About Emily Holbrook

Emily Holbrook is a former editor of the Risk Management Monitor and Risk Management magazine. You can read more of her writing at EmilyHolbrook.com.
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Indonesia’s Year of Tragedy

The recent tsunami that devastated several remote islands in Indonesia has brought to light the country’s horrible history of natural disasters. Here, we take a look at the worst disasters to strike the chain of islands in Southeast Asia this year alone.

June 16, 2010: The 7.0 magnitude Papua earthquake destroyed nine villages and killed 17 people. More than 2,500 houses were destroyed. This came on the heels of the 2009, 7.6 magnitude Papua earthquake that killed four and injured dozens.

October 6, 2010: The Papua area experienced yet another disaster when torrential rains caused overflowing rivers and landslides. More than 145 people were killed, more than 800 injured and hundreds more displaced. The government blamed heavy rains for the severe flooding, rather than illegal logging and deforestation.

October 25, 2010: The U.S. Geological Survey reported a 7.7 magnitude earthquake struck off the coast of Indonesia’s Sumatra island, causing a deadly tsunami.

October 25, 2010: The tsunami struck Indonesia’s Sumatra province, flattening villages and a resort. West Sumatra provincial disaster management official Ade Edward was quoted as saying, “The number of dead is now 282 and 411 are missing.” He said aid such as food, blankets and tents had begun filtering into the affected areas but that clean water was scarce and that the risk of disease was growing. Indonesian officials have said that the country’s tsunami warning system was not working because it had been vandalized. (The warning system was implemented after the horrific 2004 earthquake and tsunami that killed more than 230,000.)

October 26, 2010: Indonesia’s most volatile volcano, Mount Merapi, erupted, killing at least 28 people. Authorities have been attempting to evacuate 11,000 villagers living on the slopes of the volcano where many houses have been destroyed. Among the dead was the elderly spiritual guardian of the volcano, a man who, Japanese believed, possessed magical powers over the mountain.

Fantasy Football: Good for Work or Bad for Business?

fantasy football

If you don’t participate in a fantasy football league, you may be considered a rare breed these days. According to the Fantasy Sports Trade Association (FSTA), there are close to 30 million fantasy players in the United States alone, an increase of 54% from just two years ago.

Sounds great, unless of course your employees are using company time to perfect their fantasy starting lineups. Some companies have blocked access to fantasy sports sites (the most common being those offered by Yahoo, ESPN and the NFL), while other companies have fired employees on the spot for engaging in fantasy football during working hours. You may remember the case of 26-year-old Cameron Pettigrew, who, along with four colleagues, was fired from Fidelity Investments without warning for participating in a fantasy football league with coworkers.

This is a case of extremes, however. According to a survey of HR professionals from around the country by global outplacement consultancy Challenger, Gray & Christmas, nearly half (46%) say they do not care if employees engage in fantasy football at work as long as their work performance does not suffer.

“Other surveys show that people are indeed managing their fantasy teams from work. However, what we are hearing from the human resources community is that this is not at all affecting the level of output workers are expected to deliver,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas.

But it is interesting to note that the FSTA says fantasy football players spend roughly four hours a week adjusting rosters, researching injury reports and proposing trades to their friends. Of that time, approximately 1.2 hours of fantasy team management occurs at the office. And, according to estimates from Challenger, Gray & Christmas, American companies could be losing as much as $1.5 billion in productivity during an average football season because of fantasy leagues.

Even so, some companies see benefits from employees engaging in fantasy sports together, such as boosted morale and improved workplace relationships.

“Managers should only crack down on those whose work is clearly suffering from the added distraction,” said Challenger. “An across-the-board ban on all fantasy football or sports websites could backfire in the form of reduced morale and loyalty. The result could be far worse than the loss of productivity caused by 10 to 20 minutes of team management each day. Companies that not only allow workers to indulge in fantasy football, but actually encourage it by organizing a company leagues are likely to see significant benefits in morale as well as productivity. In the long run, this may lead to increased employee retention.”

What do you think? Should fantasy sports be banned from the office or encouraged among coworkers?

[poll id=”8″]

Volunteer Week for the Insurance Industry

The insurance industry isn’t just about claims, preparedness or the bottom line, as evidenced by the Insurance Industry Charitable Foundation’s (IICF) Volunteer Week, which kicked off over the weekend and lasts throughout the week.

Though the west coast is quite familiar with Volunteer Week — it began there 13 years ago — the event is new to the New York, New Jersey and Connecticut tri-state area.

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Within the region, IICF expects more than 1,000 insurance industry professionals to get involved with hands-on volunteer efforts involving more than 80 different projects.

Volunteer Week is an eight-day industry wide event from Oct. 16-23, where teams of insurance volunteers provide three or more hours of volunteer service at neighborhood and community nonprofit organizations throughout the week. Nationwide, more than 2,000 volunteers are expected to participate in 2010 in IICF Volunteer Week.

