Property Insurance Roundtable
Disaster Recovery Planning
According to the Insurance Information Institute, insured losses due to natural disasters in the U.S. totaled $16.1 billion in 2015 and $15.3 billion in 2014. Some of the most expensive disasters to hit the U.S. included Hurricane Katrina in 2005, the World Trade Center terrorist attacks in 2001, Hurricane Andrew in 1992, Hurricane Sandy in 2012 and the Northridge California Earthquake in 1994.
How can businesses prepare to weather these types of events and the cost associated with them? The chances of a full and expedient recovery are greatly improved when a comprehensive disaster recovery plan is in place.
This discussion explores how and why those organizations that anticipate what could happen, and plan for it, stand a much better chance of surviving. Our experts review the basics, disaster recovery planning, coupled with interesting facts and statistics about the impact of natural and man-made disasters.
- [02:20] Is it true that natural disasters are happening more frequently or are we just paying more attention to the property damage costs associated with these disasters?
- [04:33] According to the Insurance Institute for Business and Home Safety, many businesses aren’t prepared to respond to a man-made or natural disaster. Does this statement surprise you?
- [06:15] Are there differences between business continuity plans, continuity of operations plans and disaster recovery plans?
- [07:42] How can a business test their level of disaster preparedness?
- [13:47] What are the main steps in the disaster recovery plan development process?
- [15:24] When developing a disaster recovery plan, why doesn’t a one-size-fits-all approach work for every organization?
- [18:31] What types of challenges can a planning team run into when developing their disaster recovery strategy?
- [20:32] If an organization has no disaster preparedness plan in place, why is establishing their team the most important aspect?
- [26:42] What goals should be met during the first disaster preparedness planning step?
- [29:52] In the Adjusting Today publication the second step in the planning process is to analyze capabilities and hazards, how should the planning team conduct this analysis?
- [33:23] Did 9/11 spawn the need to include terrorist attacks in disaster planning?
- [34:07] Step 3 in the process is establishing the plan.
- [37:35] Post-disaster considerations that an organization’s disaster preparedness team should discuss.
- [45:02] What role should technology play in an organization’s disaster plan development and recovery efforts?
- [46:15] Once a plan has been completed and approved how should an organization implement it?
- [52:34] What is on the horizon for disaster recovery planning?
- [55:56] Examples of organization’s putting together great plans to effectively see them through a disaster.
Daniel has extensive experience in the disaster consulting and post-disaster recovery industries. Prior to joining the Adjusters International team, Dan served as the President and CEO of Tidal Basin Group. He worked tirelessly with state and local governments and not-for-profits, helping them meet their recovery needs by providing experienced disaster recovery staff and proven grant management processes.
Dan also served as Director of the Recovery Division for the Federal Emergency Management Agency, part of the United States Department of Homeland Security. He was appointed by President Bush in 2003 and was responsible for overseeing the Federal Government’s recovery efforts on all presidentially-declared events including the Space Shuttle Columbia crash, the wildfires of 2003 and the hurricanes of 2004 and 2005.
Before becoming the Director of the Recovery Division at FEMA, Dan was the Regional Director for the New England area (Region I), where he was responsible for all FEMA mitigation, preparedness, response and recovery, and training activities in the six New England state region. He was also Executive Director of the Eastern Regional Office at the United States Chamber of Commerce and a Legislative Representative and Grassroots Specialist for the National Rural Electric Cooperative Association. There he handled issues of federal emergencies, transportation, technology, privacy, and energy.
Earlier in his career, Dan worked as a campaign advisor, political fundraiser and research analyst for Congressional candidates, including Rep. Steve Buyer of Indiana, Rep. Vito Fossella of New York and Governor Bob Riley of Alabama.
- Recipient of the Chairman’s Award for Leadership – May 2003
Dan has been featured as an expert panelist on Adjusters International’s Property Insurance Roundtable podcast in the episode titled, “Disaster Recovery Planning.”
John Marini has extensive disaster recovery experience and knowledge of public adjusting and the FEMA Public Assistance Program. He specializes in assisting public entities with their financial recovery through the integration of insurance claims with FEMA grant funding.
Marini has established a team of more than 140 experts who assist applicants and grantees with their post-disaster FEMA grant management and insurance recovery. He is closely involved in the management of Adjusters International’s Catastrophe Operations, assisting FEMA Public Assistance applicants and grantees with recoveries from Hurricane Andrew in 1992, hurricanes Katrina/Rita/Wilma in 2005, hurricanes Gustav and Ike and the Midwest Floods in 2008, as well as many other cases.
Michael J. Roberts is a Senior with Ernst & Young (EY) in the Fraud Investigation & Dispute Services (FIDS) Division of Assurance Services. Previously, he was Director of the Preparedness Division for Tidal Basin Groupand Adjusters International and is a certified Project Management Professional (PMP). He began working in emergency management in 2007 during his graduate studies at Louisiana State University. Since then, he has been involved in multiple emergency management related projects across the U.S. including continuity/emergency planning, exercises, and disaster recovery.
Todd Thomas is the Vice President at Adjusters International. He is also the Chief Consultant and Partner of Adjusters International’s affiliate Sigma Consulting Corp. He has worked in the Management Consulting industry for 23 years. Currently, he works with Adjusters International’s strategic partners to offer the highest quality Risk Management and Disaster Recovery consulting services possible. Thomas has worked in a management capacity on high-profile FEMA, insurance and construction projects since 1996. Thomas regularly serves as an expert witness and Special Master to courts in the area of finance & insurance.
Thomas’ experience assisting public entities, non-profits and other organizations with risk management and insurance includes but is not limited to broker selection, insurance marketing, total cost of risk, risk identification, risk allocation, underwriting, claims, financial risk management, FEMA obtain & maintain compliance, risk analysis, risk management information systems and enterprise risk management.
He is a Fellow of the American Academy of Financial Management (FAAFM), Member of the American Economic Association, Member of the Association of Certified Chartered Economists, a Fellow of the Risk and Insurance Management Society, Member of the Global Risk and Insurance Management Institute, Caribbean Actuarial Association and Member of the Institute and Faculty of Actuaries. Todd is a Chartered Economist (ChE), Certified Risk Analyst (CRA), Certified Organizational Risk Manager (CORM), RIMS Fellow (RF), Fellow of Risk Management (FRM), Chartered Property & Casualty Underwriter (CPCU), Associate in Risk Management specializing in Public Entities (ARM-P), Master Project Manager (MPM), Accredited Financial Analysis (AFA), Accredited Management Accountant (AMA) and Workers Compensation Claims Law Specialist (WCLS).
Marjorie Musick is a writer and marketing/public relations professional who specializes in creating and promoting unique content related to property & casualty insurance topics. Marjorie has helped to manage the firm’s website, social media, email and search engine marketing initiatives. In her current role as Marketing & Public Relations Manager, she assists with the development and execution of marketing communications strategies across multiple digital and traditional channels. Marjorie’s goals are to help simplify the property insurance claims process for policyholders and to raise brand awareness among the insurance and disaster recovery communities. Before joining the AI team, she worked as a writer for Insure.com and as the Director of Communications and Events for the National Association of Public Insurance Adjusters (NAPIA). Marjorie is a graduate of Boston University’s College of Communication and holds memberships to the Public Relations Society of America, the Society of American Business Editors and Writers and the Boston University Alumni Association.
For further information on this topic, please read our Adjusting Today article: “Disaster Recovery Planning: Preparation is the Key to Surviving Disaster”