Crisis

{
  "id": "MLC-T-INS-001031",
  "term": "Crisis",
  "field": "Insurance and risk management",
  "definition": "An unstable or dangerous event or period that poses a severe threat to an organization's operations, reputation, or financial viability. It demands immediate and decisive action to mitigate potential harm and restore stability. Crises can stem from natural disasters, technological failures, human error, or malicious acts, requiring a coordinated response.",
  "url": "https://mlchart.com/terminology/insurance/crisis/"
}