#risk-management

[plprojects]

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#Risk-management

[jwhconet]

What is it that risk management professionals do to build strong business relationships? How does risk management save money, increase effectiveness, and protect the business? I use more than 10 years of risk management experience in the financial services world. Plus more than 20 years in project management to reduce risk for your business. Risk management is an essential part of high-stakes strategic relationships. Every knowledge worker needs to understand the basics. To learn more, join us at https://www.insidestrategicrelations.com/newsletter/ #RiskManagement #ComplianceCareers #ControlDevelopment

#compliance-careers #control-development #risk-management

[uncanny-tranny]

This might seem like an "old man yells at cloud" situation, but it's just wild growing up and being told how dangerous distracted driving is - how, at highway speeds, you can traverse the length of a football field (100 yards, 91 meters) in a matter of seconds - how one split second sending a text while driving could result in a potential fatal crash, and then getting on the road as a driver and being surrounded by billboards. Their entire purpose is to catch one's attention, so they're lining major roads, which tend to be highways. How is it that you're told how important it is to never be distracted while driving, but still being advertised to?

At best, this type of advertising is an eyesore to pedestrians and motorists and a general waste of electricity to light it, and at worst, it is an active danger considering they are there to advertise and therefore, must catch people's attention.

I'm not even against advertising in theory, but this particular mode bothers me so much and I hate how pervasive it is - especially in large cities or highways.

#politics #i don't know much about são paulo banning marketing billboards but on paper i want that here in the USA #as a motorist it at best just makes me more anxious driving in those larger cities because i want to FOCUS ON THE ROAD #and passing 5000 billboards per mile isn't helping actually! #i've gotten good at filtering that out of my FOV but it's still fucking exhausting lol #i especially hate those modern electric billboards. despise them actually #i am aware that advertising is a critical aspect to business management in some cases... #...but it shouldn't risk the safety of the populous for you to advertise to them and i see things like billboards as risking safety... #...i feel similarly about online advertising in that so much of it risks internet user's safety... #...such as flashing ads online which risk triggering epileptic seizures in light/photo-sensitive folks #distracted driving (texting): NO >:( || distracted driving (being advertised to): YAYYYY :D #i've been driving on my own for a few years now and i've been thinking about this for ENTIRELY too long

[catherinelwriter]

#RISK-MANAGEMENT #Assignment Help #Writing Service

[poorly-drawn-mdzs]

Introvert adoption

[First] Prev <–-> Next

#poorly drawn mdzs #mdzs #wei wuxian #wen ning #jiang cheng #(The actual name of this season 2 extra is 'First meeting with Wen Ning' but I ran out of space.) #I am obligated to try and wiggle in Wen Ning scenes whenever I can. Our baby boy needs his screentime to grow big and strong. #This whole scene is very good and does a lot to show us several important traits about wwx: #1) He has no hesitation to put his own face or life at risk to help someone (even if they have never met). #2) He does not care for what others say or think about him; he will do what he thinks is right. #And he is smart enough to think is is always right about his judgement. This will be a problem later. #I also think the silly energy in this scene is top notch. #Wen Ning is the wild chipmunk wwx managed to catch and wants to keep as a pet. #Jiang Cheng is gently easing this boy out of wwx's extrovert maw and saying 'put him back outside'. #Can you imagine being blindsided by the full force of wwx out of nowhere? Getting his support and then archery tips? #You're done. You've been caught in his snare and you aren't getting out.

