U. Penn Law School March 21, 2014

William B. Golden, NICHI Executive Director participated recently in an important symposium at Penn Law School.

The invitation-only symposium, “After Superstorm Sandy: Developing Economic Incentives for Advancing Infrastructure Resilience,” took place on Friday, March 21st at the Penn Law School Conference Center in Philadelphia.

The Symposium was organized by Howard Kunreuther at the Wharton School, Stephen E. Flynn, Ph.D.Director, Center for Resilience Studies Northeastern University and Co-Director, George J. Kostas Research Institute Northeastern University.

The focus of  discussion was on how to encourage widespread adoption of resilience-enhancing measures in the face of the growing risk of extreme weather and other disasters.

This event wa the fourth in a unique “lessons learned” series funded by the Alfred P. Sloan Foundation. That  project has been bringing together senior policymakers, practitioners and experts from Washington and major urban areas outside the tri-state area to learn from the Sandy experience from their metro- New York region counterparts.

The overall project goal is to identify findings and recommendations that can inform and advance nationwide efforts to bolster regional resilience to significant disasters. This upcoming symposium is arguably the most important of the series, at which we are bringing major leaders from the insurance sector together with experts and policy makers to identify how economic incentives can be employed to bring about rapid widespread adoption of measures that will enhance the capacity for communities to better withstand and more rapidly recover from catastrophic events.

The Symposium  included several senior officials from the White House National Security Staff, DHS, HUD, FEMA, FIMA, and SBA in attendance. In addition, the March 21st Forum brought together the State Insurance Commissioners from NY, CT, and NJ, the top leadership of important industry associations such as the Insurance Information Institute; Reinsurance Association of America; and Insurance Institute for Business & Home Safety as well as senior executives from AIG, FM Global, Swiss Re, Munich Re, Travelers, and Lloyds.