Marsh: Risk The Responsibility Of All Chief Executives

Insurance broker Marsh said it has created a risk think tank aimed to alert chief executives about risks their businesses face and few understand, judging by a recent survey.

“If a natural disaster were to occur, the CEO and the board are now held accountable,” said John Merkovsky, Marsh global leader for Risk Consulting, during a conference call today. “It is no longer acceptable for a CEO to just turn around after a disaster and say, ‘It’s just Mother Nature. I had no idea that could have happened.’”