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Canada's costliest catastrophe is flooding. Is your business prepared?

CCEM Strategies

1 Of the top 10 most expensive natural disasters in terms of insurance payouts in Canada, floods are responsible for four. The Insurance Bureau of Canada states that the insured damage of this event was $675 million. Floods are the costliest natural disaster in Canada in terms of property damage.

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A Resilience Charter

Emergency Planning

Local mayors or chief executives should have a primary role in ensuring that arrangements are in place for emergency planning, management and response. The central government must ensure that resources are adequate to respond to the kinds and levels of emergency that are envisaged in planning scenarios. The private sector 5.1

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How Business Continuity Provides Value to A Business

Erwood Group

The first and most obvious to many is that business continuity planning helps organizations obtain reduced premiums on insurance. This is also good for workforce continuity should the need arise, especially if having to move the process geographically due to business disruption. Contact them and ask.

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An Introduction to FFIEC: BCM’s Gold Standard

MHA Consulting

Collectively, these guidelines make up the FFIEC Business Continuity standard, whose purpose is to make sure the banks and other financial institutions that are required to follow it can continue to operate even if they are hit with a disruption. The FFIEC standard can be found here, and it’s completely free. Not even close.

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Business Continuity as a Business Strategy

Disaster Recovery Journal

The firm had an advantage in understanding the legal frustrations surrounding insurance claims, city investigations, and client services. The common elements between the two businesses are a well-communicated business strategy, pro-active managers, and a lack of an established business continuity plan. Conclusion.

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The Best Governance, Risk, and Compliance Software to Consider

Solutions Review

The platform also offers continuity planning capabilities, allowing users to sequence their actions based on dependency and what-if analysis, rather than static plans. The vendor also provides educational features and monitoring of third-party access, which can cultivate a culture of compliance for businesses.

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National Preparedness Month Highlights the Move from “If” to “When” in Preparedness Planning

Castellan

While the total economic impact of Ida’s devastation is yet unknown, some analysts are targeting insured losses between $15-$18 billion, according to The Wall Street Journal and Bloomberg. Castellan has a range of free resources to help your team with disaster response and business continuity planning.