Much will be publicized this week as the nation looks back at Hurricane Katrina, the costliest hurricane in history, which struck on Aug. 29, 2005, and caused billions of U.S. dollars in damage,
Yet much of the damage could have been prevented, notes business property insurer FM Global. To help business leaders better understand the psychological barriers that can affect their business decisions when addressing vulnerabilities to natural disasters, FM Global commissioned a new research report, “Flirting with Natural Disasters: Why Companies Risk It All,” which examines why some companies prepare for the risk of natural disasters while others seemingly gamble with their future.
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