Insurers Tackle Y2K Compliance

National Underwriter Property & Casualty-Risk & Benefits Management, June, 1998 by LONKEVICH, DAN

Insurers aren't exactly known for being quick to move into new technologies, but when it comes to making their technology Year 2000 compliant they are downright speedy, according to several consultants and leading executives. The impressiveness of insurers' response to the Y2K problem is underscored by the results of a recent survey of chief financial officers of companies from across many industries that suggested that half are relatively "blase" about the millennium glitch.

The survey of 1,400 CFOs by RHI Management Resources, a Menlo Park, Calif.-based division of Robert Half International Inc., found that only 17 percent of respondents were very concerned about their companies' Y2K compliance problem. Another 34 percent were somewhat concerned, but the rest...

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