[reitziluz]

i've always enjoyed the way tsubomi is portrayed. she's not really part of the story and we don't know much about her outside of her being the target of mob's feelings and in a way a symbol or symbolic goal for his character arc - but that's the point! the point is that that's a shitty thing in a story and also in real life to do to another person!

she has a very strong feeling of having her own thing going on. she's not the love interest in a shounen series, she's a middle schooler with her own life and troubles. there's kind of a meta level to it too, how we as the audience are not entitled to find out every detail of her life, right? i like how understated her portrayal is while also being consistent with the things that we actually see of her true self are. truly, she's a strong person who knows what she's about.

specifically the conveyor belt of confessions and her justified annoyance at having to deal with the emotions of all these people that have cast her into the role of their love interest is just *chefs kiss* perfect and a mood

#mp100 spoilers #spoilers #honestly vibing the whole like #i don't even know you. you don't even know me #and having to manage other's emotions or risk social repercussions #this is some very sloppy analysis because i'm still in a food coma fgsdfgfds #special mention to the oh are you sure you want me to answer your question vibe in the first img #perfection

[kryaaas]

Never getting over the fact that Harry can literally solve all the case by himself but if he doesnt have Kim or Cuno to back him up (or have "Waste Land of Reality" thought internalised) his precinct just abandones him :(

#disco elysium #“you managed not to die thus far. you manage it now” pls die jean <3 #is this a “loyal” partner fanon has been talking about #“you almost got Kim killed” harry actually risked his life to protect civilians where the hell were you

[ihavesomejays]

roll with it

the aventurine trailer???? so ill so ill so ill im on my knees he had one hand behind his back the whole time i'm shaking and sobbing and yes i am aware of that one random stroke on the bottom right but i drew this all on three layers so i can't fix it sorry folks

closeups below keep reading

#artwork #digital art #doodle #art #rkgkillust #honkai star rail #hsr #hsr fanart #illustration #aventurine #hsr aventurine #legitimately so sick over this trailer #my boy... #protect him #he feels fear #i have so many thoughts about his unhealthy relationship with risk-taking #all in he says #meanwhile im on my knees crying in the corner #sorry boothill he has my heart #and my e1s1 acheron has my damage so #shrugs it is what it is #also why do hsr designs have to be so godawfully complex #the only way i manage to draw them is to simplify them to hell and back

[why-the-heck-not]

20.12.23, wednesday

My main hobby is just procrastinating in any way I can. The plan was to make a cup of coffee and then start working. What actually happened is that I watched a 3 part video series (by james hoffmann ofc) on Aeropress coffee and made a few cups with different variables. Still not sure if I found The Recipe for me, but it’s getting better (tho I don’t love the coffee beans I have)

#altho i’m not sure I agree that inverted method is not worth the risks #maybe I just pour my water in too slow (bc I get nervous abt pouring too much) but there’s a fair bit of liquid that manages to get through #before I can place the vacuum on there #so I did it with inverted method #what I took from his recipe was the swirling instead of stirring and letting it rest for 30secs after to get a more even bed of coffee #I did 14g of coffee & 200g of water with a 5min brew -> swirl -> another 30seconds of letting it rest before pressing gentlyy for like 20-3 #seconds #but idk it’s a bit ’’one note’’ #which could be the beans #I have medium roast rn and I prefer light roast but the light roast beans have been no where to be found lately idk why #(there aren’t many actual light roast beans and the other ones are waay out of my budget) #(or at least good ones; there’s the one affordable light roast that’s everywhere but I don’t like it that much (but tbf should’ve still #bought that instead of these ones I got)) #like this is still way better than what the drip coffee of those beans are #and the achilles heel is that I don’t have a thermometer of any kind so my water temperature is guesswork every time #so tweaking variables is always a bit sketchy bc idk if I just had a better water temperature that time #studyblr #booklr #aesthetic #bookblr #books #study #reading #read #book #coffee #2023 #december 2023

[claudia-kishi]

Well, there are ways to hurt you that do not involve hurting... you.

#elementary #elementaryedit #elementasquee #rjs*: new #risk management #ele s1 #forever actual favorite #ugh it is so good #sherlock holmes #joan watson #brotp: you and i are bound

[watchyourbuck]

I don’t ever wanna hear anybody say that Firefighter Buckley doesn’t have leadership skills,,, that man single-handedly saved the entire 118 then went home and delivered a baby ???????

