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Business Continuity Plans for Disaster Response

By: Alonso, Felipe; Boucher, John | The CPA Journal, November 2001 | Article details

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Business Continuity Plans for Disaster Response


Alonso, Felipe, Boucher, John, The CPA Journal


The devastating human and fiscal effects of the September 11 World Trade Center disaster extend far beyond New York City's financial district:

* The airline industry-crippled by a temporary shutdown of U.S. airspace, heightened security, and plunging ticket sales-is suffering significant losses.

* The insurance industry may be facing the largest loss in its history, topping even Hurricane Andrew, which in 1992 cost the industry almost $20 billion.

Continuity Strategy

The events of September 11 have forced CEOs to revisit their preparations for business continuity: the measures an organization takes to operate as normally as possible after a natural or …

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