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Risk in Context Podcast: Preparing for and responding to tropical storms

Tropical storms — whether hurricanes, typhoons, or cyclones — can bring significant destruction as affected regions are hit by heavy rain, strong winds, or extreme flooding.

Tropical storms — whether hurricanes, typhoons, or cyclones — can bring significant destruction as affected regions are hit by heavy rain, strong winds, or extreme flooding. The potential devastation requires organizations to take action to prepare for the potential impact of severe storms to their people, their properties, or their supply chain.

In this episode of Risk in Context, Marsh colleagues discuss the actions that business leaders should be taking to prepare for storms, practices that should be put in place to aid recovery, and how companies can streamline a claims process. This episode also addresses the importance of building resiliency both ahead of and during tropical storm season and acting on lessons learned.

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Key takeaways

Take a people-first approach.

When a storm is approaching, take actions to protect your people and continue to prioritize their wellbeing during and after a storm. The way you treat them may determine the speed of your recovery and continue paying dividends well beyond.

Consider the wide-ranging impact of storms.

Storms can lead to significant property damage, but may also affect your suppliers and other partners and impact your operations. Consider the potential of surge pricing and how it could impact your rebuilding efforts.

Prepare for potential losses before they happen.

Time is of essence following a major loss. Take action to understand the claims process well before a loss takes place to help streamline the recovery and rebuild process.

About our speakers

Michael Rouse

Michael Rouse

US Property Practice Leader, Marsh

Based in New York City, Michael Rouse is the leader of Marsh’s US Property Practice. His responsibilities include overseeing all property placements in the US for both global risk management and corporate brokerage segments. In addition to his management responsibilities, he is directly involved in the development, design, and placement of domestic and global insurance programs for several Fortune 1000 companies and public entity clients.

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