Items tagged with risk management:
News & Updates:
Despite the vulnerability of America’s aging infrastructure to costly disruptions from man-made and natural disasters, infrastructure insurance under-utilized. On average, only 30% of catastrophic losses in the past 10 years have been covered by insurance. Most infrastructure project managers have relied instead on taxpayer-funded federal aid when disaster strikes. But it doesn’t need to be this way. In this brief, Gina Tonn, Jeffrey Czajkowski, and Howard Kunreuther use technical reports and input from infrastructure managers to outline steps that policymakers can take to help maximize the use of infrastructure insurance for providing financial protection, encouraging investment in loss mitigation measures, and limiting the current reliance on taxpayer dollars.
Recently on Knowledge@Wharton show on SiriusXM channel 111, faculty affiliates Howard Kunreuther and Michael Useem discuss the contents of their new book Mastering Catastrophic Risk: How Companies Are Coping with Disruption. By reexamining the field of risk management, once an afterthought for many companies, the authors provides ways for business leaders think more deeply about worst-case scenarios in corporate settings.
“It’s very clear that things are getting worse now than they have been in the past,” said Faculty Affiliate Howard Kunreuther, Wharton professor of operations, information and decisions and co-director of the Wharton Risk Management and Decision Processes Center. “Particularly in Houston with respect to Hurricane Harvey, a lot of the losses from these disasters are now coming from urban flooding and things that had never been on the agenda before.”
What are the biggest risks that individuals, businesses and governments face in the year ahead, and beyond? According to the 2018 Global Risks Report, published by the World Economic Forum, the environment, cyber security and geopolitics are the areas drawing the most concern.
“The big message that came out of this report is the tremendous importance of the environment” as an area to watch, said Faculty Affiliate Howard Kunreuther, co-director of the Risk Management and Decision Processes Center. “It’s not that that wasn’t [a concern] earlier, but it certainly didn’t have as high a profile.”
As the world becomes increasingly unpredictable, the ways that organizations manage risk will become even more important.
In an increasingly volatile world, risk must be much more reactive and open-minded about the issues that could come along, says Faculty Affiliate Peter Cappelli, George W. Taylor professor of management at The Wharton School, and director of Wharton’s Center for Human Resources. “The tools for managing [risk] have gotten better but I don’t think knowledge of them has spread that far,” he says.
CDC: Emergency Preparedness & Response
The CDC Emergency Preparedness and Response website is CDC’s primary source of information and resources for preparing for and responding to public health emergencies.
This site continues to keep the public informed about public health emergencies and provides the information needed to protect and save lives
Quick link: http://emergency.cdc.gov/
CDC: Office of Health Preparedness & Response
CDC’s Office of Public Health Preparedness and Response leads the agency’s preparedness and response activities by providing strategic direction, support, and coordination between local, state, tribal, national, territorial, and international public health partners.
CDC provides funding and technical assistance to states to build and strengthen public health capabilities. Ensuring that states can adequately respond to threats will result in greater health security; a critical component of overall U.S. national security.
Quick link: http://www.cdc.gov/phpr/
Federal Aviation Administration: Accident & Incident Data
The NTSB issues an accident report following each investigation. These reports are available online for reports issued since 1996, with older reports coming online soon. The reports listing is sortable by the event date, report date, city, and state.
Federal Bureau of Investigation: Crime & Terrorism Statistics
Quick link to Reports and Publications where you can find information and data about the topics listed below:
- Terrorism Reports (current and historical)
- List of Foreign Terrorist Organizations, U.S. Department of State
- Internet Crime Reports
- Financial Crimes Report to the Public
- Financial Institution Fraud and Failure Reports
- Mortgage Fraud Reports
- Bank Crime Reports
- Campus Attacks
- Crime in Schools and Colleges Data
- FBI Laboratory Annual Report
- National Instant Criminal Background Check System Operations Report
- Regional Computer Forensics Laboratory Program Annual Reports
- Uniform Crime Reports: Crime in the United States
- Uniform Crime Reports: Hate Crime Statistics
- Uniform Crime Reports: Law Enforcement Officers Killed and Assaulted
Federal Emergency Management Agency (FEMA)
FEMA’s mission is to support citizens and first responders to ensure that as a nation we work together to build, sustain and improve our capability to prepare for, protect against, respond to, recover from and mitigate all hazards.
To view historical disasters by state, see: http://www.fema.gov/states