RIMS WILDFIRE RESOURCE CENTER
Recognizing the devasting impact of wildfires, risk professionals must be ready. The RIMS Wildfire Resource Center features a collection of articles, podcasts, and reports to support risk professionals as they proactively address this growing risk, act to keep employees and communities safe, and respond and recover effectively.
Tips for Filing Successful Wildfire Claims
Sparked by both lightning storms and a “gender reveal” gone wrong, devastating wildfires have claimed million acres and cause substantial damage including air contamination. While coverage terms may differ, the following tips can help a wide array of businesses file claims under commercial property or business interruption policies.
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Strategies for Funding Wildfire Mitigation
The increase in frequency of droughts, heat waves and wildfires pose a real threat to society, straining agriculture, water and energy resources, public health, and government and household budgets. Fully achieving financial resilience requires being knowledgeable of the risks, determining the level of risk tolerance, cost-effectively mitigating and managing the risk, and taking financial action accordingly.
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Under Fire: Planning for Wildfire Risk
Even the best mitigation plan is not a guarantee in the face of unpredictable wildfires. Here’s what risk professionals need to know about wildfire risk, key considerations for a wildfire mitigation strategy, and how to proactively prepare for the future…
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Best Practices for Preparing a Business Interruption Claim
As they weather the storm season, many businesses will experience property damage, often accompanied by business income losses. Most commercial property policies will provide business interruption coverage and extra expense insurance as an adjunct. However, the complexity of a business interruption claim coupled with a pressing need for operating capital often combine to create a difficult scenario for business owners.
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Mitigating Wildfire and Smoke Risks
As wildfires in Canada remain a top concern and communities in the United States recognize the potential devastation of wildfires, organizations across North America should take the measured steps to help reduce their risk…
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RIMSCAST: California Wildfires: Risks, Preparedness, Business Continuity and the Impact on Insurance Markets
Joining the podcast to offer insight on wildfire preparedness and business continuity, as well as wildfire’s impact on the insurance markets, are Martha Bane, Executive Vice President and Managing Director of the Property Practice at Gallagher, and emergency preparedness expert Regina Phelps.
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Employer Obligations in Disaster Response
Every region around the world is at risk of experiencing extreme weather events, whether it is tornadoes, wildfires, winter storms, hurricanes, tropical storms, floods, earthquakes or volcanoes. There is little that employers can do to prevent natural disasters from occurring. However, preparing for the impacts that a natural disaster and protecting employees and the business must be a priority.
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The Insurance Impact of the Fort McMurray Wildfires
While it happened 2016, the wildfire that started at Fort McMurray still provides valuable lessons for wildfire risk management. The article provides a recap of the wildfire event and what risk professionals can still learn from it.
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The Changing Value of Property Risk
Environmental and economic factors have driven surges in both commercial property losses and insurance premiums. How can companies ensure they are properly valuing their property risk and obtaining adequate insurance coverage – especially before a natural disaster strikes?
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The Human Element of Disaster Recovery
Disaster comes in many forms, from the fury of storms and earthquakes to the destruction brought on by explosions and spills. Just as important as protecting physical assets, however, is considering how a disaster can affect the company’s workforce and the communities they live in.
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