Please enter the text in the same order as shown in the Image below
Take Courses
Get Certified
Attend Events
Explore Resources

DRI International Accessibility Statement

DRI International is committed to ensuring that individuals with disabilities can access the content offered through our website,

If you are having trouble accessing, you can email for assistance. Please put "ADA Inquiry" in the subject line of your email and we will assist you.

Finance Execs Admit to Underpreparing for 2017 Hurricanes

January 26, 2018 Leave a comment DRI Admin

Financial corporations with operations in Texas, Florida, and Puerto Rico learned some harsh lessons in the wake of the 2017 hurricane season, as many executives had to admit that they were underprepared to deal with the devastating effects.

In a recent survey of companies with more than $1 billion USD in revenue 64% said the hurricane season had an adverse impact on their operations. Of those affected, 62% said they were “not completely prepared” to deal with the effects of the hurricanes.

Why the lack of prep? One researcher pointed to confusion over imprecise terminology – for instance, phrases like “100 year flood” do not mean you have 99 years to plan. The survey also pointed to over-reliance on insurance and denial of potential risk.

The good news: a harsh lesson has been learned, as nearly 7 in 10 (68%) expect to make changes to their risk management strategies in the future. Among the plans:

  • 57% will enhance their business continuity/disaster recovery plans
  • 40% will invest more in risk management, loss prevention, and supply chain strategies, and
  • 25% will reassess their insurance coverages.

1115 Broadway
12th Floor
New York, NY 10010

London Office
Tallis House
2 Tallis Street
London, EC4Y 0AB

©2021 DRI International, Inc. All Rights Reserved.