Serious Trouble With the National Flood Ins. Program
Recovery Diva
OCTOBER 19, 2024
Helene and Milton spotlight a federal flood insurance program drowning in debt.
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Recovery Diva
OCTOBER 19, 2024
Helene and Milton spotlight a federal flood insurance program drowning in debt.
Disaster Zone Podcast
SEPTEMBER 5, 2023
When disasters strike, we expect that our property insurance provider will cover our losses. Sometimes, the insurance company and the insured person(s) don’t agree on the settlement amounts being offered by the insurance company. Evan worked for and defended insurance companies during the first 7 years of his practice.
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Recovery Diva
OCTOBER 20, 2021
Reply from Jerry Quinn to the previous posting: Congress & the Executive branch are responsible for all hazards/risks. Their best & brightest can’t/don’t control hazards/risks brought on long ago by federal actions and decisions. Corporations and businesses already write off the costs of risk insurance premiums.
Disaster Zone Podcast
NOVEMBER 1, 2022
With the advent of climate change impacts now becoming very evident via the size and frequency of disasters, it is the insurance industry that is taking notice. They cannot depend on what losses have been for decades to project into the future about what their losses might be for the properties they insure.
MHA Consulting
AUGUST 24, 2023
As a reminder, risk management is the process of understanding the hazards facing an organization and taking steps to bring them to within a level determined to be acceptable by the senior leadership. There are six steps to the process, and successful risk managers perform all of them on a continuous loop.
Risk Management Monitor
SEPTEMBER 21, 2021
With the cost of insurance for businesses rising across many types of coverage, staying on top of trends in the claims portfolio is more important than ever. For this reason, many insurers and TPAs promise to conduct claims reviews with their business customers on a regular basis, but the rigor can vary greatly.
everbridge
MARCH 6, 2023
According to research conducted by Verdantix , “more than half of organizations have less than $1 million to respond to catastrophic events, and 41% of participants stated that they had no budget at all for catastrophic events” (Navigating Climate Threats and Proactive Mechanisms to Achieve Business Climate Resilience, November 2022).
everbridge
OCTOBER 7, 2024
Hurricanes are powerful storms that bring life-threatening hazards to people living in both coastal and inland communities. Though you may first think of wind when envisioning a hurricane, water hazards are historically the deadliest. Regardless of your route make sure that your destination provides protection from hurricane hazards.
Reciprocity
APRIL 4, 2022
A risk assessment evaluates all the potential risks to your organization’s ability to do business. Many organizations use risk management and compliance software to help them manage all the tasks associated with risk assessment, analysis, and management. Various types of hazards must be considered. Economic risk.
Zerto
APRIL 6, 2023
To determine your organization’s risk appetite (the amount of risk it is willing to accept to realize its objectives), you need consensus from leadership and all stakeholders. The aim of this framework isn’t to eliminate all risk but to ensure that the organization makes smart risk decisions that retain and increase enterprise value.
Reciprocity
SEPTEMBER 9, 2024
Risk is inherent to all businesses, regardless of your industry. First, find all the risks that might harm your organization. After identifying hazards and vulnerabilities, consider how they are harmful and the possible outcomes. You are not expected to eliminate all risks since this is impossible.
CCEM Strategies
OCTOBER 7, 2020
According to the Insurance Bureau of Canada , over 60% of British Columbians live in a region where some of the largest earthquakes in the world occur. What can you do to mitigate hazards? By assessing earthquake-related hazards, you can plan and take advance action to limit the damage earthquakes may cause to your business.
National Fire Protection Association
NOVEMBER 2, 2022
NFPA has been committed to addressing potential fire hazards posed by EVs for some time, offering in-person and online trainings that teach first responders how to safely and effectively mitigate EV incidents. To date, NFPA has helped educate more than 300,000 first responders on this emerging hazard.
CCEM Strategies
MAY 11, 2023
Flooding is one of the most common, pervasive, and costliest natural hazards in Canada , with a history of causing major disasters. Recovering from flooding can be challenging, particularly as insurance coverage may be limited, extraordinarily costly, or unavailable depending on the type of flooding (i.e.,
MHA Consulting
MARCH 14, 2024
Enterprise Risk Management is the activity of identifying and mitigating the hazards that threaten an organization (definition from Strong Language: The MHA Glossary of Essential Business Continuity Terminology , available for free download with registration). ERM is all about reducing. ERM is all about reducing.
National Center for Disaster Prepardness
FEBRUARY 7, 2025
This manual process requires assessors to physically visit each site, which can be time-consuming, dangerous, labor-intensive, and subject to human error, particularly in areas with severe destruction or hazardous conditions.
everbridge
JULY 18, 2024
While OSHA (Occupational Safety and Health Administration) “does not have a specific standard that covers working in cold environments, employers have a responsibility to provide workers with employment and a place of employment which are free from recognized hazards, including winter weather-related hazards.”
National Fire Protection Association
AUGUST 3, 2022
As president of an organization that has worked tirelessly over the last 20 years on ways to reduce loss of life and property from wildfire, this latest news only reinforces NFPA’s strong conviction that more decisive policy action must be taken on all levels if we want to reduce losses from these events.
