Y2K: The countdown continues
Y2K: The countdown continues
If you think you’ve heard enough about the millennium bug, consider these findings from a recent survey by Weiss Ratings in Palm Beach Gardens, FL:
• 253 of 984 (25.7%) insurance companies surveyed about year 2000 (Y2K) preparedness report inadequate progress.
• Of those, 118 (12%) were assigned a Y2K grade of "below average," and 135 (13.7%) received a grade of "low."
• Only 8.3% received a "high" grade.
• The remaining 66% rated "average."
The survey asked 13 questions about each company’s time line for completing Y2K remediation plans and critical tasks using national standards set in September 1998 by the insurance industry. This special report will help you complete your own Y2K countdown.
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