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This group focuses on the insurance industry's response to the increasing number of natural events and how this response impacts Americans.

This group focuses on the insurance industry's response to the increasing number of natural events and how this response impacts Americans.

Members

mdmcdonald WDS1200-Columbus

Email address for group

insurance-us@m.resiliencesystem.org

Nearly 1 in 4 U.S. Adults Dumped From Medicaid Are Now Uninsured-- Survey

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The first national survey of adults whose Medicaid eligibility was reviewed during the unwinding found nearly half of people who lost their government coverage signed back up weeks or months later — suggesting they should never have been dropped in the first place.

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COVID-19 coverage safety net has plenty of holes in US

COVID-19 can do more than torment patients physically. It also clobbers some financially.

Even though many insurers and the U.S. government have offered to pick up or waive costs tied to the virus, holes remain for big bills to slip through and surprise patients.

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FEMA Flood Maps Ignore Climate Change, and Homeowners Are Paying the Price

           

The flood maps don’t factor in sea level rise or changes in extreme weather, and many are years out of date. In Mexico Beach, 'minimal-risk' homes were swept away.

insideclimatenews.org - by James Bruggers - November 1, 2018

The official map laid it out for more than 200 homes within the community of Mexico Beach, Florida: the federal government had characterized their flooding risks as minimal, despite their near-beachfront locations.

That meant for them there were no requirements to buy flood insurance, and local residents say many did not.

When Hurricane Michael and its 155-mile-per-hour winds slammed into the town on Oct. 10, with a storm surge of perhaps 19 feet, the result was devastation. An analysis by coastal geologists from Western Carolina University has found that 70 percent of the homes were demolished. Another 10 percent were severely damaged.

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Your Flood Insurance Premium is Going Up Again, and That’s Only the Beginning

           

miamiherald.com - by Alex Harris - July 24, 2018

The letter might have already come in the mail. “Your building is at high risk for flooding,” it declares in bold. There are ominous charts warning that if you don’t take action, your flood insurance premium could rise up to 18 percent each year.

The bottom line: your flood insurance premium is going up again — and under a policy change the Federal Emergency Management Agency is considering, it could skyrocket even more in coming years.

(CLICK HERE - READ COMPLETE ARTICLE)

ALSO SEE RELATED ARTICLES WITHIN THE LINKS BELOW . . .

CLICK HERE - Risk Rating and Policy Forms Redesign (15 page .PDF document)

CLICK HERE - Federal Flood Insurance Average Premium to Rise 8%

CLICK HERE - FEMA - Flood Insurance Reform - Rates and Refunds

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Swiss Re No Longer Offers Re/Insurance to Firms with More Than 30% Coal Exposure

           

CLICK HERE - Swiss Re - News Release - Swiss Re establishes thermal coal policy to support transition to a low-carbon economy (4 page .PDF file)

insurancejournal.com - July 3, 2018

Swiss Re announced it no longer is providing re/insurance to businesses with more than 30 percent exposure to thermal coal across all lines of business.

The thermal coal policy applies to both existing and new thermal coal mines and power plants, and is implemented across all lines of business and Swiss Re’s global scope of operations.

This move marks the implementation of Swiss Re’s thermal coal policy announced in June 2017, which aims to manage carbon-related sustainability risks and support the transition to a low-carbon economy, the company said in a statement.

(CLICK HERE - READ COMPLETE ARTICLE)

ALSO SEE RELATED ARTICLE HERE - Swiss Re limits thermal coal coverage

 

 

 

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Credit Rating Firm Warns New Orleans, Coastal Cities to Prepare for Climate Change

           

An aerial view of the Industrial Canal after its levee failed during Hurricane Katrina. (NOLA.com | The Times-Picayune file photo)

nola.com - by Tristan Baurick - December 11, 2017

One of the country's largest credit rating agencies has put New Orleans and other coastal cities on notice: prepare for the effects of climate change or risk a hit on your credit score.

In a new report, Moody's Investors Service warned that it will evaluate efforts to adapt to sea level rise, flooding, severe storms and other impacts from rising global temperatures when setting its ratings for loans and bonds. The report mentions New Orleans and Louisiana several times as high risk areas.

(READ COMPLETE ARTICLE)

 

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New Orleans Area's Upgraded Levees Not Enough for Next 'Katrina,' Engineers Say

      

The Lake Borgne Surge Barrier, which rises 26 feet above sea level, is designed to be overtopped by storm surges created by a hurricane with a 1 percent chance of occurring in any year, the so-called 100-year storm, hits the area. The overtopping water will be stored in the Gulf Intracoastal Waterway and the Industrial Canal in New Orleans. Larger storms will cause even more water to overtop the wall.

nola.com - by Mark Schleifstein - August 18, 2015

The rebuilt New Orleans area hurricane levee system remains inadequate to protect the heart of the nation's 45th largest metropolitan area from another Hurricane Katrina or larger storm, nationally-known engineers and scientists said almost a decade after the 2005 storm.

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