Category: Disaster Resilience

Calif. Risk/Regulatory Environment Highlights Role of Risk-Based Pricing

Calif. Risk/Regulatory Environment Highlights Role of Risk-Based Pricing Even as California moves to address regulatory obstacles to fair, actuarially sound insurance underwriting and pricing, the state’s risk profile continues to evolve in ways that underscore the importance of risk-based insurance pricing and investment in mitigation and resilience. Triple-I’s latest “State of the Risk” Issues Brief […]

Insurers Engageas Climate Perils Drive Up Costs

Insurers Engageas Climate Perils Drive Up Costs By Max Dorfman, Research Writer, Triple-I 2023 was another year with high-risk climate and weather-related challenges, with 2024 positioned to pose its own challenges. Indeed, 2023 was the warmest year for the globe since 1850 — when these records were first made. The temperature in 2023 was over […]

FEMA Reauthorization Session Highlights Importance of Risk Transfer and Reduction

FEMA Reauthorization Session Highlights Importance of Risk Transfer and Reduction If there was a recurring theme in last week’s Senate Banking Committee hearing on reauthorization of FEMA’s National Flood Insurance Program (NFIP), it was the need for: Congress to reauthorize NFIP, and Communities, businesses, and government at all levels to invest in mitigating flood risk […]

FEMA Highlights Roleof Modern Roofsin PreventingHurricane Damage

FEMA Highlights Roleof Modern Roofsin PreventingHurricane Damage By Max Dorfman, Research Writer, Triple-I Homes with more modern roofs were able to avoid significant damage from Hurricane Ian, compared with those with older roofs, according to a recent study by the Federal Emergency Management Agency (FEMA). Of the 200 homes surveyed, 90 percent with roofs installed […]

Federal “Reinsurance” Proposal Raises Red Flags

Federal “Reinsurance” Proposal Raises Red Flags By Sean Kevelighan, Triple-I CEO Legislation proposed by U.S. Rep. Adam Schiff (D-Calif.) to create a federal “catastrophe reinsurance program” raises several concerns that warrant scrutiny and discussion – starting with the question: Does what’s being proposed even qualify as insurance? If enacted into law, the bill would establish […]

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