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Risk Management’s April Issue is Online

APRIL COVER

The April issue of Risk Management magazine is now available online.

This issue contains in-depth features covering:

  • The broken banking system — can it be fixed?
  • Finding and fixing corporate misconduct
  • Product safety
  • Nanotechnology — its potential and its hazards
  • Supply chain risks
  • RIMS 2010 Boston preview

There are also several columns in this issue that examine:

  • The Toyota recall
  • Risk management within the energy industry
  • Financial risks for insurers
  • A timeline of deadly earthquakes throughout history
  • A risk atlas illustrating pollution enforcement in the UK

The magazine is best viewed in its digital format, available by clicking here or by visiting Risk Management magazine’s homepage.

Grasshoppers a Major Risk for Western Farmers

grasshopper

Officials throughout the West are claiming that grasshoppers will likely hatch in bigger numbers than any year since 1985 — a year that saw “hundreds of millions of dollars in damage when [the grasshoppers] devoured corn, barley, alfalfa, beets — even fence posts and the paint off the sides of barns.”

The article in the Wall Street Journal cites a federal survey of 17 states taken last fall that found dangerously high numbers of adult grasshoppers in farming states throughout the West. Taking into account the fact that the female grasshopper lays hundreds of eggs — the spawning of these insects could be catastrophic.

A rancher near Buffalo, Wyo., Mr. Fieldgrove was enjoying a banner year last summer when, seemingly out of nowhere, crawling carpets of hoppers marched onto his rangeland — a harbinger of this year’s infestation. In three weeks, they had eaten every blade of tender, nutritious grass on his 10,000 acres. They also ate his wife’s lilac bushes. “They took it all,” Mr. Fieldgrove said.
Unable to find enough grass, Mr. Fieldgrove’s 200 young calves began to lose weight. He ended up selling them at auction several weeks earlier — and 60 pounds per calf lighter — than planned. And he had to import hay to feed the mother cows he kept on his ranch for the winter.
The grasshoppers cost Mr. Fieldgrove about $30,000 in profit, he said — and local agricultural officials are warning him it could be worse this year.

A rancher near Buffalo, Wyo., Mr. Fieldgrove was enjoying a banner year last summer when, seemingly out of nowhere, crawling carpets of hoppers marched onto his rangeland — a harbinger of this year’s infestation. In three weeks, they had eaten every blade of tender, nutritious grass on his 10,000 acres. They also ate his wife’s lilac bushes. “They took it all,” Mr. Fieldgrove said.

Unable to find enough grass, Mr. Fieldgrove’s 200 young calves began to lose weight. He ended up selling them at auction several weeks earlier — and 60 pounds per calf lighter — than planned. And he had to import hay to feed the mother cows he kept on his ranch for the winter.

The grasshoppers cost Mr. Fieldgrove about $30,000 in profit, he said — and local agricultural officials are warning him it could be worse this year.

Wyoming is one state that refuses to lay in wait for the pesky critters. The cowboy state has allocated $2.7 million towards suppression efforts, including aerial spraying of pesticides. But if Wyoming, along with other western states such as Idaho, Montana, Nebraska and South Dakota, do not receive additional funding for grasshopper suppression, results could be disastrous.

Picture 4 2010 may, unfortunately, become the year of the grasshopper, just as 2005 was the year of the locust. In that year, locusts devastated farms and agricultural businesses from western Africa to eastern Australia, a topic Risk Management covered with an in-depth feature.

We’ll be keeping an eye on this potential agricultural catastrophe — check back for updates.

March Issue of Risk Management Now Online!

March10

Faithful readers — it’s the moment you’ve (maybe?) been waiting for since last month’s issue of Risk Management was put online. The March issue is now available here.

Within it, you’ll find features focusing on Haiti and the future of disasters, brain injury recovery, ERM challenges and CEO succession planning.

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Also available are articles covering the compensation controversy, airport security, data hoarding and much more.

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Check out the digital edition, which offers stunning graphics and all the pleasures of the print edition right there on your computer screen. Please let us know if you have any questions or comment.

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Thanks for reading.

Risk Management’s January/February Issue is Online

The January/February issue of Risk Management magazine is now available online.

This issue contains in-depth features covering:

  • The property/casualty market — will it remain soft?
  • The hidden risks of open source code
  • How to take the stress out of work
  • How to communicate with employees of different generations
  • A look back at 60 years of the Risk and Insurance Management Society

There are also numerous columns in this issue covering:

  • The smart grid — is it smart enough?
  • Regulatory pressure for risk managers
  • Creating a compliance framework
  • 10 questions for your insurer
  • Internal Investigation Missteps
  • A Q&A with Navigant Consulting
  • An all-encompassing timeline of pandemics
  • A risk atlas highlighting the Eurasia Group’s top 10 global risks for 2010

Also, don’t forget to check out “Insurance Coverage for Product Recalls, Property Damage & Injuries,” a special, online-only column written by the professionals at Anderson Kill & Olick, P.C. For the digital edition of the January/February issue of Risk Management, click here.