#the way he’s grown so much #instead of speaking himself when Athena asked where the captain was he deferred to hen #he helped everyone without panicking #he did a headcount instead of screaming #he immediately asked for a line from Ravi #when he didn’t hear back from Bobby he didn’t assume the worse #he just kept going #when the van fell he pushed everyone back instead of risking his own life #when chim was hanging from the truck he managed to climb and hold him #then bring him back carefully #that’s my interim captain right there #he deserves the world #buddie #911 fox #911 #eddie diaz #evan buckley #911 tv show #evan buck buckley #buck x eddie #buck and eddie #911 abc #911 on abc

[jwhconet]

Reducing risk in business improves the value of business relationships. Proper risk management builds trust, solves problems, and improves product quality. Discover essential skills that bulletproof your career, even in trying times. Join the only strategic newsletter for knowledge workers and entrepreneurs, https://www.insidestrategicrelations.com/newsletter/?utm_source=006-r1008a&utm_medium=spreaker&utm_campaign=d0830i&utm_content=risk-control-classification

#project-management #risk-framework #risk-management

[mostlysignssomeportents]

Insurance companies are making climate risk worse

Tomorrow (November 29), I'm at NYC's Strand Books with my novel The Lost Cause, a solarpunk tale of hope and danger that Rebecca Solnit called "completely delightful."

Conservatives may deride the "reality-based community" as a drag on progress and commercial expansion, but even the most noxious pump-and-dump capitalism is supposed to remain tethered to reality by two unbreakable fetters: auditing and insurance:

https://en.wikipedia.org/wiki/Reality-based_community

No matter how much you value profit over ethics or human thriving, you still need honest books – even if you never show those books to the taxman or the marks. Even an outright scammer needs to know what's coming in and what's going out so they don't get caught in a liquidity trap (that is, "broke"), or overleveraged ("broke," again) exposed to market changes (you guessed it: "broke").

Unfortunately for capitalism, auditing is on its deathbed. The market is sewn up by the wildly corrupt and conflicted Big Four accounting firms that are the very definition of too big to fail/too big to jail. They keep cooking books on behalf of management to the detriment of investors. These double-entry fabrications conceal rot in giant, structurally important firms until they implode spectacularly and suddenly, leaving workers, suppliers, customers and investors in a state of utter higgeldy-piggeldy:

https://pluralistic.net/2022/11/29/great-andersens-ghost/#mene-mene-bezzle

In helping corporations defraud institutional investors, auditors are facilitating mass scale millionaire-on-billionaire violence, and while that may seem like the kind of fight where you're happy to see either party lose, there are inevitably a lot of noncombatants in the blast radius. Since the Enron collapse, the entire accounting sector has turned to quicksand, which is a big deal, given that it's what industrial capitalism's foundations are anchored to. There's a reason my last novel was a thriller about forensic accounting and Big Tech:

https://us.macmillan.com/books/9781250865847/red-team-blues

But accounting isn't the only bedrock that's been reduced to slurry here in capitalism's end-times. The insurance sector is meant to be an unshakably rational enterprise, imposing discipline on the rest of the economy. Sure, your company can do something stupid and reckless, but the insurance bill will be stonking, sufficient to consume the expected additional profits.

But the crash of 2008 made it clear that the largest insurance companies in the world were capable of the same wishful thinking, motivated reasoning, and short-termism that they were supposed to prevent in every other business. Without AIG – one of the largest insurers in the world – there would have been no Great Financial Crisis. The company knowingly underwrote hundreds of billions of dollars in junk bonds dressed up as AAA debt, and required a $180b bailout.

Still, many of us have nursed an ember of hope that the insurance sector would spur Big Finance and its pocket governments into taking the climate emergency seriously. When rising seas and wildfires and zoonotic plagues and famines and rolling refugee crises make cities, businesses, and homes uninsurable risks, then insurers will stop writing policies and the doom will become undeniable. Money talks, bullshit walks.

