The Occupy Wall Street (OWS) movement, which has now spread to a number of cities across the United States, will test both public and private entities when claims start rolling in, says one risk-management expert.
While most cities are accustomed to demonstrations, they may not be prepared for an ongoing movement like OWS, says Lori Seidenberg, a member of the Risk and Insurance Management Society’s board of directors, who serves as board liaison to the society’s Standards & Practices Committee.
“Something like this could not have been anticipated by any risk manager,” she says. “I know there is always a chance of a gathering in a park, but I don’t think a prolonged occupation was on anybody’s radar.”
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