In corporate America, unacceptable risk must be identified, evaluated and mitigated, which can be difficult. However, when it comes to flooding–the number one natural hazard in America–businesses can take steps to reduce the risk of damage caused by rising water.
In fact, one of the worst years we've seen in terms of property loss was 2008–further magnified by the recent economic turmoil. While corporations struggle to maintain their bottom lines, they are forced to prioritize the types of expenses they can incur to protect their assets.
Many corporate risk managers don't realize that floods are a common occurrence and can be financially devastating. Floods happen in all regions of the United States.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
