The Insurance Information Institute (Triple-I) today released the names of the panels and moderators for its first-ever Town Hall: Attacking the Risk Crisis on Thursday, Nov. 30, in Washington, D.C.
“Climate risk alone is a formidable adversary,” said Sean Kevelighan, CEO, Triple-I, noting insured losses related to natural disasters have increased tenfold since the 1980s. “Resource constraints, legal system abuse, economic pressures, and political intricacies further complicate matters.”
Triple-I has long been a participant in the climate-risk conversation. The Town Hall is part of the organization’s effort to turn this discussion into action, a role Triple-I played this year when contributing its insurance insights to the National Institute of Building Sciences’ (NIBS) Resilience Incentivization Roadmap 2.0 report.
To be held at The Mayflower Hotel, 1127 Connecticut Ave. NW, the Town Hall will start with a reception at 1 p.m. EST and conclude at 6 p.m. EST. The event’s three featured panels and their moderators are listed below, in order of appearance:
- Climate Risk Is Spiraling: What Can Be Done?—Moderated by David Wessel, senior fellow, Economic Studies, Brookings Institution, and director of the Hutchins Center on Fiscal and Monetary Policy, this panel will discuss the current state of climate risk.
- Innovation, High- and Low-Tech: How Insurers Are Driving Solutions—Jennifer Kyung, vice president and chief underwriter, USAA, and chairwoman of Triple-I’s Executive Leadership Committee, will moderate a panel discussion focusing on the tools, techniques, and strategies insurers are deploying to address these complex challenges.
- From Outdated Regs to Legal System Abuse: It Will Take Villages to Fix This—Zach Warmbrodt, financial services editor, Politico, will moderate a session examining the public policy considerations that need to be addressed to make insurance more affordable and available.
U.S. auto, home, and business insurers, as well as reinsurers, have a powerful interest in mitigating climate-related risk and promoting investment in resilience. These industries are uniquely qualified to address these perils, but traditional risk-transfer mechanisms alone are no longer sufficient. Collective responsibility and a multi-disciplinary approach are needed for predicting and preventing natural disaster-caused losses. It is one of the reasons the day’s panelists will be drawn from government, academia, and other business sectors, such as housing, whose engagement is necessary to drive resilience investment and behavioral change.
“Solution-focused and organized with an eye toward driving positive action across stakeholder groups, Triple-I’s Town Hall is an opportunity to meet and interact with people who are doing the work and developing the strategies and tactics,” Kevelighan said. “Hear and share insights and – perhaps most important – get involved in attacking the risk crisis.”
Visit Triple-I’s registration site if you would like to attend the Town Hall in Washington, D.C., on Thursday, Nov. 30. The site also includes details about confirmed panelists.
About the Insurance Information Institute
With more than 50 insurance company members — including regional, super-regional, national, and global carriers — the Insurance Information Institute (Triple-I) is the #1 online source for insurance information in the U.S. The organization’s website, blog and social media channels offer a wealth of data-driven research studies, white papers, videos, articles, infographics and other resources solely dedicated to explaining insurance and enhancing knowledge.
Unlike other sources, Triple-I’s sole focus is creating and disseminating information to empower consumers. It neither lobbies nor sells insurance. Triple-I offers objective, fact-based information about insurance – information that is rooted in economic and actuarial soundness. Triple-I is affiliated with The Institutes Risk and Insurance Knowledge Group.
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"#Climate #risk alone is a formidable adversary,” said #TripleI CEO @III_SeanK, noting #insured losses related to natural #disasters have increased tenfold since the 1980s.
Contacts
Michael Barry, 917-923-8245, michaelb@iii.org
