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This document details three critical steps for commercial real estate (CRE) lenders to mitigate hurricane risks in their lending portfolios, using insights from Hurricane Milton. It discusses anticipating a hurricane\'s impact, measuring damage post-event, and managing risks strategically for the future. The analysis provides information on the implications of extreme weather events on lending portfolios, insurance coverage, and the responsibilities of lenders to monitor and support affected...
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Identify the risks associated with the situation.
02
Develop and implement strategies to mitigate those identified risks.
03
Monitor the effectiveness of the mitigation strategies and make adjustments as necessary.

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Individuals looking to minimize personal or professional risks.
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The three steps to mitigate typically involve identifying risks, implementing strategies to reduce those risks, and monitoring the effectiveness of the strategies implemented.
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To fill out the three steps to mitigate, one should provide clear documentation of the identified risks, describe the mitigation strategies being implemented, and outline the monitoring processes to evaluate risk management effectiveness.
The purpose of the three steps to mitigate is to ensure that risks are effectively identified and managed in order to minimize potential negative impacts on the organization.
Reported information typically includes a description of identified risks, mitigation strategies, responsible parties, timelines for implementation, and ongoing monitoring plans.
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