Washington–The insurance industry is prepared to resume critical operations promptly following a terrorist attack, but state insurance regulators should work to ensure that systems are in place to deal with such a disruption, the Government Accountability Office said today.
In a report, the GAO recommended that state regulators, working through the National Association of Insurance Commissioners and appropriate state officials, ensure capabilities are put in place for recovering critical functions following a disruption.
The report was sought by Rep. Mike Oxley, R-Ohio, chairman of the House Financial Services Committee. It was sent to Rep. Oxley Nov. 18 but released a month later, in line with GAO policy.
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