Aug 9, 2022
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
This episode of RIMScast is a two-for-one special! In the first half of the show, Justin is joined by Mark Prysock; RIMS General Counsel and Chief Legal Officer to discuss the fast-approaching RIMS Legislative Summit that will be held on Sept. 20th‒22nd 2022 in Washington, D.C. This exclusive in-person, members-only event will provide you with the unique opportunity to speak directly with members of Congress and their staff about issues impacting the risk management profession.
In the second half of the episode, Justin is joined by Deanna Clark, the founder of the Clark-Esposito Law Firm and the President Emeritus of the Organization of Women in International Trade in New York. Together, they delve deep into the topics of supply chains, import and export risks, and what risk professionals need to know about compliance, trade, and supply chain in 2022 and beyond.
Key Takeaways:
[:01] About the RIMS Membership.
[:14] About RISKWORLD 2023.
[:37] About RIMScast.
[:49] About today’s episode with Scott Ritto.
[1:00] Upcoming RIMS webinars, workshops, events, and more!
[2:17] More about today’s episode.
[3:00] Justin welcomes Mark Prysock to RIMScast!
[3:30] When and where the RIMS Legislative Summit 2022 will be held.
[3:52] The overall agenda of the RIMS Legislative Summit.
[4:24] What the first day of the event will look like.
[5:38] What the second day of the event will hold.
[6:57] What is the dynamic like up on the Hill? How are the groups organized for discussion?
[7:59] What issues will be the focus of discussion on the Hill? What are RIMS’s top priorities to discuss?
[9:00] Mark shares his excitement for the event being in-person this year and why he believes it will be especially valuable.
[10:07] Where to register and learn more about RIMS Legislative Summit 2022!
[10:30] Mark shares why you should attend the RIMS Legislative Summit.
[11:14] Justin thanks Mark for joining the podcast.
[11:30] RIMS plug time! Everything you need to know about upcoming events, webinars, and more!
[13:08] About this episode’s next guest, Deanna Clark!
[13:54] Justin welcomes Deanna to RIMScast!
[14:08] Deanna shares about her law firm and where her specialties lie.
[16:28] Why should companies in the movement of freight take risk management seriously — especially in 2022?
[20:34] Deanna shares her top three areas of risk when it comes to importing/exporting, starting with #1.
[23:03] #2 top area of risk when it comes to importing/exporting.
[25:05] #3 top area of risk when it comes to importing/exporting.
[27:44] What risk professionals should do if they are under investigation by the Office of Foreign Assets Control (OFAC).
[31:49] Deanna’s advice on how risk professionals can think strategically when involved with importing and exporting.
[35:28] Justin thanks both guests for joining the podcast and shares some of the links to check in today’s show notes.
Mentioned in this Episode:
RIMS Events, Education, and Services:
RIMS Legislative Summit 2022 — Sept. 20–20th in Washington, D.C.
RIMS Canada 2022 — Turning Tides — Sept. 11th‒14th in Halifax! Register Today!
NEW FOR MEMBERS! RIMS Mobile App
RIMS Riskworld 2023 — Session Submission — Deadline Aug 19, 2022
Contribute to RIMS Risk Management magazine
Dan Kugler Risk Manager on Campus Grant
Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.
In-Person Events:
Spencer Educational Foundation | Annual Gala Returns Sept. 22, 2022
RIMS Western Regional — Oct. 3‒5, 2022 — Long Beach, CA
RIMS South Asia Risk Forum — Dec. 2‒3, 2022 in Mumbai, India
Virtual Workshops:
“Fundamentals of Risk Management” — Aug 10‒11
Upcoming RIMS Webinars:
RIMS-CRMP Exam Updates in 2022 | Aug. 9, 2022
Assessing Risk at the Source: Automation to Gain Efficiencies and Business Engagement | Sponsored by OneTrust | Aug. 11, 2022
How To Drive Business Value with GRC | Sponsored by Resolver | Aug. 18, 2022
Sponsored RIMScast Episodes:
“ESG Through the Risk Lends” | Sponsored by Riskonnect (NEW)
“A Look at the Cyber Insurance Market” | Sponsored by AXA LA
“How to Reduce Lithium-Ion Battery Fire Risks” | Sponsored by TÜV SÜD
“Managing Global Geopolitical Risk in 2022 and Beyond” | Sponsored by AXA XL
“Keeping Subcontractors Safe Through Partner Elevation” | Sponsored by Highwire
“ESG: A Responsibility and a Growing Megatrend” | Sponsored by Prudent Insurance Brokers Ltd.
