This week marks the opening of both hurricane and wildfire season which means that you can not only wear white pants without social ridicule but should probably take a moment to review your disaster contingency plan no matter where you live. While last year was horrible regarding natural disasters, this year is predicted to be worse. This year expect to see more hurricanes, tornados, fires, earthquakes, flooding, plagues, volcanic activity and more of the Kardashians.
Tag: Disaster Planning
While there are not too many good things about Hurricane Harvey and Irma, one silver lining is that the disasters have opened our eyes to how banks can be more valuable to their customers. In retrospect, we should have done a better job at helping our customers prepare and be doing a better job post-disaster to help both retail and commercial customers manage their claims.
A confluence of events recently has come together that has given us a master’s level course in bank disaster management and continuity planning. We observed a forty team law enforcement special weapons and tactics (SWAT) competition, was able to debrief several Texas banks after Hurricane Harvey and was at ground zero for Hurricane Irma. Banks are great at contingency planning in general with Florida and Texas banks usually among of the best.