Businesses are fighting hard to withstand the effects of natural and man-made disasters and the significant disruptions both can have on supply chains, and while attempts to model the risks has run into some obstacles, a solution may be near.
Insurance claims for flood damage in Germany may be as much as $8 billion, catastrophe modelling firm AIR Worldwide said on Thursday, after the worst flooding in a decade.
New York City Mayor Michael Bloomberg announced an ambitious, multi-decade plan that would put $20 billion toward protecting the city against natural disasters caused by climate change.
New York City Mayor Michael Bloomberg announced an ambitious, multi-decade plan that would put $20 billion toward protecting the city against natural disasters caused by climate change.
Florida has enjoyed a record run of seven years without a hurricane making landfall, but industry experts question whether Florida's state-controlled insurance system is able to cope in the long term.
Florida has enjoyed a record run of seven years without a hurricane making landfall, but industry experts question whether Florida's state-controlled insurance system is able to cope in the long term.
Each of the five STEMS factors have a significant role in insurance, claims adjustment, and risk management. For example, without engineering loss control would be useless.