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...es; product tampering; extortion; kidnap and ransom; credit risk, claims and self-insurance monitoring; claim fundi...is essential database. Ask your broker and insurer to help create this database. There are reasons, and systems available, for generating this information. Always stay informed, and the benefits will exceed your wilde...

... common the scarcity of time available to cope with the situation. For this reason, pre-loss planning becomes vitally important as associated with coping with many of the typical confidential crisis exposures. These exposures may include, but are not limited to the following: Confidential Crisis Exposures Kidnap Ransom Personal extortion Asset extortion Product extortion Product contamination Product alteration Product recall Economic sabotage Industrial espionage Political risk 14.2 Management of Highly Sensitive Crisis Exposures It must be assumed that the majority of highly sensitive crisis exposures are monumental in the effect upon the operating organization as well ... highly sensitive to public exposure and must be treated confidentially. Frequently, major organizations have established an Executive Security Committee which reports to the Executive Committee. This strategy provides for quick action and direction for senior executives without the encumbrance of attempting to get Board of Directors response and input to a sensitive crisis situation when timing may be critical. The operation becomes more manageable when the anticipated scope of responsibilities is within a Board of Directors pre-approved security program with defined action objectives involving both on-going procedures and policies. The Executive Security Committee should be ... selected and should meet on a regular basis. In the event of a highly sensitive crisis occurrence, this group should be ready to convene immediately regardless of day of week or time of day. In addition, the appropriate special resources should be indoctrinated as to anticipated action on a pre-crisis basis and be readily available to assist the Executive Security Committee as warranted. Banking arrangements should be established in the event extortion payments are anticipated or would be approved. This provision is generally rather simple to establish and provides for cash availability on a ...

...Confidential Crisis Exposures Kidnap Ransom Personal extortion ...xhibit depicts risk financing strategy and options, provides the various special resources and identifies the response strategy fo...