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... Southern California.) 1.5 Lack of Industry Stakeholder Awareness Following are typical risk and insurance management industry stakeholders who, all too often do not include the illusive Crisis Management Plan segment as an integral part of their risk and insurance management considerations: Risk Managers and Chief Financial Officers Frequently do not have formulated emergency plan involving a detailed response action plan and documented evidence of pre-and-post incident strategic planning. Insurance Brokerage Firms Clients' comprehensive risk and insurance management programs are typically devoid of emergency non-business hour contacts and recommended pre-crises and post-loss procedures including suggested ... is now true for organizations. Unfortunately, the short-term orientation of most managers today prevents them from acknowledging the risk to every organization. An anti-terrorist task force for the World Trade Center told the Port Authority eight years before the devastating blast in February 1993 that the center's parking garage was vulnerable to a bomb attack and should be closed to the public (according to press reports following the blast) . Ignoring the advice of experts ended up costing peoples' lives, millions of dollars, and the disruption of hundreds of businesses. Getting ... not limited to: Customer and employee life safety focus Insurance premium and/or risk funding expense reductions Facilitate restoration of operations Image and goodwill retention Contribution to stability of stock value and performance Improved legal compliance Reduction of negligence litigation exposure Positive defense posture applicable to Officers and Directors Operational continuity, financial and impact loss control Protection and maintenance of market share position 3.2 Plan Expense Considerations There is seldom any justification to require staffing for an operating crisis management plan. Normally the individuals involved in the crisis management plan simply incur a broader responsibility range ...

...Risk Managers and Chief Financial Officers Frequently do not have formulated ... for stakeholders Protection for Officers and Directors from negligence litigation C...