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Reinsurers Urge Better Preparation for Disasters

This opinion piece, written by Frank Nutter, the president of the Reinsurance Association of America, discusses how in this period of increasingly more frequent severe weather events, communities can be better prepared pre-event and more resilient post-event...
April 24, 2013

This opinion piece, written by Frank Nutter, the president of the Reinsurance Association of America, discusses how in this period of increasingly more frequent severe weather events, communities can be better prepared pre-event and more resilient post-event. He lays out a series of measures that communities should undertake, such as assessing the resiliency of their public and private infrastructure and implementing stricter building codes. He notes that the Institute for Business and Home Safety evaluates building codes and their enforcement.

Nutter also lays out steps he believes the federal government should take, including incorporating extreme weather and climate risk into decisions about building and development and into federal programs such as the Federal Crop Insurance Program and the National Flood Insurance Program. He also says that federal agencies such as NOAA and NASA should be well funded for their weather and climate research as both the private and public sectors are dependent on their risk assessment and data. Read the full article here.

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