But while insurers have begun to withdraw from the most climate-endangered places (or crank up premiums), the net effect is to decrease climate resilience and increase risk, creating a "climate risk doom loop" that Advait Arun lays out brilliantly for Phenomenal World:

https://www.phenomenalworld.org/analysis/the-doom-loop/

Part of the problem is political: as people move into high-risk areas (flood-prone coastal cities, fire-threatened urban-wildlife interfaces), politicians are pulling out all the stops to keep insurers from disinvesting in these high-risk zones. They're loosening insurance regs, subsidizing policies, and imposing "disaster risk fees" on everyone in the region.

But the insurance companies themselves are simply not responding aggressively enough to the rising risk. Climate risk is correlated, after all: when everyone in a region is at flood risk, then everyone will be making a claim on the insurance company when the waters come. The insurance trick of spreading risk only works if the risks to everyone in that spread aren't correlated.

Perversely, insurance companies are heavily invested in fossil fuel companies, these being reliable money-spinners where an insurer can park and grow your premiums, on the assumption that most of the people in the risk pool won't file claims at the same time. But those same fossil-fuel assets produce the very correlated risk that could bring down the whole system.

The system is in trouble. US claims from "natural disasters" are topping $100b/year – up from $4.6b in 2000. Home insurance premiums are up (21%!), but it's not enough, especially in drowning Florida and Texas (which is also both roasting and freezing):

https://grist.org/economics/as-climate-risks-mount-the-insurance-safety-net-is-collapsing/

Insurers who put premiums up to cover this new risk run into a paradox: the higher premiums get, the more risk-tolerant customers get. When flood insurance is cheap, lots of homeowners will stump up for it and create a big, uncorrelated risk-pool. When premiums skyrocket, the only people who buy flood policies are homeowners who are dead certain their house is gonna get flooded out and soon. Now you have a risk pool consisting solely of highly correlated, high risk homes. The technical term for this in the insurance trade is: "bad."

But it gets worse: people who decide not to buy policies as prices go up may be doing their own "motivated reasoning" and "mispricing their risk." That is, they may decide, "If I can't afford to move, and I can't afford to sell my house because it's in a flood-zone, and I can't afford insurance, I guess that means I'm going to live here and be uninsured and hope for the best."

This is also bad. The amount of uninsured losses from US climate disaster "dwarfs" insured losses:

https://www.reuters.com/business/environment/hurricanes-floods-bring-120-billion-insurance-losses-2022-2023-01-09/

Here's the doom-loop in a nutshell:

As carbon emissions continue to accumulate, more people are put at risk of climate disaster, while the damages from those disasters intensifies. Vulnerability will drive disinvestment, which in turn exacerbates vulnerability.

Also: the browner and poorer you are, the worse you have it: you are impacted "first and worst":

https://www.climaterealityproject.org/frontline-fenceline-communities

As Arun writes, "Tinkering with insurance markets will not solve their real issues—we must patch the gaping holes in the financial system itself." We have to end the loop that sees the poorest places least insured, and the loss of insurance leading to abandonment by people with money and agency, which zeroes out the budget for climate remediation and resiliency where it is most needed.

The insurance sector is part of the finance industry, and it is disinvesting in climate-endagered places and instead doubling down on its bets on fossil fuels. We can't rely on the insurance sector to discipline other industries by generating "price signals" about the true underlying climate risk. And insurance doesn't just invest in fossil fuels – they're also a major buyer of municipal and state bonds, which means they're part of the "bond vigilante" investors whose decisions constrain the ability of cities to raise and spend money for climate remediation.

When American cities, territories and regions can't float bonds, they historically get taken over and handed to an unelected "control board" who represents distant creditors, not citizens. This is especially true when the people who live in those places are Black or brown – think Puerto Rico or Detroit or Flint. These control board administrators make creditors whole by tearing the people apart.

This is the real doom loop: insurers pull out of poor places threatened by climate disasters. They invest in the fossil fuels that worsen those disasters. They join with bond vigilantes to force disinvestment from infrastructure maintenance and resiliency in those places. Then, the next climate disaster creates more uninsured losses. Lather, rinse, repeat.

Finance and insurance are betting heavily on climate risk modeling – not to avert this crisis, but to ensure that their finances remain intact though it. What's more, it won't work. As climate effects get bigger, they get less predictable – and harder to avoid. The point of insurance is spreading risk, not reducing it. We shouldn't and can't rely on insurance creating price-signals to reduce our climate risk.

