New Marsh Report Reflects on Costliest Storm Ever to Make US Landfall
NEW YORK, Aug. 4, 2015 — The last week of August marks the tenth anniversary of Hurricane Katrina, the costliest storm ever to make landfall in the United States. Hurricane Katrina changed how we think about and manage natural catastrophe risks. In 10 Years After Hurricane Katrina: Lessons in Preparedness, Response, and Resilience, executives from Marsh, a global leader in insurance broking and risk management, reflect on how property insurance, claims, analytics, risk engineering, and crisis management have changed since Katrina — and explain what we’ve learned from Katrina and other disasters about protecting people, property, and profits.
Among the key takeaways from the report:
- The importance of reading and understanding your insurance policies cannot be underestimated.
- The benefits of “drilling” your insurance policy to understand how it will respond to potential disasters.
- Why providing high-quality data for catastrophe (CAT) models is essential.
- How a robust business continuity and crisis management plan protects people and profits.
With each major disaster, we learn more about protecting people and property, emerging better prepared for future events.
Read or download 10 Years After Hurricane Katrina: Lessons in Preparedness, Response, and Resilience or visit marsh.com for a wide range of hurricane preparedness and response insights.
SOURCE Marsh LLC