NY State regulators are requiring insurance companies to file copies of their disaster and business continuity plans with the Department of Financial Services. (Photo: ALM/J. Disney)

New York state is getting serious about disaster planning, and it’s requiring insurance companies to demonstrate their commitment as well. On March 29, Department of Financial Services (DFS) Superintendent Maria T. Vullo announced that all insurance companies licensed to conduct business in New York state must submit updated disaster response and recovery plans and responses to online questionnaires to DFS by June 16, 2017.

Property & casualty companies are also being directed to file responses to the Pre-Disaster Data Survey by April 28, 2017.

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