Our 12th Leadership Forum

Improving Natural Catastrophe Resiliency:
Insurance vs Intervention

Approximately 100 industry experts, policymakers and senior leaders from the insurance and reinsurance industries gathered at Lloyd's of London late last year for a timely discussion on natural catastrophe resiliency. As the full impact of the devastating 2017 hurricane season became clear, the role of governments in the provision of insurance pools and regulation more generally re-emerged as a critical topic for the industry to consider, as did the role insurance providers play in improving natural catastrophe resiliency. Click here to learn more about this forum.

Leadership Forum Speakers, pictured left to right: John M. Huff, Former Director of the Missouri Department of Insurance, Financial Institutions and Professional Registration and Immediate Past President of the National Association of Insurance Commissioners (NAIC); Kevin O'Donnell, President and CEO, RenaissanceRe; Aidan Kerr, Director of Operations, Flood Re and Stephen Weinstein, Chairman, RenaissanceRe Risk Sciences Foundation.

Milliman White Paper examines private flood insurance in New Jersey and New York. Click here to read how the expansion of private flood insurance inside and outside high-risk areas could lead to lower premiums and a far greater number of homes being insured for flood.

"Miami street could be blueprint for handling sea level rise", by Alex Harris and Joey Flechas, Miami Herald – August 9, 2018
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"Why hurricane-resistant homes aren't constructed, bought more frequently", by Ashley Williams, AccuWeather – August 9, 2018
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" Flood Thy Neighbor: Who Stays Dry and Who Decides?", by Lisa Song and Al Shaw, ProPublica and Patrick Michels from Reveal from the Center for Investigative Reporting, ProPublica – August 6, 2018
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"The impacts and costs of flooding", Opinion Editorial by Craig Fugate, Washington Times – August 5, 2018
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"Congress could have reformed flood insurance - but let the opportunity float away", The Editorial Board, The Washington Post – August 3, 2018
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"Atlantic Hurricane Season Had Early Start, but Fewer Storms Are Expected", by Brian K. Sullivan, Insurance Journal – August 3, 2018
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"Potential for private markets to provide long-term U.S flood relief: A.M. Best", by Charlie Wood, Reinsurance News – August 2, 2018
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"The Cost of Flood Insurance Is a Price Worth Paying", by Samantha Montano and Amanda Savitt, City Lab – August 1, 2018
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"Commentary: How Florida's Flood Insurance Model Could Work Nationwide", by Lisa Miller, Insurance Journal – August 1, 2018
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"83% of US homeowners unprepared for natural disaster - Esurance study", by Bethan Moorcraft, Insurance Business – August 1, 2018
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"Congress extends flood insurance program through hurricane season", by Kara Carlson, Reuters – July 31, 2018
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"Federal flood program revamp remains elusive", by Gloria Gonzalez, Business Insurance – July 31, 2018
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"Over 90% of NJ and NY Homes Could Have Cheaper Premiums with Private Flood Insurance – Report", by Lyle Adriano, Insurance Business – July 25, 2018
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"Hurricane Disaster Relief Should Be Data Driven", by Bill Pastro, Opinion Contributor, The Hill – July 24, 2018
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"As Hurricane Season Arrives, U.S. Homeowners Haven't Fixed Their Big Underinsurance Problem", by Nicole Friedman and Leslie Scism, Wall Street Journal – July 18, 2018
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"Flooding is the most common natural disaster across the nation - insurance is making it worse", by Colin O'Mara, Opinion Contributor, The Hill – July 18, 2018
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"These N.J. properties flood over and over again, costing taxpayers like you millions", by Carla Astudillo, NJ.com – July 17, 2018
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"Rising Seas Could Cause Problems For Internet Infrastructure", by Rebecca Hersher, NPR – July 16, 2018
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"FEMA taps capital markets for flood reinsurance for first time", by Luke Gallin, Reinsurance News – July 16, 2018
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"Is a Massive Tunnel System the Answer to Houston's Flood Woes?", by Natalia Alamdari, The Texas Tribune, republished in Insurance Journal – July 12, 2018
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"We can't control where storms hit, but we can harness nature to better protect us", by Collin O'Mara and Scott Carmilani, Opinion Contributors, The Hill – July 12, 2018
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Congress Let NFIP Off Hook for $16B Debt, Despite Less Than $10B in Claims", by R.J. Lehmann, Insurance Journal – July 9, 2018
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"Rising to the challenge", by Amy Green, Florida Center for Investigative Journalism, Florida Times-Union – July 8, 2018
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"More Than $5B Headed to Texas for Flood Control Projects", by Kiah Collier, Texas Tribune, republished in Insurance Journal – July 8, 2018
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"Coastal Texas Town Still Recovering 10 Months After Hurricane Harvey", by Ryan Faircloth, Austin-American Statesman, reprinted in Claims Journal – July 5, 2018
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"The Reality of Climate Gentrification", by Richard Florida, City Lab – July 5, 2018
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"Flood insurance problem ignored for decades", by Mark Collette, Houston Chronicle – July 5, 2018
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"Flood Games: How manipulation of flood insurance leads to repeat disasters", by Mark Collette, Houston Chronicle – July 3, 2018
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"How flood insurance could 'destroy' Miami", by Lyle Adriano, Insurance Business – July 3, 2018
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"Flood insurance premiums may sink South Florida before the rising sea", Editorial, Miami Herald – July 1, 2018
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"Editorial: Region must prepare now for higher flood insurance rates", Palm Beach Post - July 1, 2018
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"Rising Seas Raising Concern in Low-Lying Massachusetts Coastal District", by Philip Marcelo, Claims Journal – June 8, 2018
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"NOAA Expects Sea Level Rise to Produce Record Coastal Flooding This Year", by Don Jergler, Insurance Journal – June 7, 2018
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"Zurich: "Building back better" can mitigate weather-related losses", by Lyle Adriano, Insurance Business Magazine – June 7, 2018
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"New York, Boston Set Coastal Flood Records as Storms Fuel Tides", by Brian K. Sullivan, Bloomberg – June 7, 2018
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"Texas Agency Wants to Know: How Much Damage Remains from Harvey", by Brandon Formby, Insurance Journal – June 7, 2018
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"Tropical Cyclones Are Moving Slower, And That's Not Good News", by Brian Donegan, The Weather Channel – June 7, 2018
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"Extreme weather events: How hard lessons strengthen resilience against the next big event", Zurich – June 6, 2018
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"Hurricane Harvey flooding exposes widespread underinsurance: Lloyd's", by Matt Sheehan, Reinsurance – June 6, 2018
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"Maryland needs action on flood insurance reforms", Opinion Editorial, by Steve Ellis, The Baltimore Post – June 5, 2018
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"Houston Still Rebuilding From Last Year's Floods as 2018 Hurricane Season Arrives", by Liz Hampton and Ernest Scheyder, Insurance Journal – June 4, 2018
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"Why chronic floods are coming to New Jersey", by Carlos Waters, Vox – June 4, 2018
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"Sea level rise is pushing coastal property owners to move to higher ground", by Terry L. Anderson, CNN – June 3, 2018
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"To prepare for hurricane season, learn about flood insurance", Opinion Editorial, By Sean M. Kevelighan, Houston Chronicle – June 1, 2018
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"America is good at dealing with hurricanes on the mainland-after they strike", the Data Team, The Economist – June 1, 2018
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