Insurance Bureau of Canada says property damage caused by storm that swamped the GTA on July 8 is more than $850 million. The storm and flash flooding that hit the GTA on July 8 has set a record for the province’s most expensive natural disaster, according to the Insurance Bureau of Canada.
A preliminary estimate of insured property damage is already more than $850 million, IBC said Wednesday. The high school teacher, who lives in Mississauga’s Cooksville neighbourhood with his wife and two young sons, only returned to live in his home days ago, after weeks of cleaning. A GO Train was stranded by floodwaters and cars were abandoned during the126 millimetres of rain recorded at Pearson International Airport. Palumbo said in a statement that the insurance industry was prepared and is able to fulfil obligations to customers but there needs to be further preparation for more frequent severe weather. The dollar figure was reported by PCS-Canada Service, which tracks losses from Canadian catastrophic events. PCS previously found that a wind and rain storm in August 2005 cost $671 million and four days of heavy rain in July 2009 cost $228 million. The most expensive storm in Canadian history so far was the Quebec ice storm of 1998, with economic consequences totalling more than $1.5 billion, Kee said.
There’s no estimate yet for the flooding in Alberta in June and July, as cleanup work continues and tabulations are changing almost daily. In two months, Ontario insurers will be asked to update the estimate of total insured losses in Toronto and elsewhere in the province. Sales in the first quarter of 2016 rose 15.8 per cent from the opening three months of last year, according to the Toronto Real Estate Board. These days, the world is being hit with more and more natural disasters every year: from tsunamis to earthquakes. Unfortunately, according to this infographic 74% of businesses do not have a recovery plan. Business continuity is back on the agenda, as companies recover from a year of snow, ash clouds, and snow again. Severe weather, flu pandemics, power failures and transport chaos: events that disrupt a business come in many guises. However, despite the clear dangers, only around half of all businesses are said to have a business continuity plan, and even fewer have one that can really be considered effective. Stuart Hotchkiss, author of the recent BCS book Business Continuity Management: In Practice, believes the problem goes deeper.
This lack of preparation comes despite evidence that disruption can be fatal to a business. As Forrester Research points out, one reason for low levels of preparedness is that it can take a headline-grabbing disaster to force boards to pay attention to business continuity. For IT departments, though, it is vital to recognise that a good business continuity plan has both IT and non-IT elements.
To do this, IT departments can turn to technologies such as remote and mobile working and, increasingly to cloud-based services, from simple online backups or Google Apps to more complex systems employing cloud infrastructure to store data remotely and run backup copies of applications. Good communications management is also essential: companies need to ensure that they can circulate alternative email addresses and contact numbers of key personnel, and that staff working on a Plan B can connect to backup services, for example if the main VPN or datacentre is down. The fact that good continuity measures go beyond IT recovery plans emphasises the need for IT to be part of a multi-disciplinary team.
Then, the project planning team needs to look at the organisation's business processes, to see which need protecting or replicating. Forrester calculates that business continuity and disaster recovery should account for six to seven per cent of IT budgets.
Stuart Hotchkiss' Business Continuity Management: In Practice is available from the IT PRO bookstore. December 13, 2014 Leave a Comment Share this:TweetTornadoes, floods, earthquakes, mudslides, and avalanches — the list of ways that Mother Nature could unexpectedly unleash her fury seems almost endless. Having insurance can give you some financial relief if a natural disaster destroys your property. When the crisis ends, you have to decide whether to rebuild your business or take your life in a new direction.
When there’s no hope in sightIf the and cost of selling your assets is too much, or if the sales won’t satisfy your creditors, bankruptcy might be the best alternative. LIKE THIS POST?Join our community of 5000+ subscribers to increase your net worth and build wealthWe hate spam. SB is a husband and working as a software professional for a Fortune 100 corporation in Florida. You can receive free full-text articles from One Cent at a Time in your email inbox by entering your email below. TweetAs part of Mobile, Alabama’s Neighborhood Renewal Program, the city sited two new modular homes on property it owns and will sell the homes to a non-profit that will then offer the homes to low income families, as WSFA-TV informs MHProNews. Each home is 750 square feet with two bedrooms and a bath, and built to withstand 150 MPH winds from a hurricane or other natural disaster.
Mobile Mayor Sandy Stimpson says, “These new homes are a prime example of how we are taking back our neighborhoods. TweetThe Liberty City Council in Liberty, Tex., just northeast of Houston, revised its ordinance regarding the replacement of a manufactured home destroyed in a natural disaster so it aligns with state law. Editor’s Note: This is the second article of a two-part series covering disaster preparation and recovery. AssessmentAfter a disaster event has occurred, it is important to determine the level of damage sustained as well as its impact on internal and external operations. What is the extent of the damage to the site and potential transportation routes to the site?
