Public RMS Attends the Annual RIMS Conference

~~Public RMS Attends the RIMS Conference

I attended the annual conference of the Risk & Insurance Management Society (RIMS) April 27 – 30 in Denver, Colorado.  As usual, RIMS and the hundreds of exhibitors pulled out all the stops for this great event where risk managers can meet with their brokers, insurers and other contractors all in one place.  In addition the exhibit hall demonstrated all the technological advances that have been made in RMIS systems and other programs that manage data for the industry since last year.

The conference kicked off Sunday evening with a gala opening reception held at the Denver Art Museum which houses a very impressive collection of artifacts of Native Americans.  I believe the collection is better than the Smithsonian collection in Washington D.C.

The Annual Membership Meeting was held Monday morning and included a 45 minute mea culpa from Jordan Belfort – you may know him as the real Wolf of Wall Street.  There were lots of comments from attendees questioning why RIMS would pay a criminal who hurt so many investors, to tell his story.  Mr. Belfort explained that all fees from his speaking engagements go to reimburse those who he let down.  So, in one respect, all RIMS attendees and members are helping to pay his bill – this rubbed a lot of people the wrong way.  Except this event, which I enjoyed, I heard no negatives from anyone about the conference.

There were over 150 educational sessions and some of the larger brokers and insurers had side meetings and educational sessions as well. Much information about the conference can be found at https://RIMS.org.

Additional information will be posted soon concerning the activities of RIMS’ Political Action Committee, RiskPAC.  Anyone interested in getting the Terrorism Risk Insurance Act reauthorized should consider attending the RIMS’ Legislative Summit in Washington, scheduled for June 9 & 10.  See the RIMS website for the details.
That’s it for now.  Let me know if you have specific risk management issues you would like to hear about.

Terry Fleming