Before Chernobyl, 9/11 and Fukushima Daiichi, there was the Titanic. Even after these catastrophic events, there is still the Titanic. 100 years after "unsinkable" ship was torn apart in a collision with an iceberg, its memory is as buoyant as ever. 

While others pause to mark the disaster's 100th anniversary on April 15 in their own ways, I would like to consider its implications from a risk management perspective.

When the Titanic was built, she was the largest ship afloat. Given her great size and the massive publicity surrounding her maiden voyage, more than 2,200 passengers and crew were on board. As a result, risk was unusually high owing to the potential loss of so many lives.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.