What is the damage to offsite materials belonging to the contractor, subcontractors and suppliers? When reviewing the CPM schedule, was consideration given to adjusting the schedule for the disaster event delay and to remobilization, demolition and reconstruction? What necessary steps will be required by the customer’s insurance and financial entities before construction can recommence? CommunicationIn many situations, the communication and assessment phases can be conducted concurrently. It is also important to establish communications with other agencies, including the firm’s insurance company, its bonding company and other financial institutions that are critical to its ongoing operation.

After suffering damage wrought by hurricanes such as Andrew and Katrina, many of the affected businesses, regardless of industry, were incapable of reopening. Customer Management Marketing and customer management are often not considered immediately after an event. What format or delivery mechanism will provide the greatest value and inform the customer of the project’s current state? However unorthodox, what actions can the firm take to facilitate an expeditious recovery for the customer? As the customers focus on their associates and business, their attention is drawn away from future construction opportunities. Over the past several years, hurricanes, floods, earthquakes and other catastrophic events have devastated entire regions, leaving crumbled debris and scores of broken lives in their wakes.According to a recent study by the Insurance Information Institute, more than 40% of the SMBs that have been affected by these disasters never recover. In 5 & 6 November we organize the fifth edition of the Certified Sustainability (CSR) Practitioner in Romania. Meet the Sustainability (CSR) Practitioners certified by IEMA after attending the trainings organized by The CSR Agency in Romania. Read the views expressed by The CSR Agency internal and associate consultants about CSR and Sustainability in Romania and worldwide. Find out more about how we can help to manage the risks you face and make the most of the opportunities that sustainability presents through our strategy services. We are the first independent consultants in Romania who have implemented a local assurance project in Romania – Ursus Breweries Sustainability Report in 2012.
Our parthership is focused on creating a civic behavior model for the Romanian society and bringing the Romanian non-governmental sector in the spotlight. The CSR Agency is part of the CSE Network, a leading firm specialized in global sustainability (CSR) consulting, coaching and training. We are a registered Organizational Stakeholder of the GRI and support their mission to develop globally accepted sustainability reporting guidelines. There were a couple of thick inches of mud on our basement floor and a really horrible smell. How ready are they and what do they need to do to ensure they don't loose everything in the next Hurricane Sandy? With such volatile weather conditions becoming the norm, it's important small businesses take a few moments to ensure their natural disaster preparedness is optimal. Seventy one percent don't have a back up generator either, which means that if the lights go out, they stay out.
But creating a good continuity plan neither just about planning for disasters, nor a task for IT alone, says Stephen Pritchard. Bharat Thakrar, the global head of BT Global Services’ business continuity portfolio, puts the percentage of companies with that have a BC plan at 48 per cent, with the figure for SMEs “even lower”. According to research carried out by RISE, a cloud-based provider of data centres, which recently launched a business continuity service, 20 per cent of companies will suffer an outage.
But there are other ways to focus directors' minds on the issue, including the risk of falling behind competitors – who will be more attractive to customers and more profitable if they suffer fewer failures – and the pressure of industry regulation.
For Magnus Leask, IT director of Fast Track, a sports marketing company that runs events such as the Aviva UKA (Athletics) Grand Prix, the cost of continuity planning is low, when set against the cost of lost business.
Conventional, IT focused disaster recovery keeps systems running, but does little, for example, to help employees caught out by the weather.
Few organisations will be able to protect all their processes, systems or applications to the same degree.
Businesses need to test both the practicalities of their BC arrangements – can staff reach a recovery centre, do emergency communications work – as well as the technical recovery of IT systems and data. But for IT directors who have had to deal with an outage, it is testing that can make the difference between survival, and failure.
However, your choices in the hours, days, weeks, and months following a disaster will determine whether your business recovers. In October 2012, superstorm Sandy knocked out power and flooded lower Manhattan for several days.
Mark Shuman, who lost his restaurant and catering company during a tornado in Moore, Oklahoma, focused on providing food, grief counseling, and other assistance to the community. If you decide to rebuild, contact the government to seek financial assistance for cleanup, replacing your assets, and replacing your income. Write down brand names, model numbers, serial numbers, quantities, and other pertinent information. As long as you have a well-constructed liquidation plan, your creditors will most likely cooperate. Ask an appraiser to calculate the liquidation value of your assets so that you accept fair offers.
You might have a more successful sale if you turn it over to a professional auctioneer, broker, or dealer. Your email will only be used for subscription, and each email will include a link you may use to unsubscribe at any time.
Regardless, I only recommend products or services I use personally and believe will add value to my readers.
The opinions expressed herein by him are his own and not those of his employer or anyone else.
