A risk management root cause analysis points out the steps that led to the disaster in Surfside. Let this be a lesson, then, when dealing with risk management for all items.
Climate change and an unwillingness on the part of owners and regulators to face up to infrastructure risks played a deadly role in the collapse of the Champlain Towers South in Surfside, Fla.
Farmers Insurance is on the hook for $25 million after the Oklahoma Attorney General alleged the insurer’s earthquake policy violates the Oklahoma Consumer Protection Act.
After a damaging winter storm in 2011, officials in Texas received recommendations on weatherizing the state’s grid. Those recommendations were not followed, and in 2021, Texans paid a big price.
Preparation and action that takes place now can help businesses become more efficient, effective and resilient to natural catastrophes and similar crises in the future.
A recent report from the Natural Wildlife Federation and Allied World takes a look at how natural features can be used to reduce the amount of damage caused by Nat CATs.
The financial pressure on risk managers and businesses to address flooding risk in the wake of climate change is mounting. Here are a few ways to start.