Author Archives: Hilary Tuttle

About Hilary Tuttle

Hilary Tuttle is the managing editor of the Risk Management Monitor and Risk Management magazine.
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And the RIMS Awards Winners Are…

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DENVER— At today’s RIMS 2014 Awards Luncheon, the risk management society issued its top marks of distinction for leadership and achievement in the industry.

RIMS’ most prestigious honor, the Harry and Dorothy Goodell Award went to Mark DeLillo, director of risk management for Taylor Morrison, Inc., in Scottsdale, Ariz (pictured above with RIMS President Carolyn Snow). Named in honor of RIMS’ first president, the award pays tribute to an individual who has furthered the goals of the Society and the risk management discipline through a lifetime of outstanding service and achievement.

Recognizing outstanding performance in furthering risk management at the chapter level, the Ron Judd “Heart of RIMS” Award was given to Hal D. Larson, vice president and risk manager of the Kent Corporation and a member of the RIMS Greater Quad Cities Chapter in Iowa.

Scott B. Clark, risk and benefits officer with the Miami-Dade County Public Schools, received the Richard W.

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Bland Memorial Award for commitment in the area of legislation or regulation.

Melissa Swanson, a risk management analyst with California Polytechnic San Luis Obispo, won the Cristy Award, presented to the individual who scored the highest marks on three exams required to earn the Associate of Risk Management designation.

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RIMS also honored William M. Zachry, vice president of risk management at Safeway Inc.

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, with the 2014 Risk Manager of the Year Award, issued in association with Business Insurance magazine.

Engagement in the risk management community continues to rise, and the awards highlighted the society’s growth over the past year. RIMS recognized 17 chapters across the country that notably increased membership—nine chapters grew by at least 9% in 2013, and another eight chapters expanded by at least 6%.

RIMS Inducts Two Industry Leaders Into Risk Management Hall of Fame

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DENVER—Veteran practitioners Lucille “Lucky” Gallagher and Charles “Chuck” Magazine were honored today as the latest inductees to the Risk Management Hall of Fame. Presented by AIG and RIMS, “The RMHF serves as a means to maintain the history of the field of risk management and recognizes risk practitioners who have made significant contributions to advancing the discipline.”

“The prominence of today’s risk management profession is a credit to industry leaders like Lucky Gallagher and Chuck Magazine who, throughout their careers, have continuously gone above and beyond,” said RIMS Executive Director Mary Roth.  “It is an honor for us to announce this year’s Risk Management Hall of Fame inductees and recognize them for all that they have achieved for RIMS and the profession.

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”

In her 35-year risk management career, Gallagher served as vice president of risk management for ConAgra, vice president of operations for wholly-owned captive insurance company Weld Insurance Co., and CRO and managing partner of consulting firm Human Resource Risk Management. She was an active member of the RIMS executive committee, taking on the role of vice president of both government affairs and conferences before serving as president in 1994. Gallagher held positions on several state insurance bodies, including the State of Colorado Insurance Board and the Governor’s Workers Compensation Oversight Task Force.

Before his death last year, Magazine was a 40-year veteran of health care risk management and a prominent representative of the RIMS community in Florida.

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In addition to several positions held with the Palm Beach County Chapter, he served on the society’s Member Chapter Services Committee and was a proud supporter of the Spencer Educational Foundation, even serving as the organization’s Risk Manager in Residence at Middle Tennessee State University. After his work helming a committee to give local legislators a “boots-on-the-ground” perspective of risk management and partnering to create a statewide version of RIMS on the Hill for Florida, he was awarded the RIMS Richard W.

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Bland Award in 2008 for outstanding achievement in legislative and regulatory affairs.

The Conference Catalyst’s Top Tricks for Networking

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Networking Tips

On the opening night of RIMS 2014, the first-timer orientation offered newcomers inside tips and tricks for this year’s conference in Denver. This year’s annual risk management summit offers more educational sessions and booths to visit than ever before, but that is only half the experience. For the other half, Thom Singer, “The Conference Catalyst,” shared some of his expert advice on networking, whether at one of the many parties or on the packed exhibit hall floor.

With the theme “Connecting with People in a Social Media Crazy World,” Singer emphasized the a return to basics when facing the unique challenges of getting off your devices and moving beyond social media relationships to form real connections.

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“When you’re with people, remember it choose people,” he said. “There is some assembly required — you have to make decisions and do work to build your network.

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And when you do, you’re not just building connections, but building your brand and taking control of it.”

Here are a few of his top tips for making the most out of your time at the conference:

  • Hallway conversations are learning opportunities, and you never know who you’ll meet just through serendipity
  • Put your phone away during breaks and lunches — don’t let technology become a social crutch
  • Make it easy for people to talk to you by smiling and being approachable
  • Wear your nametag: it says you’re part of the club while you’re here and offers an immediate way to start any conversation — and if you see a nametag, take advantage of the opening
  • Leave your workers behind — sometimes, you have to remember this isn’t a junior high dance, leave your clique behind and surround yourself with new people
  • Be curious about other people and ask questions, don’t just wait around to hear what they can do for you
  • Know your own brand — it’s how people will remember and talk about you down the line, so think about what you want your brand to be and take active ownership
  • Follow up: A Facebook like or a retweet is just a Facebook like or a retweet, not a connection — those require work and engagement over time, so this one meeting is just the start

New PwC Study Shows Optimistic Shifts in CEO Focus

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PwC’s new 2014 US CEO Survey takes the pulse of executives nationwide to get a sense of where the C-suite should be optimistic, what company transformations to expect in 2014, and what impacts may result in the near future. Overall, CEOs have a remarkably positive near-term outlook and expressed far more optimism than in recent years.

This year, 61% of CEOs plan cost-cutting measures–down 12% from last year. Almost 9 out of 10 are pretty sure their company will deliver revenue growth this year, with 36% even thinking it is already certain.

Growth is in for 2014. Indeed, 62% expect to hire more people this year. According to PwC, that is the highest rate of anticipated “headcount expansion” in the last five years.

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CEOs are also looking for ways to capitalize on potential within the existing structure, with 86% predicting that advancing technologies are what will transform their business over the next five years. Further, 36% believe that product and service innovation offers the main opportunity for growth in 2014.

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Some other key trends on the horizon:

Respondents considered the BRIC countries notably less important to future growth, continuing a decreasing focus on these regions since 2011.

BRIC Countries Graph

Transformational trends also showed a move away from focus on political and geographical efforts toward building and strengthening internal resources like technology.

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Transformational trends

CEOs are clearly focusing overwhelmingly on technology for growth. The specific developments generating the most interest for the C-suite are:

Technology Trends