But the climate doom-loop can be put in reverse – not by market spending, but by public spending. As Arun writes, we need to create "a global investment architecture that is safe for spending":

https://tanjasail.wordpress.com/2023/10/06/a-world-safe-for-spending/

Public investment in emissions reduction and resiliency can offset climate risk, by reducing future global warming and by making places better prepared to endure the weather and other events that are locked in by past emissions. A just transition will "loosen liquidity constraints on investment in communities made vulnerable by the financial system."

Austerity is a bad investment strategy. Failure to maintain and improve infrastructure doesn't just shift costs into the future, it increases those costs far in excess of any rational discount based on the time value of money. Public institutions should discipline markets, not the other way around. Don't give Wall Street a veto over our climate spending. A National Investment Authority could subordinate markets to human thriving:

https://democracyjournal.org/arguments/industrial-policy-requires-public-not-just-private-equity/

Insurance need not be pitted against human survival. Saving the cities and regions whose bonds are held by insurance companies is good for those companies: "Breaking the climate risk doom loop is the best disaster insurance policy money can buy."

I found Arun's work to be especially bracing because of the book I'm touring now, The Lost Cause, a solarpunk novel set in a world in which vast public investment is being made to address the climate emergency that is everywhere and all at once:

https://us.macmillan.com/books/9781250865939/the-lost-cause

There is something profoundly hopeful about the belief that we can do something about these foreseeable disasters – rather than remaining frozen in place until the disaster is upon us and it's too late. As Rebecca Solnit says, inhabiting this place in your imagination is "Completely delightful. Neither utopian nor dystopian, it portrays life in SoCal in a future woven from our successes (Green New Deal!), failures (climate chaos anyway), and unresolved conflicts (old MAGA dudes). I loved it."

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/11/28/re-re-reinsurance/#useless-price-signals

#pluralistic #doom loop #insurance #insuretech #climate #climate risk #climate emergency #the lost cause #market forces #risk management #price signals #control boards #decarbonization #bond vigilantes #climate resilience

[zinjanthropusboisei]

Since the wildfire smoke has been hitting the east coast, I've been thinking about doing a flowchart-style infographic on where to find US hazard information - so many of the comments on the info I posted were like "huh. I was wondering why the sky looked so funny." With the state of the Internet, search engines, and social media today, it really isn't intuitive where you can go to find reliable information on something so vague as "I noticed something a lil funky today," and so many of the platforms and accounts that emergency managers have spent years building up trust and visibility for have disappeared or become unverifiable because of Twitter's meltdown. Best to go to straight to the source when you can, as long as you know where to start.

This would just focus on the federal government, and mainly on immediate warnings and alert information...I'd rather just focus on natural hazards as well since those are the resources I'm familiar with, but that might be too narrow. Any ideas for questions and flowpaths besides what I've sketched out so far are welcome!

#social media and esp Twitter has become such a core piece of the emergency communications ecosystems over the last 20 years #that i think the whole crisis management space is still reeling over how quickly it has deteriorated #this post also brought to you by all my friends who recently moved to california & keep texting me 'how do i know if that was an eq or not' #hazards #disasters #disaster awareness #disaster preparedness #risk communication

[theminecraftbee]

oh railroad rush looks so fun and also like a game teams won’t fully get a handle on until at least a few events in. I cannot WAIT it looks like it’ll be so cool (and I love the games that focus on teamwork and time management so much which this ABSOLUTELY is)!

#mcc #also I see people comparing it to grid runners and YEAH KINDA #but I sort of suspect this one will also lean on your sands skills actually #not in the SAME risk management way but a similar resource and risk management way! #also sort of in the buildmart corner here #HUGE fan

[litebulbs-art]

yeah

#risk of rain returns #risk of rain #art block is so fun #all i can manage to complete is colouring in bits from an old doodlepage #and this one isnt even the most recent one #its just the only presentable one