and Insurance Management Society, Inc.
Los Angeles Chapter
L.A. RIMS NEWS
The Newsletter for
Risk and Insurance Management Professionals
RIMS News March 2004
The RIMS 2004
Annual Conference and Exhibition is April 18-22, 2004 in San Diego,
California. The conference is the most influential event for risk
management professionals. Attracting more than 10,000 attendees and 400
exhibiting companies, the conference offers the widest range of
educational and networking opportunities available.
sessions include over 150 topics such as “My Policy Says What”, “Insurance
Market Update”, and “Benchmarking Cost of Risk”. The class size is usually
small allowing interactive exchanges between participants. In addition to
the educational sessions, there are many other events during the week.
offers condensed review classes for candidates studying for their ARM.
The speaker of the
general session of the conference session is James Schiro. Mr. Schiro is
Chief Executive Officer of Zurich Financial Services Before joining
Zurich, Mr. Schiro was the Chief Executive Officer of Price Waterhouse and
in 1998 led the creation of PricewaterhouseCoopers, the largest
professional services firm. The Keynote luncheon speaker is Max Taylor.
Mr. Taylor is deputy chairman of Aon Limited and a member of the worldwide
Aon Group Executive Committee. Mr. Taylor’s responsibilities include
managing and developing major client relationships. As you can see the
week includes many opportunities to expand on your Risk Management skills
and to network with some of the most influential individuals in insurance.
The conference also affords some recreational activity such as the golf
Annual Spencer/Gallagher Golf Tournament will be held on Sunday April 18th
at three of California’s finest golf courses. The courses are Torrey
Pines, Medows Del Mar and La Costa resort. The tournament is well
attended; requiring three courses, and is a great way to start the week.
I hope to see many
of our LA members at the conference.
Risk and Insurance
Los Angeles Chapter
Tournament May 10th,
2004 Brookside Country Club
you signed up? Better hurry, you don’t want to miss this years LA
RIMS/Zurich Charitable Golf Tour. Take advantage of our online registration at www.larims.org/golf_reg.html
The deadline is fast approaching and you need to register today. We are asking
that you bring your business card to qualify for the prize raffle. Can’t miss
this event…..sign up now!!!!
Volunteers and Prizes
you like to help out the annual golf tournament? Would your company like to
donate a prize for the evening raffle? How about a small item for the golfers
goody bag. Contact LA RIMS office at 818 842-6096.
better way to advertise than by sponsoring a hole at the annual golf tournament.
The cost is $1,500 which includes a sign displayed on the course to let every
player and businesses know that you are helping support our local RIMS Chapter.
In addition, your company will be recognized in the program at the event and on
our website, www.larims.org. For more information, contact the L.A. RIMS office at 818 842-6096.
RIMS 2004 Western Regional
Please plan on joining us this fall for the
RIMS 2004 Western Regional Conference at the Hyatt Newporter in the Back Bay
area of Newport Beach hosted by the four Southern California Chapters: Los
Angeles, Orange County, San Diego and Inland Empire. This is the only closed
conference remaining on the RIMS schedule and is quite a unique experience.
This means that, while we anticipate some of the speakers at the educational
sessions may be brokers, underwriters, attorneys and other service providers,
registration is limited to risk managers who are deputy members of RIMS (or
those eligible for deputy membership) and to educational, student and affiliate
members. This leads to an open interchange with your peers to work towards
resolving today’s challenges and preparing for tomorrow in a casual, relaxed
The Hyatt Newporter offers 26 acres of
beautifully landscaped grounds with fantastic amenities including three outdoor
pools, bicycle rentals, jogging paths, a fitness center, tennis courts and an
on-site 9 hole / par 3 golf course. The hotel is undergoing a $10 million
transformation of all public rooms, meeting space and guest rooms which will be
completed this spring so it will truly be a grand setting for our conference.
Fashion Island and Balboa Island are within reasonable walking distance but
complimentary transportation is provided if you don’t want to bother with
finding a parking spot.
