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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

The welfare function of disaster risk reduction must be defined by the central state and practised so that adverse impacts do not accentuate inequality in society and the burden of disaster is shared equitably. Volunteer work should be encouraged in disaster risk reduction and kindred fields. The citizen 4.1

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Adapt or Fail: Climate Change Resilience for Organizations  

everbridge

The current systems and solutions in place for managing climate hazards are often inadequate, and the reliance on traditional insurance has become insufficient. The Insufficiency of Traditional Insurance Organizations often rely on insurance providers to provide protection against the impacts of extreme weather events.

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In Cybersecurity, the Agility and Speed of Small Banks is an Advantage

FS-ISAC

Free spending cycles may also result in generic capability building and purchasing of unnecessary tools, rather than a focus on real risk reduction value. Success is Measured by Risk Reduction, Not Capability Building. Finally, large organizations seem to develop a resistance to change.

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The Ultimate Guide to Residual Risk  

MHA Consulting

Managing residual risk is similar to deciding how much of a deductible you are willing to accept in buying auto insurance. And in some cases, just as with car insurance, companies might be paying more for risk mitigation than they really need, if they have a relatively high risk tolerance.)

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How a Risk Maturity Model Can Increase Your Company’s Resilience

MHA Consulting

Second, using the risk maturity model pays. Over time, we see risks go down, the number of outages decrease, and insurance and other costs decrease. There’s nothing better than to go through the different of your company and be able to show how you reduced risk in that area.

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How a Risk Maturity Model Can Increase Your Company’s Resilience

MHA Consulting

Second, using the risk maturity model pays. Over time, we see risks go down, the number of outages decrease, and insurance and other costs decrease. There’s nothing better than to go through the different of your company and be able to show how you reduced risk in that area.