As the 2020 risk landscape continues to shift and the COVID-19 pandemic remains active heading into hurricane season, Guy Carpenter is collaborating with companies and governments to address these and other risks.
During the global pandemic, many organizations may find it difficult to focus on any risks beyond COVID-19. But while the pandemic has slowed the global economy, the seasons roll on. Spring flooding is underway in some parts of the United States, and hurricane and wildfire seasons are on the near horizon. In fact, federal scientists predict that 23 states will see moderate to major flooding by the end of May, while Colorado State University’s annual hurricane forecast projects an above-average number of storms in 2020. That means it’s even more important for organizations to be prepared for when the next disaster strikes, according to Renata Elias, Senior Consultant, Strategic Risk Practice, and Robert Smith, Managing Director, Client Advisory Services, both of Marsh Risk Consulting. Marsh is an affiliate of Guy Carpenter.
Planning for Multiple Events
During the pandemic, standard advice for preparing for natural disasters generally still holds, though organizations also need to look at their strategies through a COVID-19 lens. How do the pandemic measures now in place affect your contingency plans? What amendments do you need to make to existing natural disaster response plans?