WASHINGTON–Lack of planning for a terrorism attack could have a cascade effect on the entire U.S. economy, a Homeland Security official told risk managers and insurers earlier this week.
That makes prompt restoration of industrial production and service facilities in the event of a terrorist attack important for the entire country, the official explained, because Just-in-Time policies have removed much redundancy from the economy.
The implication, said Jim Caverly, director of the Infrastructure Partnerships Division at the Homeland Security Department, is that a strong public/private partnership is critical to appropriate handling of a terrorism incident.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
