An Executive View - The State of Insurance and Natural Disasters
Sunday,June 05, 2022:11:30 AM -12:30 PM
/ CEU Credits:1
In 2021, there were 20 natural disasters that each resulted in losses of at least $1 billion in the U.S., according to NOAA. CoreLogic estimates that one in 10 homes were affected totaling nearly $57 billion in property damage. The standard home insurance policy typically covers most natural disasters, except flooding which is typically a separate, stand-alone policy issued by the National Flood Insurance Program or a few private carriers. Many states also have established an insurer of last resort to cover other natural disasters when homeowners are not able to obtain coverage through the voluntary market. In this course, you will learn more about the state of insurance and natural disasters in the U.S. with a special emphasis on flood and wildfire risk. You will also receive an update on federal efforts to address these and other climate risks through insurance, mapping and the mitigation of risk.
1. Learning Objective 1:
Identify the state of insurance with respect to natural disasters across the U.S.
2. Learning Objective 2:
Identify federal- and state-backed insurers including the National Flood Insurance Program
3. Learning Objective 3:
Recognize latest, inside-the-beltway scoop on federal efforts to assess and mitigate natural disaster risks
4. Target Audience:
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