Insurance for Good

Register to join Insurance for Good Founder, Carolyn Kousky, and Board Member, Helen Wiley, for our "Disaster Insurance 101" session on March 31st from 1-2 pm EST. This live virtual event will explain the basics and give an overview of how disaster insurance markets work, who the players are, what the terms mean, and the difference between the private market and public programs. All are welcome, however, the content is for those new to this subject and tailored to communities and the public sector.

Pilots that uncover innovative approaches to community insurance take collaboration and determination. The City of Isleton, California is a shining example of this. Situated almost entirely between rivers and sloughs, the town is no stranger to floods. A cross-sectoral group has worked to develop a new approach to flood insurance to provide financial protection to the residents of Isleton. Learn more on how Isleton created a Geological Hazard Abatement District (GHAD) as a structure to purchase community flood insurance. A special thank you to Kathleen Schaefer, Ph.D., P.E., CFM for her dedication to this work and for sharing it with us!

Our partner, Environmental Defense Fund, is hosting a workshop titled Insurance for Nature and Nature for Insurance this spring in Washington, DC. There are only a few spots left, so register below if you are interested in joining us! Discussions will include: * Quantifying and capturing the risk-reduction benefits of nature to insurance * Insurance underwriting models that can support nature-positive economic activities * Innovative insurance products that are being tested to enhance conservation, support forestry carbon offsets, and support ecosystem services markets * Innovative business models to support groups working for nature from specialized brokers to novel risk retention groups * New business practices across all aspects of the insurance business model from investments to pricing Ping Carolyn Kousky or Tallant Burley with any questions!

"Ensuring that the next generation of homes in the Pacific Palisades and Altadena are both survivable and insurable is not a barrier to rebuilding—it is a necessity." Tragedies born from growing risks implore us to do right by our communities by rebuilding safer and more resiliently. Doing so will save lives and homes by lowering future losses, protecting local economies, and stabilizing insurance markets. This is why Insurance for Good, along with other organizations focused on risk management, signed a letter to Governor Newson arguing?that Los Angeles should rebuild to Chapter 7a building codes. Not everywhere in the burned areas faces these requirements, but all areas that have burned should be built back as safely as possible. Read the full letter at https://lnkd.in/gRwdWeCk. Michele Steinberg, Karl Fippinger, CEM, PMP, After the Fire USA, American Property Casualty Insurance Association, Seth Schalet, O.P. Almaraz, Kate Dargan Marquis, Christopher Anthony, California Fire Safe Council, Jacy Hyde, PhD, David Shew, Yana Valachovic, Michelle Medley-Daniel, Steve Quarles, Michael Gollner, Bob Roper, Mark Brown, Carolyn Kousky, Kimiko Barrett, Frank Frievalt, Albert Simeoni, Crystal Kolden, Arnaud Trouvé, Brian Fennessy, Craig Clements, Jennifer Gray Thompson, MPA, Michele Barbato, Ph.D., PE, F.ASCE, F.SEI, F.EMI, Eulalia Planas, Elsa Pastor, Guillermo Rein, Alexandra Dunya Syphard, California Building Industry Association, Insurance Institute for Business & Home Safety - IBHS

Is the future insurable? I4G's?Carolyn Kousky?asked this question with esteemed colleagues Spencer Glendon,?Jeremy R. Porter, Ph.D., and?Bill Churney at the First Street Forecast event. At Insurance for Good, we know how critical insurance is at all scales. But we also know that unless we invest in lowering our growing risks and?rethink the future of?risk transfer, increasing numbers will not be able to secure the?financial protection they need.

There is much to learn from Louisiana's experience with financial recovery post disaster. Check out this recording from our ask an expert session co-hosted with SBP to hear from experts on disaster aid and insurance as they answered questions from the Insurance for Good community. Thank you to Helen Wiley for moderating as well as Jessica Dandridge-Smith, MA, Claire Balsley, MPH, and Carolyn Kousky for their time and perspective. If you have ideas for events you'd like to see from us, comment below! #federaldisasters #disasteraid #financialrecovery #insuranceforgood

We are excited to share a new blog post written by Katie Sabo from Aon, who serves on our Private Market Insights Advisory Group. Katie discusses the innovative use of parametric insurance they helped structure for Puerto Rico. "Insurance has a unique role in the public sector space to be a catalyst for resiliency both pre-and post-disaster. Puerto Rico's early adoption of parametric insurance is a significant step towards building a more resilient future. By embracing innovative solutions and proactively managing disaster risk, the island sets an example for other public entities facing similar challenges." Read more here:

Register to join us this Wednesday for "Ask an Expert: Financial Recovery from Disasters in Louisiana" cohosted with SBP. We're seeing national interest in this expert panel, which will provide insights into the landscape in Louisiana and what has been learned from disaster recovery in the state. Register and submit your questions in advance to be answered live: https://lnkd.in/gnM--9Ts The session will be moderated by Helen Wiley who is joined by experts Claire Balsley, MPH, Jessica Dandridge-Smith, MA, and Carolyn Kousky.

Looking for discerning and approachable reflections on the future of insurance following the catastrophic California fires? Have a listen to this conversation between Doug Parsons and Carolyn Kousky on the America Adapts podcast as they explore potential pathways forward as a variety of challenges converge. #americaadapts #wildfireinsurance #insuranceforgood

We're partnering with Insurance for Good on a virtual Q&A session on financial recovery from disasters in Louisiana. Register to join this interactive session which brings experts together to answer the audience's questions about federal disaster aid and insurance. The panel includes our own Claire Balsley, MPH, Jessica Dandridge-Smith, MA from The Water Collaborative, Carolyn Kousky from Environmental Defense Fund and Insurance for Good, and is moderated by Helen Wiley. Register here: https://lnkd.in/gnM--9Ts