More firms making continuity plans as flood risks increase

Tomohisa Sashida, principal consultant at Tokio Marine and Nichido Risk Consulting Co. Ltd. said that Japanese companies are increasingly making business continuity plans for large-scale flooding along with quake-related risk management, Reuters reported. The Japan Society of Civil Engineers said that floods in Tokyo could cause $550 billion worth of damage if dikes and levees in low-lying areas are overwhelmed by heavy rains and floodwaters.

Read more.