Superstorm Alters Companies’ Risk Focus (CFO)

Because of a proliferation of “superstorms” and other disasters organizations are shifting their focus towards being aware of and planning for the low-likelihood, high-impact events, “The things that are unlikely to happen, but should they happen, it would be catastrophic,” Padelford says. “Five or 10 years ago those would never have gotten onto the board’s radar, because someone would have questioned the 100-year chance of that happening.”

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