Insurance and Emergency Preparedness: The 9/11 Commission Recommendations (CRS Report for Congress)
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| Release Date |
Oct. 25, 2004 |
| Report Number |
RL32646 |
| Report Type |
Report |
| Authors |
Rawle O. King, Government and Finance Division |
| Source Agency |
Congressional Research Service |
Summary:
Realizing that unpredictable disruption and downtime in the private sector could affect the U.S. economy, possibly with billions of dollars in lost or interrupted operations, the National Commission on Terrorist Attacks Upon the United States (9/11 Commission) recommended that the NFPA 1600 Standard on Disaster/Emergency Management and Business Continuity Programs, developed by the National Fire Protection Association and endorsed by American National Standards Institute (ANSI), serve as the national preparedness standard for all organizations, including governments and businesses. The NFPA 1600 Standard defines how the private sector should prepare for a catastrophe and continue or recover its critical functions in the event of a disruption or major disaster. The 9/11 Commissions final report, dated July 22, 2004, also urged the Department of Homeland Security (DHS) to promote private sector adoption of NFPA 1600 and to encourage the insurance and credit-rating industries to consider a companys compliance with this standard when assessing insurability and creditworthiness.
