A storm-free August in the Atlantic was probably too much to ask for. Tropical Storm Danny formed out of a cluster of thunderstorms Tuesday about 1,600 miles east of the Windward Islands.

A reasonable amount of good risk management is better than no risk management, but too much poor risk management hurts an organization.

Ten years later, Katrina is still making an impression. Numerous lessons were learned from Katrina that have helped insurers and other first responders better prepare for other catastrophes. Some may seem obvious, but others demonstrate just how much has changed in the past decade.

Adequate preparedness before a storm arrives, especially business continuity planning, can mitigate potential losses.