Local attendees are not obligated to stay at
the hotel but it’s a great opportunity for a getaway since the conference guest
room rate is only $130 per night (that’s not a typo – it’s one hundred and
thirty dollars!!!) and also applies to stays three days before and three days
after the conference dates on a space-available basis. A special conference
registration rate will be available for spouses/guests so that they can join the
group for meals while taking advantage of the surroundings for the rest of the
The planning committee is working on the
program and is open to your suggestions. What would you like to hear about?
Have you heard any really good speakers lately? Would you like to be a speaker?
Please pass on any ideas, comments or
questions to Kathy Merkovsky at (310) 732-3971 or you can contact her at
March 17th Luncheon
Translation to Real World Issues
What risk management can do to
communicate exposure and how to heighten your visibility in the board
We have four experienced individuals
to help highlight some of the key issues with this topic:
Jim Peters - Ernst & Young
Marc Maister - Irell & Manella
Scott Hodgkins - Latham &
Bito Borovinsky - Marsh, LA
Elderly and Disabled Awareness Month—March
Preparing for disaster also means
preparing your loved ones, co-workers or neighbors who have special needs.
Los Angeles has 13% of its population age sixty and older, and 21% of the
population is estimated to have some special form of disability or
physical limitation. Disasters can strike at any time without
warning. it is critical for those with any type of limitation, as
well as their caretakers and family members, to know what to do and be
prepared for any type of disaster.
Emergency Tips for Seniors
Assemble a disaster supply kit.
Arrange for someone to check on
you. Include a minimum of three people who know the locations
where you regularly spend our time.
Identify the best escape routes
from your home. Have a plan for getting out safely and quickly
during an emergency.
Maintain and post a list of the
special equipment and supplies, current prescription names and dosages,
and names and telephone numbers of doctors near each of your telephones.
If you use a wheelchair or some
other medical equipment, show your caretakers, friends or those who may
assist you during an emergency how to operate them.
Wear a medical alert tag if
Practice explaining to caretakers
and family members how to operate your mobility aids or how to move you
safely and quickly.
Be prepared to give
specific and concise instructions to rescue personnel.
Many children live with or visit
their grandparents. Keep matches, lighters, chemicals, and
medicines away from the reach of children.
Listen to information on radio or
TV about hazardous weather and other events, and leave immediately if
told to do so.
Tips for the Disabled
Prepare your disaster supplies
kit, which should include: a flashlight, a portable battery-operated
radio, extra batteries, first aid kit, emergency food and water, manual
can opener, essential medicines, cash and credit cards, and sturdy
shoes. Keep at least a three-day supply in an easy-t-carry
container and make sure the container is accessible.
Check for hazards at home.
Anything that can move, fall, break, or cause a fire is a hazard.
Check for items such as bookcases, hanging pictures or lights that could
fall or block your exit during an emergency and make sure they are
Wear medical alert tags or
bracelets to identify your disability.
If you are dependent on a
dialysis machine or some other life-sustaining treatment, be sure to
know the location and availability of more than one facility.
Install both audible and visual
smoke alarms if you have a visual or hearing impairment.
California Workers’ Compensation
Will we see one of the most complex
political issues to confront the Capitol on the November ballot? Governor
Arnold Schwarzenegger has indicated that unless lawmakers can complete
action on workers’ compensation reform by March 1, he would proceed with
an initiative for the November ballot.
Lawmakers have held hearings on Governor
Schwarzenegger’s workers’ compensation plan, but it is unlikely they will
agree to a reform bill before his deadline. Stay tuned………
ARE YOU ATTENDING THE
RIMS NATIONAL CONFERENCE IN APRIL?
If so, please be sure to attend the hot
“THE LATEST – CALIFORNIA WORKERS’
be held on Thursday, April 22nd from 9:00 AM – 11:00 AM.
This session will be sponsored
by The Los Angeles Chapter of RIMS.
In this session, five experts will provide
an update of the California Workers’ Compensation changing landscape by
providing a brief history of past legislative changes, a refresher on
California’s current situation, and an interactive discussion on new
legislative laws/proposals that will affect all California employers.
