WHITE SULPHUR SPRINGS, W.VA.–A corporation's failure to plan for a pandemic caused by the avian flu virus could result in a shareholders' suit, a risk assessment consulting firm warned an insurance conference here.
Executives of Firestorm, based in Roswell, Ga., gave that cautionary advice yesterday during the 93rd annual Insurance Leadership Forum of the Council of Insurance Agents & Brokers.
To make their point, three Firestorm officers–Harry W. Rhulen, chairman and chief executive officer; James W. Satterfield, president and chief operating officer; and Don Huggins, chief security officer–staged a mock securities trial of a corporation for failure to plan for an outbreak of avian flu virus, clinically named the H5N1 strain.
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