270 Central Avenue
Johnston, RI 02919 USA
T: 401 275 3000 F: 401 275 3029 www.fmglobal.com
For Immediate Release
August 21, 2013
Media Contact
Steve Zenofsky, APR, Fellow PRSA
Phone: (401) 415-1945
E-mail: steven.zenofsky@fmglobal.com
FM Global Urges Property Owners to Avoid Complacency
Following U.S. Presidential Task Force Report on Hurricane
Resiliency
Commercial Property Insurer Advises Preparedness as the Peak of Hurricane Season
Approaches
JOHNSTON, R.I., USA—Following this week’s release of a U.S. presidential report from the
Hurricane Sandy Rebuilding Task Force, FM Global, one of the world’s largest business
property insurers, urges property owners to take active measures now to help prevent potential
storm losses as the peak of hurricane season approaches.
“A big lesson from Hurricane Sandy is that remaining resilient during natural disasters is
essential in order for businesses and communities to overcome nature’s forces and be able to
recover quickly,” said Brion Callori, senior vice president, engineering and research, FM Global.
“Property owners in wind-and flood-prone regions should take actions themselves, right now, to
understand and address their vulnerabilities. Hurricane experience proves that complacency
contributes to destruction and being reactive, rather than proactive, especially this time of year,
can have devastating effects.”
Data from FM Global shows that commercial and industrial clients who spent an average of
US$7,400 on hurricane preparedness measures recommended by the insurer ahead of Hurricane
Katrina, prevented an average of US$1.5 million in hurricane-related damages per location.
Those who were ready for the storm reduced their losses by 85 percent compared to those who
were not fully prepared.
“Hurricane preparedness doesn’t have to be costly or take much time to be valuable, as long as
you know the right steps to take,” said Callori. “Well-prepared businesses continue to prove that
the majority of property loss is preventable—whether it’s by raising elevators off the ground
floors prior to flooding, installing flood doors or ensuring back-up power is available.”
The approach has proven successful: One Wall Street client, through inexpensive but strategic
flood mitigation prior to Sandy, likely prevented a US$10 million loss. Furthermore, downtime
was only 12 days compared to 6 to 12 months had steps not been taken to reduce flood exposure.
To help businesses and communities be more resilient against hurricanes and other natural
disasters, FM Global has made much of its data, tools and educational materials available to the
public at no cost, including:
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Hurricane Prep 101—prepare your business now for before, during and after a
hurricane
Emergency Response Planning—devise an emergency response plan using the “Build
Your Own Plan” utility
NatHaz Toolkit—prepare with proven tools essential to mitigating damage and
disruption
FM Global Property Loss Prevention Data Sheets—examine valuable data and read
property loss engineering guidelines written to reduce the chance of property loss
Approval Guide—see the tens of thousands of products and services, tested and certified
by FM Approvals to protect property from loss
RoofNav—gain access to a complimentary tool from FM Approvals that provides the
most up-to-date FM Approved roofing products and assemblies
Risk Essentials—download an FM Global app for iPad, iPhone and iTouch, featuring
regularly updated loss prevention advice and success stories
The above resources also can be found at www.FMGlobal.com/resources.
About FM Global
Established in 1835, FM Global is a US$5.5 billion mutual insurance company whose capital,
scientific research capability and engineering expertise are solely dedicated to property risk
management. Its client-owners, who share the belief that the majority of property loss is
preventable, represent many of the world’s largest organizations, including one of every three
FORTUNE 1000 companies. They work with FM Global to better understand the key property
hazards that can impact their business continuity to make cost-effective risk management
decisions combining property loss prevention with insurance protection. FM Global is rated A+
(Superior) by A.M. Best and AA (Very Strong) by Fitch.
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