12th Leadership Forum a Success!

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 on November 29 for a timely discussion on natural catastrophe resiliency. As the full impact of the devastating 2017 hurricane season has become clear, the role of governments in the provision of insurance pools and regulation more generally has re-emerged as a critical topic for the industry to consider, as has the role insurance providers play in improving natural catastrophe resiliency, both as it relates to the impact of risk-based insurance rates on consumer decisions and the ways in which mitigation saves lives and helps communities confront natural disasters.  Click here to learn more about this forum.

Leadership Forum Speakers, pictured left to right, are 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.

The National Institute of Building Sciences Issues a New Report on the Value of Mitigation

Mitigation funding can save the nation $6 in future disaster costs, for every $1 spent on hazard mitigation.
Click [here] to read the report!

"HUD awards $28bn in disaster recovery funds", by Francis Monfort, Mortgage Professional America – April 12, 2018
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"Gigantic Water Tunnels Won't Save Houston From the Next Harvey", by Eric Holthaus, CityLab – April 11, 2018
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"Generating savings from our most cost-effective coastal defenses", Opinion Editorial by Michael Beck and Robert Bendick, The Hill – April 11, 2018
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"Texas Developers' Use of Fill for Flood Resilience Scrutinized Post-Harvey", Insurance Journal – April 11, 2018
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"FEMA moves to bypass congress with private insurance", by Lyle Adriano, Insurance Business – April 9, 2018
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"FEMA Chief Says Puerto Rico Needs $50 Billion to Rebuild", by Danica Coto, Insurance Journal – April 9, 2018
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"Development tactic questioned in post-Harvey era", by Mike Snyder and Nancy Sarnoff, Houston Chronicle – April 7, 2018
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"With flood insurance overhaul stalled in Congress, FEMA moves to tweak program on its own", by Bryn Stole, The Advocate – April 6, 2018
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"Research Reveals Coastal Housing Recovery Gaps After Disasters", Claims Journal – April 6, 2018
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" FEMA to Issue First Catastrophe Bond for Flood Insurance Program", by Andrew G. Simpson, Insurance Journal – April 5, 2018
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"Louisiana to get $1.2 billion in federal flood-control funds; these long-stalled projects could benefit", by Bryn Stole, The Advocate – April 5, 2018
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"Scientists say the Mississippi is flooding more than it has in 500 years - and we caused it", by Chris Mooney, Washington Post – April 4, 2018
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"Hurricanes Have Minor Effect as April Reinsurance Prices Stay Flat But Demand Grows", Insurance Journal – April 4, 2018
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"Federal Flood Insurance Average Premium to Rise 8%", Insurance Journal – April 2, 2018
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"An alarming 10 percent of Antarctica's coastal glaciers are now in retreat, scientists find", by Chris Mooney, Washington Post – April 2, 2018
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"Brutal Choice in Houston: Sell Home at a Loss or Face New Floods", by Audra D.S. Burch, New York Times – March 30, 2018
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"A half degree more global warming could flood out 5 million more people", by Liz Fuller-Wright, Phys.org – March 9, 2018
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"More of the Bay Area Could Be Underwater in 2100 than Previously Expected", by Troy Griggs, New York Times – March 7, 2018
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"Mexican coral reef and beach get unique insurance policy against hurricane damage", by Sophie Hares, Reuters – March 8, 2018
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"FEMA wants you to look at your driver's license: "If it says Florida, you need flood insurance'", by Zoe Schlanger, Quartz – March 7, 2018
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"Despite Upgrades, Thousands of Houston Homes Still at Risk for Flooding", Insurance Journal – March 7, 2018
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"The Floods Are Coming. What More Will Investors Be Told?", Op-Ed by Tom Mounteer, Bloomberg – March 7, 2018
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"California OKs New Private Flood Insurance Product", Insurance Journal – March 6, 2018
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"Senate must stop ignoring the National Flood Insurance Program", by John Huff, Washington Examiner – March 5, 2018
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