Surname 1Firstname lastnameProfessorCourse AffiliationDateRisk Management: Hazards and Risk assessmentAfter the Hurricane Katrina, most managers were left questioning the effectiveness ofinsurance coverage on natural calamity. A hurricane sweeps off property completely, o attimes partially. Companies that were covered were compensated. However, coverage cannotcompensate revenue, but rather, profits and other losses. As a result, the calamity was a majordrawback (Brinkley 3-47).The September 11th 2011 was a major set back to Wall Street business, causingcommunication interruption, that lead to both huge and minor business damages for manycompanies that were in active business on that day (Brinkley 3-47). Managers have learnedfrom the two incidences that disasters lead to losses and even if they are covered, the coverdoes not settle to whole turmoil. When suppliers, investors, employees and customers areaffected, the company has to begin from zero. There are metal, bomb and weapon detectorsthat have been put in place. The information technology sector has also been boosted a greatdeal, and shutdown of one communication channels does not leave companies withoutcomm ...
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