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La Niña Briefing Paper: Risk Management and Mitigation

Our last La Niña season caused major devastation, driven in large part by the widespread floods (2011) and Tropical Cyclone Yasi (2011), which resulted in insured losses of more than $1.5bn in Brisbane and other parts of Queensland.1

The significant risk of property damage and business interruption during this summer means now is the time to understand your flood and cyclone exposures, assess your preparedness for natural hazards and take measures to mitigate risks.

What's covered?

On Thursday 12th November 2020, Marsh’s leading experts in Natural Catastrophe Risk and Resilience, alongside a special guest speaker from Australian insurer, Vero, hosted an interactive webinar for clients. 

In this Brief, we share a summary of the insightful and lively conversation, including: 

  • How a La Niña is likely to influence weather events and which areas might be affected;
  • Insurance lessons learnt from previous La Niña events; and 
  • How organisations can prepare for adverse weather events associated with a La Niña before it’s too late. 

To download the complete Brief, please fill out the form.

1. Insurance News, ‘Shift towards flood-inducing La Nina continues’, 15 September, 2020

These materials are not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained in the materials is based on sources we believe reliable but we make no representation or warranty to its accuracy. 

Any modelling, analytics or projections are subject to inherent uncertainty, and may be materially affected if any underlying assumptions, conditions, information or factors are inaccurate or incomplete or should change. Except as may be set out in an agreement between you and Marsh, Marsh is not required to update the information and shall have no liability to you or any other party arising out of the information. 

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.”