New York, February 13, 2012
Natural disasters struck with devastating frequency and severity in 2011, wreaking more than $100 billion in insured losses. Hurricanes, tornadoes, tsunamis, and earthquakes can stress an organization’s operations, personnel, business model, and balance sheet—and as the 2011 earthquake and tsunami in Japan demonstrated, a company does not have to be in the direct path of a disaster to suffer a significant loss.
To assist businesses in adapting lessons learned in 2011 to prepare for potential catastrophic events in 2012, Marsh will host a one-hour webcast on Wednesday, February 15 at 11 a.m. EST: “Catastrophe Claims—Preparation and Response.”
“One of the lessons from 2011’s catastrophes is the need for organizations to prepare before disaster strikes,” said Paul McVey, leader of Marsh’s Property Claims Practice. “Effective pre-loss preparation—including claim management plans that are scalable, flexible, and aligned with organizational goals—can go a long way toward ensuring a smoother and quicker claims settlement process and reducing much of the uncertainty that can arise after a catastrophic loss is incurred.”
Mr. McVey will be joined on the panel by Robert Gall, a managing director in Marsh’s National Claims Practice; Ken Giambagno, leader of Marsh Risk Consulting’s Forensic Accounting and Claims Services; Robert O’Brien, a managing director in Marsh’s National Claims Practice; and Maxine Walker, Western Division Claims Manager at FM Global. Brian Elowe, a managing director in Marsh’s Global Risk Management division, will moderate the panel.