Climate Change, Cybersecurity Top C-Suite Risks for Marsh & McLennan

The video discusses the impact of climate change on natural disasters like hurricanes and floods, highlighting the economic losses and insurance challenges. It covers the rising risks of floods and wildfires, emphasizing the need for better insurance coverage. The discussion extends to cybersecurity and geo-economic risks, focusing on the challenges businesses face in managing these threats. The video also touches on the role of Marsh McLennan in advising clients on risk management strategies.

What is one of the main reasons for the increase in powerful hurricanes?

• Lower humidity levels

• Warmer sea temperatures

• Increased atmospheric pressure

• Decreased sea temperatures

Why is flood insurance coverage low among homeowners?

• Floods are not considered a significant risk

• Flood insurance is too expensive for many

• Homeowners are well-informed about flood risks

• Floods are covered by standard policies

What is a common misconception among homeowners about flood insurance?

• Flood insurance is included in standard policies

• Flood insurance is unnecessary

• Flood insurance is affordable

• Flood insurance is only for businesses

Who often ends up bearing the cost when insurance is insufficient for natural disasters?

• Insurance companies

• Homeowners

• Local businesses

• Taxpayers

What is a major frustration for CEOs regarding cybersecurity?

• Cybersecurity is too expensive

• There is no definitive end to cybersecurity efforts

• Cyber threats are decreasing

• Employees are not interested in cybersecurity

What is one of the top risks for businesses today?

• Employee turnover

• Cyber threats

• Natural disasters

• Product recalls

What is the role of Marsh McLennan in the context of risk management?

• A cybersecurity firm

• An advisor to Fortune 1000 companies

• A top HR consultant

• A leading insurance provider