Risk managers preparing for disasters can learn a lot from the very first known practitioner of catastrophe mitigation, who took to heart advance warnings of a calamity literally of biblical proportions, took extraordinary safety measures even though there was no sign of any immediate threat, and who endured extreme ridicule for his preparedness efforts. That risk manager was none other than Noah of the Old Testament.

“Noah was the first risk manager. He underlines the importance of due diligence,” according to Jay N. Rosenblatt, a partner at SimpsonWigle LAW LLP in Hamilton, Ontario, who pointed out that it wasn’t raining when Noah built his famous ark to save the world’s animal kingdom during the great flood.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.