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The term “flash mob” was coined in 2003 to describe a sudden, large-scale gathering of people in one specific location to perform an unusual and sometimes pointless act for a brief period of time. With the growing popularity of Facebook, Twitter and viral emails, flash mobs have grown much larger and, in some cases, dangerous. [...]
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[Each year, the best Canadian risk managers gather to discuss the state of the discipline at the RIMS Canada Conference. The 2011 incarnation is taking place this week in Ottawa so I will be reporting from here for the next few days.] “The possibility of doing jail time is real from the board room to [...]
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The Great Recession is not known for inspiring great things, but it did spur the creation of the Dodd-Frank bill, which, among many things, created the Financial Stability Oversight Council and the Federal Insurance Office. And the near-collapse of the U.S. economy did wonders for the discipline of risk management. As a result, according to [...]
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The tragic earthquake and tsunami that devastated Japan in March has come up in virtually every conversation I’ve had at RIMS 2011 Vancouver. Whether we’re talking about the timing of the inevitable market turn or the new era of costly catastrophes or the growing concern over supply chain risks in an increasingly globalized world, the focus [...]
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