TITLE

Succession Planning, Risk Management, and Sundry Thoughts on the Big Easy

AUTHOR(S)
Thompson, Duane
PUB. DATE
November 2005
SOURCE
Journal of Financial Planning;Nov2005, Vol. 18 Issue 11, p24
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article considers the future of U.S. financial planners whose lives were disrupted by Hurricanes Katrina and Rita. Specifically, the author describes the extent to which these financial planners were affected by the hurricanes. He asks such questions as how these financial planners will change their views after a life-altering experience like Katrina. Also, whether they will spend more time on risk management issues with their clients than they did before, or they will, as a unique group, make recommendations regarding risk issues that are different from those of planners in other regions of the country.
ACCESSION #
19119378

 

Related Articles

  • Hurricanes Blow Away Poor RM Plans. Pomerantz, Glenn // National Underwriter / P&C;1/23/2006, Vol. 110 Issue 3, p15 

    The article provides information on the impact of Hurricane Katrina and Rita on poor risk management plans and also emphasizes on the need for having effective risk management plans. Businesses of all sizes were destroyed or completely shut down. According to the author, a comprehensive disaster...

  • Picking Your Risk Partner: Global, Local or Both? Hering, Paul // Risk Management (00355593);Apr2007, Vol. 54 Issue 4, p76 

    The article discusses why it is important for global corporations to form relationships with networks of affiliated independent risk management brokers. Hurricane Katrina, which effected commerce in the U.S. Gulf Coast region in 2005, is discussed. Reasons why global companies should work with...

  • Living with risk after the return. Lenckus, Dave // Business Insurance;1/30/2006, Vol. 40 Issue 5, p20 

    The article comments on the impact of Hurricane Katrina on the residents and businesses in New Orleans, Louisiana. It provides the approximate number of residents who have returned to the city after the disaster. The importance of new and improved systems to protect people and property is...

  • Hot Cat Contracts. Green, Meg // Best's Review;Apr2006, Vol. 106 Issue 12, p59 

    The article focuses on the growing popularity of industry loss warranties in the United States. Insurance companies are looking to balance their risks and tend to fill in gaps in traditional catastrophe coverage. After Hurricane Katrina, demand for industry loss warranties has increased by 35...

  • Scientist Focuses Debate On Risk Management. Tuchman, Janice L. // ENR: Engineering News-Record;4/2/2007, Vol. 258 Issue 13, p1 

    The article relates how Tom Sawyer, associate editor of "Engineering News-Record," focused on the progress of Link's work in directing the study of the performance of flood defenses in New Orleans, Louisiana during Hurricane Katrina and the work to refine risk-modeling tools to help guide plans...

  • KATRINA: WHY RISK MANAGEMENT FAILED. Berliet, Jean-Pierre // Best's Review;Jun2006, Vol. 107 Issue 2, p34 

    The article reports on the need for insurance companies to have more discipline in managing risk assumption as a result of Hurricane Katrina in Florida. The focus of management on meeting financial objectives that are not explicitly risk adjusted may have been a major cause of Katrina's large...

  • Why is Risk Management Being Overlooked? Most, Bruce W. // Journal of Financial Planning;Apr98, Vol. 11 Issue 2, p48 

    The article looks at the reasons why insurance is often overlooked by financial planners in the U.S. and their clients. Several financial planners and insurance experts are not emphasizing enough the area of risk management, not only life insurance but also disability, health, long-term care and...

  • Hurricane Katrina: GAO's Preliminary Observations Regarding Preparedness, Response, and Recovery: GAO-06-442T. Walker, David M. // GAO Reports;3/8/2006, p1 

    The size and strength of Hurricane Katrina resulted in one of the largest natural disasters in our nation's history. Hurricane Katrina raised major questions about our nation's readiness and ability to respond to catastrophic disasters. Hurricane Rita increased demands on an already stressed...

  • Hurricane clean-up costs.  // International Construction;Oct2005, Vol. 44 Issue 8, p6 

    The article reports on the clean-up costs due to Hurricane Katrina and Rita in the U.S. Insurance claims for the damage caused by Hurricanes Katrina and Rita are expected to exceed U.S. $32 billion. However, some sources estimate the damage caused by the storms to be U.S. $706 billion. Katrina's...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics