“The global economic crisis, shifting geopolitical balances and two years of unusually high levels of civil upheaval present challenges and opportunities for businesses looking to expand. North and West Africa and the Middle East stand out as regions of increasing risk.
Companies recognize potential risks posed by natural catastrophes yet have insufficient mitigation plans in place. This is the key finding of a survey on ‘Natural catastrophes: business risks and preparedness’, presented May 7, 2013 by Zurich Insurance Group (Zurich). The study, conducted in January 2013 by the Economist Intelligence Unit and sponsored by Zurich, continues [...]
Aizawl, capital of the state of Mizoram, is situated in a region highly prone to earthquakes and located in the geologically complex border area between the Indian and Eurasian Plates
“The threat of flooding has become an all too frequent reality facing Manitoba families and municipalities. That’s why the provincial government is helping more families protect their homes, by extending and expanding the Municipal Sewer Backup Subsidy program”
Based on their experience with Storm Sandy, impacted survey respondents provide advice to fellow small business owners
“This investment means parents sending their kids to 45 more high-risk schools know they will be able to withstand a major earthquake.”
“The survey findings are surprising in that they show how many businesses are either inadequately prepared or altogether inactive in putting effective processes and policies in place around social media”
“Since weather is the number one cause of business disruption, this prediction carries much weight for companies focused on protecting their people and their assets”
The Government of Canada’s Anti-Fraud Centre says over 16,000 people are identified as victims of fraud every year, accounting for an estimated $54 million in losses
Province revises flood forecast to ‘moderate to major’ from ‘minor to moderate’
New York, Singapore, Toronto, London and Montreal retained their ranks as the top five lowest risk cities in the world. Conversely, Luanda, Angola; Port Moresby, Papua New Guinea; Addis Ababa, Ethiopia; Sana’a, Yemen; and Damascus, Syria represent the highest risk locations of the 138 cities for employers
International Souris River Board members anticipate a one-in-10 runoff event in 2013
Reducing human factors in marine casualties is a risk management imperative for the shipping industry, as human error continues to be the single most significant cause of shipwrecks
In towns and cities across Canada, paved surfaces, overloaded storm water management infrastructure and extreme weather conditions dramatically increase the challenge of managing excess water caused by storms, says RBC
“When the ground stops shaking after a major earthquake, the damage may have just begun”
“This professorship will be key in advancing risk management in our province for producers and help address the unique risk needs of Manitoba’s diverse agriculture.”
Loss estimates for events such as the storm surge by Superstorm Sandy in 2012, the 2011 Thailand floods, and the highest insured loss European windstorm, Kyrill (2007), can now be calculated to gauge the financial impact of their potential reoccurrence
Total deaths from earthquakes this century could more than double to approximately 3.5 million people if world population grows to 10.1 billion by 2100 from 6.1 billion in 2000
Together with the IFRC, Zurich will enhance community flood resilience through the development and application of innovative disaster risk reduction solutions
