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Lessons from Sandy: What Insurers Should Be Thinking About in Terms of Disaster Recovery

Insurance carriers affected by the Superstorm Sandy are trying to assess how to get their operations back online and running normally and once that is done they can look at how their disaster recovery and business continuity plans played out in the face of a difficult challenge.

By Robert Regis Hyle | Updated on October 31, 2012
Above is the scene on Father Capodanno Boulevard in Staten Island taken on Tuesday, Oct. 30. Photo by Mark Ruquet.

Insurance carriers affected by the Superstorm Sandy are trying to assess how to get their operations back online and running normally and once that is done they can look at how their disaster recovery and business continuity plans played out in the face of a difficult challenge.

Meanwhile, the rest of the insurance world needs to pull out their own disaster recovery plans and determine what a 50-year storm might do to their operations. As Rob McIsaac, a principal with Novarica points out, disaster recovery planning is critical and exercising the plan is something insurers need to do on a routine basis.

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