Posts tagged 2015
Hurricane Katrina 10th Anniversary: Lessons Learned and New Business Risks Highlighted in Allianz Risk Bulletin

Business Wire | 18 August 2015

Four thousand lives lost during the 2005 hurricane season, 80% of the city of New Orleans flooded, US $125 billion in overall damages and 1.7 million insurance claims filed: Hurricane Katrina, which struck the Gulf Coast on August 29, 2005, remains the largest-ever windstorm loss. To mark the 10-year anniversary of Katrina, a new risk bulletin from Allianz Global Corporate & Specialty (AGCS) Hurricane Katrina 10: Catastrophe Management and Global Windstorm Peril Review analyzes windstorm risks and losses and examines the business lessons learned from Katrina for future global windstorm loss mitigation, given increasing weather volatility.

Survey: Most Midsize Businesses Have Continuity Plans But Few Have Tested Them

Business Wire | 29 July 2015

Most midsize businesses have business continuity plans but few have tested them, according to The Hartford’s survey of midsize business owners and C-level executives. This shortcoming presents potential risk for businesses, which may be unable to meet client needs due to an interruption in their operation or lose revenue due to a supplier issue.