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Key Considerations for Disaster Planning
A February study in the journal Nature Communications revealed that hurricanes are strengthening more quickly because of climate change and other factors. This “rapid intensification” is most vividly...
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Notepad: Risk in Review – May 2019
Boeing 737 MAX Aircraft Grounded After Crashes After two fatal crashes killed 346 people in five months, airlines and federal governments around the world grounded all Boeing 737 MAX aircraft in March....
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Achieving True Business Resilience
The European business climate is rife with potential risks these days. Particularly in the UK, where Brexit has caused a relatively stable country to face polarization, borders are being hardened,...
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Before Disaster Strikes: How to Prepare for Natural Catastrophes
How does an organization ensure it is prepared to minimize losses and recover quickly following a natural disaster? Long before a disaster strikes and property damage occurs, the best response plans...
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Notepad: Risk in Review – June 2019
UN Reports One Million Species Facing Extinction A recent report by the United Nations’ Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) found that as many as...
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Two Overlooked Factors in Disaster Recovery
When a natural disaster strikes, there are many factors that will determine how successfully your business can recover. While some of these are controllable, many others are not. In particular, two...
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Notepad: Risk in Review – July/August 2019
Two Major Earthquakes Strike California The week of July 4th, two major earthquakes—one a 6.4 magnitude and the other 7.1—hit a desert area outside of Los Angeles. While city residents experienced...
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Climate Risk Planning Neglect
According to a recent survey released by AT&T, 59% of business leaders see climate change as a medium or high priority and 81% expect that the financial impact of climate change on their company...
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Notepad: Risk in Review – October 2019
Hurricane Dorian Losses Estimated in the Billions After Hurricane Dorian tore through the Caribbean in early September, authorities are still assessing the scope of the destruction it caused. Risk...
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The Human Element of Disaster Recovery
Disaster comes in many forms, from the fury of storms and earthquakes to the destruction brought on by explosions and spills. Whether a catastrophe is natural or man-made, businesses that have...
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Notepad: Risk in Review – November 2019
Massive Typhoon Strikes Japan In October, Japan suffered widespread destruction from Typhoon Hagibis, the most powerful storm to strike the nation in 60 years. As of October 15, the storm had left 72...
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Insurers Divest from Coal Over Climate Risks
As man-made climate change accelerates, risks increase around the world for people and businesses alike. With projections showing current emissions and other factors warming the earth by 3 degrees...
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The Latest Technology to Mitigate Property Risks
For years, organizations have employed remote sensing technologies that obtain information about objects or areas from a distance—typically from aircraft or satellites—to assess impacts from natural...
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Year in Risk 2019
As the risks businesses face become increasingly interconnected and far-reaching, risk professionals must broaden their perspective on both the traditional and emerging threats that can affect their...
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Notepad: Risk in Review – January/February 2020
Brushfires Rage in Australia Massive brushfires that have been burning since September continued to spread throughout Australia in the new year. The fires have been exacerbated by record-breaking heat...
View ArticleEnvironmental Threats Top Global Risk Report
Environmental concerns comprised the top five most likely risks in the World Economic Forum’s 2020 Global Risks Report, produced with Marsh & McLennan Companies and Zurich Insurance Group....
View ArticleA Record Decade for Natural Catastrophe Losses
Last year saw below-average natural catastrophe losses, but marked the close of a record-breaking decade of damages, according to Aon’s Weather, Climate and Catastrophe Insight: 2019 Annual Report....
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Notepad: Risk in Review – April 2020
Aon Acquires Willis Towers Watson In a merger of the second- and third-largest global insurance brokers, Aon agreed to buy Willis Towers Watson in an all-stock transaction worth nearly $30 billion....
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Supply Chain Under Strain
The COVID-19 pandemic has affected businesses in every sector around the world. Indeed, in early March, the Organization for Economic Cooperation and Development warned that the pandemic could cut...
View ArticleNatural Disaster Planning During COVID-19
As COVID-19 continues to affect communities and industries around the world, the looming prospect of hurricane season and other natural disasters threatens to compound the crisis. Government...
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