“Focusing on Your Team to Deliver Exceptional Quality and Service to Your Clients”
| Sponsored by Gallagher Bassett
“Bermuda Opportunities in 2022 with BDA Chair Stephen Weinstein” | Sponsored by Bermuda Business Development Agency
“SyncR: A Tool to Enhance Your Risk Quality & Insurance Strategy” | Sponsored by Prudent Insurance Brokers Ltd.
“Navigating the Risk Landscape in 2022” | Sponsored by AXA XL
“Prioritizing People: Expertise and Innovation” | Sponsored by Gallagher Bassett
“Risk Findings for the Industrial & Manufacturing Industry” | Sponsored by Aon
“Establishing the Right Assurance to Request From Business Partners” | Sponsored by HITRUST
“Aon’s 2021 Retail Industry Overview” | Sponsored by Aon
“A Legacy of Resilience” | Sponsored by J.B. Boda Group
“The Golden Era of Insurance” | Sponsored by The Hartford
“Insurance Investigation Trends Happening Now” | Sponsored by Travelers
“What Could a CRO Do for Your Business?” | Sponsored by Riskonnect
“Hard Reality: A Look at Rising Rates in Property & Excess Casualty” | Sponsored by AXA XL
“Property Valuation Deep Dive” | Sponsored by TÜV SÜD
“Property Loss Control Engineering” | Sponsored by Prudent Insurance Brokers
NEW RIMSCAST VIDEO: “Climate Change and Insurance: A Fireside Chat with Dev Bhutani and Deepak Madan” | Sponsored by Prudent Insurance Brokers Ltd.
Related RIMScast Episodes:
“Responsible Raw Materials, Mining, and ESG with Sarah Gordon of Satarla”
“Navigating Shipping Risks in 2022 with Capt. Rahul Khanna”
“RIMS Advocacy Update 2022 with Lynn Haley Pilarski”
RIMS Publications, Content, and Links:
RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!
RIMS Advisory Services — Ask a Peer
RIMS Coronavirus Information Center
RIMS-Certified Risk Management Professional (RIMS-CRMP)
RIMS-CRMP Stories — New interview featuring RIMS-CRMP Chairman Ward Ching!
Spencer Educational Foundation
Want to Learn More?
Keep up with the podcast on RIMS.org and listen on iTunes.
Have a question or suggestion? Email: Content@rims.org.
Join the Conversation!
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Follow up with Our Guest:
Tweetables (For Social Media Use):
“Another [key issue] is the reauthorization of the Flood Insurance Program that is scheduled to expire Sept. 30th. So the timing for [the RIMS Legislative Summit] is great. We will be … talking to [Congress] members … a week before they need to reauthorize it.” — Mark Prysock
“Meeting face-to-face with staffers and maybe with members of Congress themselves … you just can’t replicate virtually. So, yes, I am very happy that we are back with a fully in-person event this year.” — Mark Prysock
“I really encourage everyone to consider going to [the RIMS Legislative Summit]. …The congressional staff members … want to hear from their constituents – and that’s all of you.” — Mark Prysock
“We should give a hoot about compliance … because of the … penalties. I have found that companies are generally not that concerned about compliance, … until the business has grown to a point where [they say], ‘We should really start paying attention … now.’” — Deanna Clark