The World Health Organization declared today that swine flu H1N1 virus is now a full-fledged pandemic leading an insurance brokerage to warn businesses they must be ready to cope with its effects.
The outbreak of the H1N1 flu that closed down many businesses and public institutions in Mexico has revealed gaps in company plans to deal with a pandemic flu, according to an insurance brokerage executive.
As the United States recorded its first swine flu death, insurance brokerages were offering recommendations on moves businesses and other organizations should make, and one firm said actions now are "critical" to deal with the epidemic.
His remarks came during a panel discussion titled "Building a Resilient Supply Chain," part of a continuing series on risk management issues presented by Marsh, the insurance brokerage arm of New York
If there is an avian flu outbreak, employees will be turning to their companies for answers and pre-planning will make it easier to deal with the uncertainties sure to arise from the pandemic, said a
An organization's solution "should be a balance of mitigation controls, financing strategies and insurance strategies," suggested Gary Lynch, national practice leader at Marsh for business continuity
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