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Coordinated and managed by local non-profits, community service organizations, and schools, the volunteer events include those helping deal with disaster preparedness, education, the environment, housing, senior issues, women’s issues, and youth and children.

Betsy Myatt, executive director of IICF’s New York division, commented:

“The power of the insurance industry’s people is truly impressive, and we are just scratching the surface with our first-ever Volunteer Week here in the New York tri-state region. We applaud the hundreds of industry volunteers here in this area and thank the many charities for coordinating volunteer opportunities.

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The IICF website lists examples of volunteer projects, such as:

  • Filling food bank shelves with food
  • Improving the environment through habitat restoration work
  • Making drab facilities more cheerful by putting on a fresh coat of paint
  • Educating young people through skills training
  • Preparing food for people with AIDS and other terminal illnesses
  • Helping to build homes or improve neighborhoods for low-income families

The IICF was formed in 1994 to support nonprofit programs throughout California. Today, IICF has expanded its west coast reach and has extended to the east coast as well, forming a national presence.

helping hands

Recap of the Inaugural CLM Women’s Forum

I may have been a bit reluctant to leave a looming deadline to spend an afternoon at an industry conference, but that reluctance soon gave way to amazement as I listened to professional women, one after another, describe their undying motivation, their history of hard work and their successful attempts at breaking the glass ceiling. Here are a few excerpts from many of the panelists:

LoriAnn Lowery

At the first annual Council on Litigation Management’s National Women’s Forum, one of the first speakers was LoriAnn Lowery, president of field operations for Naviators and former president of Lloyd’s North America. Using her 20 years of experience in the insurance industry, Lowery talked about her seven principles to live by as a female in the male-dominated world of insurance.

  1. Don’t let the past dictate the future — forget your past shortcomings
  2. Be aware of the power of perception — take control of your perception, be self-aware, ask others frankly about their perception of you
  3. Evaluate where you are — perform your own personal 360
  4. Identify your constraints — this touched on the psychologically-based theory of constraints
  5. Evaluate where you want to go, both inside and outside of your current organization — make your career happen for you and don’t be seen as a commodity
  6. Assess your leadership quotient — this is determined by both emotional and intellectual intelligence
  7. Brand yourself for career success — make a personal mission statement, perfect your 2-minute personal elevator speech, network and form a personal advisory board

Paula R. Watson

Watson’s background proved impressive to the 250+ crowd. She is a graduate of the United States Army War College. After that, she served more than 23 years in the United States’ Army Judge Advocate Gerneral’s Corps and retired as a decorated Colonel. She currently serves as vice president and senior counsel for TD Bank.

Watson made it clear that those in the room, along with successful people in general, are successful because:

“You know how to change missteps into opportunities. You have learned to sell a misstep to be something positive — it’s a growth opportunity.”

Dorien Smithson

Smithson proved to be no-nonsense, straight shooter. She has more than 30 years of experience in the risk management and insurance industry and currently oversees all Willis, North America claim, risk control and data analytics. Smithson told the audience that there is a difference between aggressive and assertive. She is sometimes seen as aggressive, while her male coworkers are seen as assertive — representing the classic double standard. She encouraged, to a certain extent, aggressiveness/assertiveness in the workplace — however you want to refer to it. A few of other favorite quotes from Smithson:

“If I sleep through the night, it’s probably time for me to go.” — In response to a question asking how the panelists knew it was time to move in a new direction within the company, or to a new job altogether.

“I don’t really have that gene.” — In response to LoriAnn Lowery’s claim that sometimes women can be too nurturing in the work environment because it’s in their DNA.

More Quotable Quotes:

“A great leader is able to get more out of their team that the sum of the parts.” — Kate Bertini, assistant general counsel, United Technologies Corporation

“Ask yourself: Can you articulate your client’s desires and concerns?” — Julie Fortune, senior vice president and chief claims officer, Arrowpoint Capital

“Don’t be high-maintenance. Take control instead of asking permission. Don’t be too nurturing.” –LoriAnn Lowery, president of field operations, Navigators

“Once [professional women] climb the corporate ladder, they reach not only a glass ceiling, but sometimes a glass cliff.” — Deborah Masucci, vice president, Chartis

“When I started 28 years ago in the litigation business, I walked into the courtroom and the judge said to me, ‘Are you here to drop something off, sweetie?'” — Ricki Roer, partner, Goehring, Rutter & Boehm

“Women that have succeeded need to get real and help their brethren.” — Deborah Masucci, speaking about the importance of mentoring

“Expand your pool of suppliers. Don’t just pick up the phone and call who you always call. Support women, minorities and the GLBT community.” — Robin Sangston, vice president of legal affairs, Cox Communications

Altogether, the afternoon conference was a great learning experience from women who have become pioneers in their field. Not only was it exciting to learn from these women within the industry, it was, maybe most importantly, extremely inspiring.