January 18, 2006

Hurricane Relief Oversight

Department of Homeland Security Inspector General, Hurricane Relief Oversight Roundtable.

Mission: "Since September 11, 2001, protecting our nation has been a paramount concern of the entire Federal establishment. The IG community plays a significant role in reviewing the performance of agency programs and operations that impact homeland security. To a large extent this has been accomplished through collaborative efforts between multiple IG offices.

"On June 7, 2005, the PCIE Vice-Chair established a PCIE Homeland Security Roundtable. The Roundtable supports the Inspector General community by sharing information; identifying best practices; and, participating on an ad hoc basis with various external organizations, and governmental entities."

Includes links to 90-day Report to Congress and a PCIE Compendium of OIG Hurricane Oversight in the Gulf States, with related press releases and links to information pages relating to Hurricane Katrina.
IGnet PCIE/ECIE Homeland Security Rountable


Posted by dougsimpson at 10:22 AM

January 09, 2006

Terrorism: GAO Reports on Insurance Industry Preparedness

The insurance industry can recover from a terrorist attack, although a large insurer may be disrupted, according to a recent GAO study of insurers, regulators and the NAIC. Impairment of a large insurer would not likely spread due to the limited interdependency between insurers and the absence of a central clearing function. The insurance industry differs from the securities industry in this way. Although insurers increasingly outsource certain business functions, regulators have not regularly audited such service functions, according to the GAO report.

GAO Report 06-85, November 18, 2005 (37 pages) GAO: Summary

Posted by dougsimpson at 01:25 PM