How to Protect Against Contingent Business Risk – Keith Boyer

4 examples of how a professional risk manager can help you prepare & outlast potentially detrimental situations Two partners at a building supplies manufacturing company were exactly where they wanted to be. Their firm sold best-in-class building supplies at competitive prices. Profit margins were exactly where they should be. The firm had earned the trust […]

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Risks Ahead. Property Damage Due to Extreme Weather

According to the National Oceanic and Atmospheric Administration, 2015 was the second hottest year on record in the 48 states.  10 extreme weather and climate events together accounted for over $10 billion in property damages.  2015 was also the 19th straight year the annual average temperature exceeded the 20th century average.  2016 could be even […]

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Risks Ahead. Disaster Recovery Planning

These four strategies can help support staff and address human resources concerns in the event of a disaster. Implement disaster preparedness plans that cover all contingencies. Communicate plans to all employees before disaster strikes, while ensuring they are trained to respond quickly and properly. Anticipate both personal and professional impact a disaster will have on […]

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Don’t Forget To Test Your Business Continuity Plan

business continuity plan

According to a recent survey of over 500 midsize business owners and C-level executives in the US, 59% had a formal, documented business continuity plan and 33% had an informal, verbal plan. 8% had no plan. Of those businesses with continuity plans, only 19% had actually tested them. (source: The Hartford) Additionally, the survey found […]

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Risks Ahead. Did you know?… Catastrophe risk

Risks Ahead. Call KMRD

“The frequency of catastrophic events appears to be increasing, with a record number of catastrophes last year,” according to Swiss Re’s chief economist. 1. A record 189 natural catastrophes were recorded in 2014. 2. The most costly insured catastrophe loss in 2014 came from lightning and hailstorms in the United States in May, resulting in […]

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Recovery Begins After Disaster Strikes

There is no textbook disaster, and yet… Every disaster is different. The gulf oil spill has been different than Katrina, just as the wild fires that recently scorched California’s Riverside County were different than the gulf oil spill. And yet, each successful disaster recovery exhibits many of the same attributes. Effective management Every successful recovery […]

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Are you ready for your company’s cyber doomsday?

IT Disaster Recovery

Last week, an insurance industry executive testifying before the Senate Committee on Commerce, Science & Transportation at a hearing on “Protecting Personal Consumer Information from Cyber Attacks and Data Breaches,” reported that clients purchasing stand-alone cyber insurance increased by more than 20% in the past year. His appearance followed by one day Senator Jay Rockefeller’s […]

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$0 cyber liability coverage for 75% of American businesses

Cyber Risk

According to a recent Towers Watson & Co. study, 75% of American businesses do not have cyber liability coverage.  And yet, cyber security concerns affect companies of all sizes: 563,000,000 records have been reported leaked since Privacy Rights Clearinghouse began tracking US data breaches in 2005. The Privacy Rights Clearinghouse database contains information on breaches […]

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Contingency Planning in the event of a financial services network cyber attack

Cyber Risk

Following recent denial of service attacks on computer networks at Bank of America, JP Morgan Chase, Citigroup, U.S. Bank, Wells Fargo and PNC, House of Representatives Intelligence Committee Chairman Mike Rogers warned that emerging cyber threats to U.S. financial networks can be traced to nation states including Iran, China and Russia. According to Committee Chairman […]

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