Category: Disaster Resilience

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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