Disaster Recovery
JULY 12, 2019
Fill all vehicles to more than half their fuel capacity during the hurricane season. Purchase insurance for your property, including coverage that protects against flood damage. Maintain an inventory of all items at home – devices, appliances, precious items, apparel etc. Waterproof preservation of all important documents.
Risk Management Monitor
JULY 26, 2022
Controlling business costs is top-of-mind for organizations of all sizes and can take many forms, from moving the business to a less expensive building in a more economical part of town to cutting advertising costs. During their time together, the veteran employee can discuss safety concerns and identify potential hazards.
Reciprocity
APRIL 4, 2022
This refers to all risks introduced by service providers and third parties working with your enterprise. Any hazards associated with cloud architectural changes, the use of new platforms such as IoT devices, or new IT systems can lead to digital risk. Third-Party Risk. Technology. Identification.
everbridge
AUGUST 4, 2023
What are the ways in which you meet specific requirements for protecting business travelers, including security training and preparation, kidnap and ransom insurance, and evacuation protocols? We pull all this information together and provide a recommendation on the appropriate level of security for that individual.
Reciprocity
AUGUST 18, 2022
Your ERM program should encompass all aspects of risk management and response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters. Passing or sharing the risk via insurance, joint venture, or another arrangement. Risk Response.
Reciprocity
MARCH 28, 2022
Your enterprise risk management (ERM) program – one that encompasses all aspects of risk management and risk response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters – should involve strategic, high-level risk management decision-making.
Risk Management Monitor
NOVEMBER 9, 2022
They may be contaminated by agricultural or industrial chemicals, or hazardous agents. It is important to photograph and document all damage and notify your insurance agent as soon as possible. Similarly, avoid wading in floodwaters. Then you can proceed to make temporary repairs to protect the building and its contents.
Risk Management Monitor
JUNE 9, 2023
Over 400 fires have caused roughly 10 million acres of burn damage so far, and have blanketed a wide swath of North America in smoke, creating orange skies and toxic levels of air pollution for communities all the way from Canada to the Southeastern United States. There are fires in nearly all of Canada’s provinces.
Reciprocity
AUGUST 24, 2022
Are there differences at all? Not long ago, risk managers concerned themselves mainly with hazards such as fires and floods; or in the financial sector, loan defaults (credit risk). Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company.
National Center for Disaster Prepardness
MAY 13, 2020
all of these percentages of positive cases are current as of 5/13/2020). Despite being deemed essential workers, many are not provided with personal protective equipment (PPE), hazard pay , or in many cases union protections. Compounding this, African Americans and Latinos on average have lower insurance coverage rates.
Erwood Group
JULY 12, 2022
For small businesses, it is common to have just one all-encompassing plan. One important thing to know is that the Business Continuity Plan should contain all the information required to implement the processes and strategies to perform the business functions contained in the plan. Insurance Contact Information.
Reciprocity
DECEMBER 19, 2022
Compliance programs are not one-size-fits-all. At worst, you’ll have no program at all. Try to find and understand them all. Employees at all levels must grasp your compliance program’s expectations and requirements to comply. Establish two-way communication at all levels. Maintain steady discipline.
BCP Builder
APRIL 20, 2020
All aspects of Business Continuity, including planning, training, stress testing and exercising of Business Continuity Plans will be seen as a priority. An impacts-oriented all-hazards approach will be worthwhile planning going forward (as it has been in the past). We are all experiencing extreme turbulence and its here to stay.
BCP Builder
APRIL 20, 2020
All aspects of Business Continuity, including planning, training, stress testing and exercising of Business Continuity Plans will be seen as a priority. An impacts-oriented all-hazards approach will be worthwhile planning going forward (as it has been in the past). We are all experiencing extreme turbulence and its here to stay.
Reciprocity
OCTOBER 7, 2024
Making a list of all prospective third parties and assessing their risk is the first step in the third-party due diligence procedure. Depending on the situation, the geographical areas a corporation operates in, the third party’s business relationships, and other factors may all be significant.
Erwood Group
JULY 7, 2022
It’s also a question that comes up all the time. I like to keep things simple, so the above is the simplest of all the definitions out there. One client recently obtained a $500 Million dollar increase in insurance coverage with zero increase in premium costs. Risk management is important to all businesses.
Emergency Planning
MARCH 23, 2022
Safety’ refers to protection against major hazards such as storms, floods and industrial explosions. At all levels the system must be integral, robust and complete. All levels of public administration should be required to produce emergency plans and maintain them by means of periodic updates. Plans should be networked.
Stratogrid Advisory
JUNE 3, 2020
Business Continuity Planning Guide for Smaller Organizations Last Updated on June 4, 2020 by Alex Jankovic Reading Time: 26 minutes We all live in an unpredictable world. BCP requires collaboration across the entire organization and the participation of all business units and departments. Business Continuity is not a data backup.
Stratogrid Advisory
JUNE 3, 2020
We all live in an unpredictable world. Business Continuity should be one of the top priorities for all organization leaders, and response plans should be implemented in organizations of all sizes. BCP requires collaboration across the entire organization and the participation of all business units and departments.
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