Browsing: Disaster preparedness
Amid a record-setting wave of disaster losses in 2017 — including from Hurricanes Harvey, Irma and Maria, plus wildfires in the West — small businesses’ insurance gaps meant that credit availability was a key factor in their ability to recover, according to a report today from the Federal Reserve Banks of New York, Dallas, Richmond and San Francisco.
The commitment of our banks to the community and the fearless, unbreakable spirit of the people of Puerto Rico will make its road easier to travel.
Just as with natural disasters, man-made disasters like data breaches require preparation too.
In the wake of record-setting hurricane and wildfire seasons, the federal banking agencies today issued new guidance on how examiners will approach financial institutions affected by major natural disasters.
At ABA’s Annual Convention in Chicago today, the association unveiled a new video spotlighting how bankers pitched in and responded to the wave of devastating hurricanes that hit Texas, Florida and Puerto Rico this fall.
As Hurricane Irma threatens Puerto Rico, the U.S. Virgin Islands and Florida in the coming days — and possibly the southeastern Atlantic coast by the beginning of next week — ABA is offering banks and state bankers associations several resources to help with incident response and crisis communications.
Thanks to hard lessons from Hurricane Katrina, banks today are more resilient than ever.