In the United States, federal, state, and local governments share responsibility for paying for losses from disasters. As the frequency and severity of disasters has increased, so have the losses.
This chapter introduces some of the key issues facing scholars and practitioners of disaster risk reduction in urban areas, which are now home to over half of the global population. During the August recess Hill staff should have an opportunity to step back from the fast pace of votes and hearing preparation to examine priorities for the fall and beyond.
This list of must-read research and commentary covers some policy issues they will likely be addressing after the break.
Congress is considering establishing an insurance program that would make business interruption coverage for pandemics less expensive and more widely available. We have identified several key questions that policymakers could consider when designing a pandemic risk insurance program.
Insurance companies for the most part are not contractually obligated to cover the enormous business interruption losses caused by social distancing and stay-at-home orders. How might the United States design a system for risk spreading and compensation for pandemics? And what roles should insurance and government play? Legislation has been introduced in several states that would require insurers to cover business interruption losses due to the COVID outbreak.
What are the advantages and disadvantages of such a law? If policymakers were to proceed with such an approach, then what design considerations should they keep in mind? For 40 years, the RAND Institute for Civil Justice has supplied government and private decisionmakers and the public with the results of objective, empirically based, analytic research.
Wildfires in California have caused and will likely continue to cause substantial losses for residents, businesses, and government agencies. It is important to distribute these losses in a manner that provides incentives to reduce their magnitude over time.
Assessing whether networked risk assessments match the actual cascades that occur during disasters can provide a process for further refinement of assessment tools by uncovering their strengths and weaknesses. There are many ways you can control insurance costs and lower your premium. Shop around and ask your insurance representative for more information about the options below and other savings opportunities.
Insurance questions? Click here to ask. Professional Liability - Risk Management. Professional negligence may arise for example from: Financial Loss. Your corporation provides engineering advice. Risk management involvement in large claims handling, and loss reports for major property claims. Risk management project reviews.
Providing training for our clients. Professional advice and consultative services on a daily basis. Information sharing as regards learning from losses, industry loss drivers, emerging risks and loss prevention solutions. Tools for your everyday risk management Property and Business Interruption risk management Property and business interruption info sheets Information and advice about common property damage and business interruption risks.
Marine and Cargo risk management Cargo and shipping hazard information The hazard info sheets deal with some risks common for almost all modes of transport. They also describe briefly the risk in question and give clear and easily understandable advice about how to reduce the risk. From our integrated approach, we show the correlation between aspects that include occupational safety, product safety, contract management, business continuity and reputation.
We differentiate between the following forms of liability:. A single calamitous event is often followed by several consequential damage components. Using scenario analyses, we provide insight into and quantify the various damage components of feasible calamitous events. This makes your liability risks more tangible and identifiable.
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