New Podcast from ACE USA and ESIS Provides Dual Perspectives on Best Practice Approaches: Planning for a Disaster Before Catastrophic Events Strike
PHILADELPHIA - January 7, 2008 - ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, joined together with ESIS, Inc., (“ESIS®” ), its risk management services arm, to launch an audio podcast, or Internet-distributed program, on the risk management service solutions and applicable insurance coverages that are available to businesses and organizations seeking to proactively prepare for catastrophes and manage potential reputation threats. The podcast features a topical discussion by Lori Brassell-Cicchini, Assistant Vice President, ESIS Catastrophe Services, and Connie Germano, Senior Vice President, ACE Excess Casualty, on the ongoing risk management challenges faced by companies seeking to mitigate the detrimental effect of catastrophe, and the insurance solutions available that can help clients in managing threats to their organizations.
In the discussion, Ms. Brassell-Cicchini and Ms. Germano explore the unique challenges and considerations facing today's companies given the almost ongoing reports of incidents of catastrophes. Whether they stem from a natural disaster, such as floods, hurricanes, earthquakes and tornadoes, or other major events, including fires, explosions and airline crashes--the end result for a company impacted by such an event could be devastating. Selecting a TPA who can provide catastrophe management and crisis pre-planning services and a carrier who can address the inherent reputation risks these catastrophes bring to organizations-as well as offer coverage capabilities-is key to supporting the unique needs of organizations facing these threats.
“If you look at the detrimental effects of catastrophes, for example, in the form of environmental disasters, such an event seemingly beyond a company’s control could occur on its premises or at a nearby facility. Environmental catastrophes that affect the earth, air and water can evoke devastating fear on the part of employee emergency responders and the surrounding community,” said Ms. Brassell-Cicchini. “No matter what the form, when a company is affected by any one of these dangerous catastrophes-whether it is damage from an environmental incident, a product failing or caused by other factors-it is an up-close-and personal disaster the company needs to react to quickly. It’s not surprising that such an environmental event can not only affect a company’s bottom line, but can also wreak havoc on the firm’s operations, public image, and the safety and well-being of employees and their families.”