADDRESS

Player 2 BUS. PHONE

EMAIL ADDRESS

Player 3 BUS. PHONE

EMAIL ADDRESS

Player 4 BUS. PHONE

EMAIL ADDRESS


MEMBERSHIP INFORMATION The NJ RIMS Chapter accepts members who have joined RIMS at the National level. 2014 RIMS Membership categories and dues are:

2014 NJ RIMS CHAPTER DUES: Organizational / Professional Member: $75 Associate Member: $100

CORPORATE ORGANIZATIONAL MEMBERSHIP - $550 If you are an employee of a company or organization for which you have risk responsibilities, then your company is eligible to become an Organizational member of National RIMS. You and a colleague (must also be an employee with risk related responsibilities) will be designated as your company’s individual or “Professional” members. The membership for your company and two individuals is included. The membership belongs to your employer, and not the individuals. Additional Professional members can be added to the membership for an additional fee.

NJ RIMS does not charge dues for the following membership categories: Student, Affiliate, Educational, and Retired.

INDIVIDUAL ASSOCIATE MEMBERSHIP - $550 Associate membership is available to individuals who provide products or services to those in the risk management profession (Broker, Underwriter, Consultant, Attorney, Accountant, Actuary, Outsourced Risk Manager, etc.). The membership belongs to the individual, and not the company. OTHER AVAILABLE MEMBERSHIP CATEGORIES INCLUDE: Student, Affiliate, Educational, and Retired. For more information on RIMS National categories and dues, please visit: http://www.rims.org/membership/Pages/ CategoriesandDues.aspx

MEMBERSHIP EXAMPLES: Organizational/Professional member: You are a risk manager at a company. The total fee to join RIMS National and the NJ RIMS Chapter would be $700 ($550 National, plus $75 each for the Chapter for two Professional members ). Membership for the organization and two professional members is included. The membership belongs to the company. If one of the professional members leaves the company, the company is able to designate another professional member. Additional Professional members can be added for an additional fee. Associate member: You are an insurance broker. The total fee to join RIMS National and the NJ RIMS Chapter would be $650 ($550 National, $100 Chapter). Membership for one individual is included. The membership belongs to the individual. If the member leaves his or her company, the membership stays with the individual regardless of who paid for the membership. To obtain a RIMS membership application or to apply on-line, please visit http://www.rims.org/JoinWizard/Default.aspx

In addition to the RIMS National membership dues above, members are required to designate a local chapter and pay the applicable dues.
