Some recent inquiries from our readership have indirectly questioned the level of support for PS-Prep from the insurance industry. And, to perhaps, offer a position on the Department of Homeland Security’s (DHS) PS-Prep program by the insurance industry, we would like to refer our readers to a recent posting written by Joe Stavish, entitled, “RIMS Gives Thumbs-Up to Government Standards on Preparedness”, and posted on the willis.com website.
This posting basically states that the Risk and Insurance Management Society Inc. (RIMS) praised the Department of Homeland Security (DHS) for its recent adoption of private sector emergency preparedness standards.
Further, Carol Fox, chair of RIMS’s Standards and Practices Committee, is quoted in this article as saying, “RIMS believes very strongly that business continuity and emergency preparedness are a critical component of any organization’s enterprise risk management plan, and, we believe that the standards adopted by DHS allow organizations necessary flexibility in adopting a standard that meets their specific business objectives and budgets.”
In addition, RIMS states that “…a sound business continuity and emergency preparedness plan significantly enhances an organization’s ability to absorb and mitigate the effects of an unexpected event or disaster”.
Many of our readers know that this website strongly supports RIMS’s position ais stated in this article. And, certainly, in the earlier stages of development in the PS-Prep program, many concerns were voiced over these issues by representatives of the insurance issue. Hopefully, this article truly now represents the insurance industry’s position on PS-Prep. However, if any of our readers knows of a different or even negative position now present within the insurance industry, we encourage them to please share that information with our readership by posting a comment to this posting.
If applicable, please bring this information to the attention of your PS-Prep, emergency preparedness and risk management team leaders in your organization.
CLICK HERE to read the full posting by Joe Stavish.