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Enterprise Risk Assessment: The Hunt for the Black Swan

Are we safe? This is one of life’s more vexing conundrums. In his landmark book, The Black Swan, Nassim Nicholas Taleb describes a type of event called a “Black Swan.” These events appear to be a complete surprise, but in hindsight can be rationalized as being inevitable. 

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New Alaska Workers’ Compensation First Report of Injury Forms Will be Required Starting 7/22/2013

As of July 11, 2013, the State of Alaska published new Employer and Employee Report of Occupational Injury or Illness forms for workers’ compensation claims. The State confirmed on July 15, that these new forms must be used starting July 22, 2013 and replace the existing Report of Occupational Injury or Illness (Form 07-6101 Rev 08-2012).

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Handling Employee Benefits During a Merger

There are a number of financial, legal, and morale based considerations that need to be understood before making or accepting a final offer. The good news is that you don’t have to be the expert in these matters you just need to call in the people who are.  

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Engaged Employees: What are Other Companies Doing?

Have you seen the latest Gallup poll on employee engagement? The overall statistic in their findings is staggering – 70% of US workers are actively disengaged in their jobs. This means that employees may be showing up for work but aren’t feeling compelled to give 100% to their employers because they don’t feel their employers Read More »

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What Can We Do About Spousal Benefits Costing 40% More?

Internal audits of benefits policies show spousal (or domestic partner) coverage costs employers up to 40% more than coverage for the employee.

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Medical Identity Theft: Detection vs. Prevention

The ambulance tires crackled on broken glass, well before reaching the mangled car. The victim, an unconscious woman in her mid-twenties, was bleeding profusely. It was apparent that she would need immediate surgery upon arrival to the hospital. During transit, EMTs relayed information which allowed hospital staff to identify the victim as having visited the same hospital as a new patient six weeks prior, for an injury resulting in the partial loss of a finger on her left hand.

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PERSPECTIVES 2013

Of course, business strategy is important. However, Peter Drucker’s words emphasize the idea that strategies are far more effective when implemented in a high functioning environment.

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Insurance Risks of Transitioning to the Cloud

As computing services have moved from on-site server rooms to co-host facilities and now to the cloud, business managers and IT professionals evaluate the risks and benefits of IT outsourcing at each step in the process. Generally they ask themselves two questions:

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Increasing Employee Understanding and Appreciation of Benefits

One of the obstacles many organizations face, in regard to employee benefits, is implementing an effective approach to employee communication.

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PS&F’s Lynne Seville Interviewed in Alaska Business Monthly

According to Parker, Smith & Feek Principal and Vice President of Risk Management Consulting Lynne Seville, there are numerous ways that companies can mitigate risk.

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Insuring Your Volunteers

Volunteers are essential to the operations of many non-profit organizations to fulfill their mission. Whether it’s an event or general operations, first or second-time volunteers are usually walking into a position with little to no training. Unfamiliarity with the environment and workflow can increase the risk of injury to the volunteer.

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THE TWO-HUNDRED BILLION DOLLAR TWEET

On April 24, 2013 the Associated Press twitter feed was hacked and reported that two explosions had occurred at the White House, injuring President Obama.  Trading bots reacted within seconds triggering a selloff that caused the Dow Jones Industrial Average, the S&P 500 and the NASDAQ to immediately drop 1%.

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