Banks Assessing Catastrophe Risks See Holes That Insurance Could Fill
Publication Date: March 27, 2006
Advisen -- Property
Source: Bestwire Service
"OLDWICK, N.J. (BestWire) - Last year's natural disasters exposed huge gaps in the business-continuity and disaster-recovery plans of some of the nation's financial institutions, particularly in the community banking sector, where risk managers found in the aftermath of Hurricane Katrina that business-interruption and extra-expense costs were grossly underestimated..."
Advisen -- Property
Source: Bestwire Service
"OLDWICK, N.J. (BestWire) - Last year's natural disasters exposed huge gaps in the business-continuity and disaster-recovery plans of some of the nation's financial institutions, particularly in the community banking sector, where risk managers found in the aftermath of Hurricane Katrina that business-interruption and extra-expense costs were grossly underestimated..."
posted by AVRECO at 9:05 AM
<< Home