The city’s Community Housing and Development Department purchased the homes using HOME Investment partnership dollars after the city received clear title to the property in December of last year. It’s the answer to many of the challenges we are facing including blight, housing and crime. A home ruined by a fire or natural catastrophe does not count under the one-time replacement rule as long as the replacement home is a newer model of the same or larger size. Part one appeared in Construction Business Owner’s July 2013 issue and is available here. Once the affected area is safe and cleared by appropriate emergency personnel, the contractor should document the extent of the damage through reports, photographs and video. Have there been breaches in the building shell that could allow for mold propagation and other organic growth? The premise behind the communications element is to determine the best course of re-establishing channels internally and externally. A person should be charged with maintaining an updated list of contacts and initiating communication as soon as possible.

Mobilization, much like the other elements of the disaster recovery plan, is dependent upon people.
By assisting them in their operations in the short term, contractors may influence customers’ planning and operations in the long term. According to recent studies, the result is that an alarming number of small businesses never reopen their doors.
As a small business owner, the high rate of post-disaster business closures should be a wake-up call to prepare your business for recovery before a disaster occurs.Although it's unlikely that you'll ever need to use it, the preparation of a comprehensive and updated disaster recovery plan is a necessity for any business committed to effective leadership and long-term survival.
Doru is a founding member of the “MaiMultVerde” Association which he is currently running as a Director. Having a generator would be a good step for most businesses to ensure they can remain open during bad times.
Of the remainder, half have out-of -date plans, which would never work in practice, and I would guess that only 10 per cent of companies do any kind of yearly testing,” he says. Of those that do not have a recovery plan 43 per cent will never re-open, 80 per cent will fail within 13 months and 53 per cent fail to recoup losses incurred as a result of the incident. But an IT system that is prone to failure poses its own challenge to the business' operations. An orderly system for recovering data and bringing applications and processes back on line should also be part of the plan, so that all employees know what is offline, and how quickly it is likely to be recovered.
Only testing shows that the chain in command does work, and reveals where bottlenecks or vulnerabilities sit within systems themselves.
Many weather-related disasters, particularly as climate change has accelerated, have become more common and more costly than ever before. You need to run it as best you can, look for financial assistance, and decide whether keeping your business open is worth the cost and the effort.
Doctors and victims depended on his business to provide essential medical care, so he had to stay involved even though he had lost his property. He called owners of similar companies in three different states, and three executives came to Joplin within 24 hours. Jennifer Walzer, who owned a company that helped other businesses salvage lost computer data, couldn’t reach her offices. When he rebuilt his business, others remembered his generosity and supported his restaurant. Also, ask for extensions related to filing business documents so that you can focus on recovery. The success of recovery efforts directly correlates to the effectiveness and execution of disaster preparation. What contingencies are in place if utilities and traditional communication lines are inoperable? This will assist insurance officials in their processing of the claims and will document the state of the firm’s projects. With the assessment complete, firms can expedite the process of filing claims and rebuilding projects and offices. However, addressing the customer’s needs after a firm has organized itself demonstrates a continued proactive instinct for customer service. Resident John Motazedi owned a business that provided IT services to local health care providers.
Her office manager ordered special mobile phones and shipped them to all eight of her employee’s homes. In addition, as yourhoustonnews informs MHProNews, the newer home must have been manufactured within ten years of the replacement date. Regardless of the plan, however, there is unpredictability associated with any disaster, so each element of the plan should be flexible enough to compensate for unforeseen conditions.
After normal operations are resumed, there will be expectations about a project’s schedule and budget. Two-way communication channels may be operable but are often overloaded by emergency personnel utilization. This step allowed them to stay in touch, help current customers, and field calls from new customers who needed them. When the firm has documented the disaster and can provide a picture of its impact, it may avoid the adversarial discussions and litigious situations that might otherwise arise from delays and budget overruns. But in the days following a natural disaster, your cash reserves will carry your rebuilding efforts until you receive payment from insurance companies or government recovery programs.Connect with federal and state agencies. Is the communication plan developed in the preparation phase feasible in light of the current conditions?
Government agencies and organizations like FEMA and the Red Cross are integral players in disaster recovery. In a disaster recovery situation, competition often takes a back seat to mutual concern and assistance.
By networking with competitors before and immediately following a natural disaster, you speed up the recovery process not only for your business, but for the entire community.Stay in touch with your employees.
A natural disaster doesn't just disrupt your business – it also disrupts the lives of your employees. Even if your workers' homes emerge from the disaster unscathed, the prospect of losing their livelihoods will weigh heavily on your workforce.
As a responsible business owner, it's imperative to check up on your employees after a disaster and maintain clear channels of communication throughout the rebuilding process.Establish community relationships.
When disaster strikes, community members pull together and help each other rebuild their lives.
Businesses with strong community relationships often benefit from community goodwill during the recovery phase.
At the same time, these businesses become anchors for families and other businesses in the area.

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Rubric: Emergency Preparedness Survival


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