Cavalcade of Risk: #122

Welcome to the 122nd running of the Cavalcade of Risk, home to all risky posts.Crazy for cashA group of at least 18 Bell Canada employees are sharing a $50 million Lotto Max payout, but no one documented the paperwork well and now quite a few more "winners" say they should be included. Canadian Personal Finance Blog notes this is just one more example of why it's important to have all of one's financial paperwork in order.One in five people may live to 100. Moneyblog explores the associated risks. Of course it could mean some of those shut out from the Bell Canada Lotto Max payout will be angry a long time!InsureBlog tells you almost all you need to know about Stranger Owned Life Insurance (STOLI). The conclusions may surprise you. Helpful hint that wasn't included: don't buy life insurance on a stranger that's one of Moneyblog's one in five.Same day cash loans, aka payday loans are often considered exploitative. Debt Consolidation 2U argues for a more nuanced view.The Big PictureEurasia Group has issued its top risks for 2011. Number 1: "The G-Zero" effect, a world devoid of global leadership, is not a pleasant concept to contemplate.Republicans are threatening not to raise the federal debt ceiling, which gives the government authority to borrow money, without getting their way on spending cuts. Beyond the brinkmanship, what is the debt ceiling argument about anyway? Darwin's Money has some thoughts on the matter.In a topsy turvy world where nothing seems secure, Risk Management Monitor has identified the five safest places on earth, including a doomsday seed vault. Could be a good place to ride out G-Zero.AllBusiness sets out the conceptual and practical steps required to implement an overarching Enterprise Risk Management (ERM) process.Insurance for the virtual worldStarting an online business is appealing. Get everything up and running, then sit back and watch the profits stream in. But running an Internet business creates risks that can and probably should be covered by insurance. PTMONEY.com explains.CarsA good way to reduce the risk of injury or death is to buy a car that's highly rated by the Insurance Institute for Highway Safety. Insure.com has that list and points out that another advantage of driving a safe car is a lower  insurance premium. Meanwhile, The Digerati Life has insights into 8 other ways to keep automotive insurance costs down.HealthColorado Health Insurance Insider presents a pragmatic proposal to House Republicans. Why not enact measures to control health care costs rather than wasting energy trying and failing to repeal PPACA?Disease Management Care Blog (DMCB) points out that consumers might get "screwed" by the emergence of Accountable Care Organizations (ACOs). DMCB wants consumers to receive a portion of the "shared savings" contemplated in ACOs' creation, and hopes everyone can agree that it's a good idea.---Thanks for reading!