Current Issue

Subscriber only, premium content. Tuesday, September 20

Attaining risk management nirvana: Depends on coordinated disaster planning between public and private sectors

Public entities and municipalities often are pushed to the brink in a catastrophe, exposing gaps in risk management and preparation for disasters.

  1. Identify & Analyze

    Relying on emergency services to lessen exposures

  2. Evaluate & Implement

    Risk-transfer methods addressing large exposures

  3. Monitor & Adjust

    Linking risk management and municipalities with the community

A study by The RAND Corp. says rising flood insurance prices resulting from redrawn flood maps and changes in the National Flood Insurance Program will present various challenges for New York. ›› More

Superstorm Sandy's devastation puts disaster and emergency response plans front and center for public entity risk managers across the United States. ›› More

Business interruption claims look to be a significant portion of insured losses that Superstorm Sandy inflicted on the East Coast last week and may lead to numerous coverage disputes. ›› More

Municipal risk and emergency management administrators should treat Superstorm Sandy as an opportunity to review their local disaster preparedness and response plans, even if they were not directly affected by the storm, experts said. ›› More

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Video: Hurricane Sandy Hits New York City

This video, taken from the New York Times building, shows time lapse footage of Superstorm Sandy.

A year after Superstorm Sandy pounded the Northeast, political, business and public policy leaders agree they need to work together to protect the region, but differ sharply on how to address the risks of similar powerful storms. ›› More

CHICAGO — The need for greater insurance policy clarity and certainty was among the key lessons learned from last year's Superstorm Sandy, according to panelists participating in the Harold H. Hines Jr. Memorial Symposium in Chicago. ›› More

Loss-prevention and risk-mitigation efforts by public entity risk managers can reduce overall claims stemming from losses after a large disaster. ›› More

Increasing insurance premiums for disaster-related coverages pose significant challenges for public entity risk managers. ›› More

As they seek to reduce exposures and speed recovery from various natural disasters, many public entities are finding benefit collaborating with the local private sector. ›› More

In the aftermath of the historic floods caused by Superstorm Sandy, some city leaders have begun to argue for the construction of sea walls capable of shielding the U.S. coastline from ever more intense storms. ›› More

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The United Nations Office for Disaster Risk Reduction Making Cities Resilient Report 2012

This report commissioned by UNISDR and prepared by the International Institute for Environment and Development focuses on resilience and examines factors that help cities plan for urban disaster risk reduction.

Stunned by the devastation wrought by Superstorm Sandy a year ago, coastal towns in New Jersey and New York are taking steps with the help of their insurance brokers to guard against similar damage in future natural disasters. ›› More

NEW YORK (Reuters) - A U.S. task force on rebuilding after Superstorm Sandy listed dozens of recommendations on Monday to help protect communities from rising sea levels and increasingly intense storms. ›› More

(Reuters) — New York Mayor Michael Bloomberg on Tuesday announced a $20 billion plan to prepare for rising sea levels and hotter summers expected as a result of climate change in the coming decades. ›› More

Hurricane Sandy's successor won't find a city so unprepared, executives said Thursday at the Rebuilding NY conference hosted by Crain's New York Business. ›› More

Grand Forks, N.D., a community devastated in 1997 by floodwater from the Red River, today stands as a model for disaster preparedness and resiliency. ›› More

Linking a city's disaster and resilience planning with enterprise risk management can reduce exposures, saving the city money, but implementation can be difficult. ›› More

Recent outbreaks of severe weather have highlighted the risks and insurance costs faced by public entities. Joe Caufield, chief underwriting officer at OneBeacon Government Risks, suggests ways local governments can reduce the uncertainties surrounding buying their property/casualty insurance coverage. ›› More

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Resilientville is a game/training tool and role-playing exercise that immerses individuals into “real-world” disaster scenarios.

Resilient San Francisco

Matt Hansen, director of risk management for San Francisco, has used ERM to link risk management and resiliency in San Francisco.