Insurance Industry Offers Climate Resilience Plan Amid Senate Debates

July 20, 2021
Insurers are floating climate resilience policies for lawmakers to include in upcoming infrastructure legislation, including reauthorizing the National Flood Insurance Program (NFIP), codifying the Federal Emergency Management Agency’s (FEMA) risk index for vulnerable communities and creating “disaster resilience zones” to spur private and public investments. The Reinsurance Association of America (RAA) “recommends that infrastructure and other legislation establish Community Disaster Resilience Zones (CDRZ)” to “direct public and incentivize private sector investment to help improve infrastructure resilience” to climate change, according...

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