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Bret Ahnell is the Executive Vice President of Staff Operations at FM Global. He can be reached at [email protected]
At the heart of every plan should be strategies to maintain the effective delivery of critical products and services. These must include giving people charged with responsibility for crisis management clearly defined actions that could be taken to maintain the business.
The impending hurricane season is expected to be very active. Risk managers already busy fighting COVID-19 will have to redouble their efforts.
Shutting down production for even a few hours for maintenance can have a tremendous impact on profits, which is why predictive analytics can help catch a potential problem before it arises.
The new U.S. tax laws limit the percentage of a loss that insurers can write down for tax purposes. That’s one of four key factors that is leading to a hard market for commercial property insurance.
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