This session will also discuss ideas and solutions as to what employers
can do to combat the growing costs faced by companies doing business in
Risk Management and Financial Accounting Specialist
Treasurer and Assistant Controller
Location: Teledyne Technologies
12333 W. Olympic Blvd.
W. Los Angeles, CA 90064
This newly created
position will work in a team environment with the Treasurer, Assistant
Controller, business unit CFOs, Controllers and other personnel to accomplish a
wide-range of responsibilities covering financial accounting and reporting,
insurance procurement, administration of large claims and reporting of losses
and policy issues to senior management and board of directors.
Qualifications and Requirements:
BA/BS in Accounting or Finance or equivalent training or experience in the areas
of accounting and risk management (insurance).
Experience: Preferably four or more years experience in a risk management function with a
successful track record of progressively responsible projects, assignments or
positions (ARM and/or CPCU designation a plus). In addition, four or more years
of financial accounting experience.
Skills: Must have strong financial/accounting and analytical skills
and a well-developed ability to negotiate. The ability to effectively
communicate both verbally and in writing with all levels of management within
the company is required. Must possess ability to accomplish tasks within strict
time requirements while maintaining a high degree of accuracy. To succeed,
candidate will have strong to excellent PC and Microsoft Office skills
(especially Excel and Access) have solid organizational skills and be detailed
oriented. Candidate needs to be self-motivated and capable of working with
minimal supervision. Must have knowledge and/or practical experience with
managing casualty loss control issues. Experience with Mapics G/L system and
Comshare consolidation system preferred.
Essential Duties and
Management—including, but not limited to:
renew all required corporate insurance policies
ii.Obtain and review
loss information and required company data as required
units in their needs
iv.Review and make
ongoing improvements in corporate billing methodology and reserve additions and
Administration—including, but not limited to:
data from all business units through annual of periodic surveys, property
valuations, audits, etc.
facilities and insurers to reduce losses/injuries
corporate-wide procedures for reporting and administering claims
Improve reporting to facilities, as well as to senior
accounting schedules and billing statements
duties—responsible for the timely completion of:
payable process, including 1099 reporting
and assist in the preparation of Forms 10k, 10Q, and Earnings Releases
Coordinate interim and year-end audit pack data from the
If you are qualified for this position or know someone who is, please respond
via e-mail with a résumé and any questions.
Listed below is the
proposed slate of officers submitted by the Nominating Committee for the
President Nancy L. Chamber,
President Ellen Vinck
President Janet Barnes
Sandy Bragman, ARM, HRM, FASHRM
President Lance J. Ewing , ARM, CRM
President Dan Kugler, ARM, CEBS, CPCU
President Deborah Luthi, ARM
Janice Ochenkowski, ARM
Following is the
biography for Nancy L. Chamber:
Nancy Chambers is
risk manager for the Waterloo Region Municipalities Insurance Pool.
This position evolved from that of risk manager for the Corporation of the
City of Kitchener. A graduate of the Canadian Risk Management (CRM)
program, she received the 1990-1991 awards for the highest marks of CRM
graduates in Ontario and Canada, as well as the 1992 K-W Adjusters Award
for honors in the Insurance Institute Associate program. A former
instructor for the University of Toronto’s CRM program, Ms. Chambers also
participated in the development of the Sheridan College Risk Analyst
Prior to joining
the City of Kitchener, Ms. Chambers was the risk manager for the
University of Guelph and served on the Canadian University Reciprocal
Insurance Exchange (CURIE) Board of Directors.
Ms. Chambers is an
active member of RIMS, currently serving as First Vice President. She has
also served as RIMS Vice President – Conference and as its Vice President
– Treasurer for two years. Ms. Chambers has also been a member of the
Board of Directors of the Toronto Chapter, and as chair of RIMS’ Education
Committee. In addition, she has spoken at local and national conferences.
Ms. Chambers was selected as the first Canadian risk manager to
participate in the Spencer Education Foundation “Risk Manager in
Residence” program – lecturing at Temple University in October 1999.