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!

"Florida needs action on flood insurance reforms", by Steve Ellis, Florida Sun-Sentinel – May 15, 2018
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"Puerto Rico Nervously Prepares for Hurricane Season: 'What if Another One Comes?'", by Patricia Mazzei, New York Times - May 14, 2018
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"Maps provide new insight into the level of destruction caused by Hurricane Harvey", by Fernando Alfonso III, Houston Chronicle – May 11, 2018
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"We don't know what climate change will cost - that doesn't mean we can ignore it", by Opinion Contributors, Robert S. Pindyck and James H. Stock, The Hill – May 11, 2018
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"Powerful Hurricanes Intensify Faster Now Than 30 Years Ago in Parts of the Atlantic Basin, Study Finds", by Brian Donegan, Weather.com – May 9, 2018
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"Some coral reefs keep up with sea-level rise, research finds", by Florida Institute of Technology, Phys.org – May 9, 2018
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"Acknowledging sea level rise, Connecticut legislature passes sweeping climate change bill", by E. A. Crunden, Think Progress – May 9, 2018
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"When it comes to flood-insurance, Florida is not getting its bang for the buck. We need a national disaster fund.", The Editorial Board, Miami Herald – May 7, 2018
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"Aging flood-control systems can't protect South Florida from sea-level rise", Editorial, Miami Herald – May 6, 2018
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"With Flood Risk Rising, Coastal Real Estate Looks a Lot Like a Junk Bond:", Viewpoint by Noah Smith, Insurance Journal – May 4, 2018
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"America's Last-Ditch Climate Strategy of Retreat Isn't Going So Well", by Christopher Flavelle, Bloomberg – May 2, 2018
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"Warren, Sanders want climate change considered in selection of homeland security adviser", by John Bowden, The Hill – May 1, 2018
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"Fear floods no more with better mapping tech that shows true risk", by Alicja Grzadowska, Insurance Business – May 1, 2018
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"Can Puerto Rico Recover From Maria Before the Next Storm Hits?", by Vann R. Newkirk II, The Atlantic - April 26, 2018
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"The military paid for a study on sea level rise. The results were scary.", by Chris Mooney and Brady Dennis, Washington Post – April 25, 2018
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"Thousands of low-lying islands may become 'uninhabitable' within decades as seas rise", by Doyle Rice, USA Today- April 25, 2018
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"We need to bridge the flood insurance 'coverage gap'", Opinion Contributor, Sean M. Kevelighan, The Hill – April 24, 2018
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"Flood coverage examined following catastrophe claims", by Matthew Lerner, Business Insurance – April 24, 2018
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"Markets Not Getting Better at Insuring Disasters: Viewpoint", by Nathaniel Bullard, Insurance Journal - April 24, 2018
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"Sea level rise could bring daily flooding to parts of Louisiana's coast, scientists say", by Sara Sneath, The Times-Picayune - April 24, 2018
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"Why Coastal Living Is Becoming Affordable for Only the Rich", by Christopher Flavelle, Insurance Journal – April 24, 2018
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"The trillion-dollar coastal property bubble is ready to burst, per new study", by Joe Romm, ThinkProgress – April 23, 2018
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"Rising Sea Levels Reshape Miami's Housing Market", by Laura Kusisto and Arian Campo-Flores, Wall Street Journal – April 20, 2018
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"2017's disaster events show shifting risk landscape, says Chubb's Greenberg", by Matt Sheehan, Reinsurance News – April 19, 2018
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"How Puerto Rico became the worst grid disaster", by David Ferris, E&E News – April 19, 2018
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" Historic Floods, Landslides Devastate The Hawaiian Island Of Kauai", by Carla Herreria, Huffington Post – April 19, 2018
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" Most Hurricane Harvey deaths occurred outside flood risk zones", by Chrissy Sexton, Earth.com – April 19, 2018
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"She wants to put her house on stilts. The idea could save Miami's flood-prone homes.", by Alex Harris, Miami Herald – April 18, 2018
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" Climate Lawsuits, Once Limited to the Coasts, Jump Inland", by John Schwartz, New York Times – April 18, 2018
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"Study finds flood insurance affordability an issue for poor in Louisiana and nationally", by Caroline Grueskin, The Advocate – April 17, 2018
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" FEMA wants Congress to make flood insurance more affordable", by Kyla Mandel, Think Progress – April 17, 2018
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"Congress takes up legislation to improve urban flood maps", by Kevin Diaz, Houston Chronicle – April 18, 2018
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"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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