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Resilience NEWS

Higher home premiums for risky areas

People living in areas at greater risk of natural disasters should be prepared to pay higher home insurance premiums, the chief of one of the country’s biggest insurers says. After NSW this month faced the worst bushfires in decades, the disaster has put the focus back on how people in high-risk areas protect their homes and possessions. Home owners in flood-prone areas have already been hit by price rises of as much as 500 per cent after damaging floods in eastern Australia in recent years. The chief executive of Insurance Australia Group, Mike Wilkins, said on Wednesday that although cover for bushfires was different to flood cover, the ”concept” of passing on risk to customers was the same…

 

NY institutes emergency disaster protocol for insurance companies

Gov. Andrew M. Cuomo announced a new emergency disaster protocol that insurers will be expected to follow in the event of future severe storms and other natural disasters. The emergency disaster protocol includes a number of measures the Department of Financial Services (DFS) put in place in the wake of Superstorm Sandy at Governor Cuomo’s direction — such as expedited claims processing procedures, emergency licensing of new claims adjusters, a mediation program for disputed claims, and other steps — to help accelerate claims payments to consumers and ensure New Yorkers receive their promised insurance benefits…

 

Shimizu develops service to assess global site hazards

Shimizu Corporation has announced the development of a global hazard evaluation system to assess the vulnerabilities of potential construction sites. The system includes NASA data on lightning-strike frequency. It is designed to assist global firms with the planning of factories, offices or other facilities at overseas sites by providing evaluations and other information on hazards and natural disasters. The company said that more and more companies are building factories and offices outside their home country. At the same time, the increasing frequency of natural disasters such as earthquakes and floods has made these companies eager for information on potential risks associated with particular sites. Unfortunately, information on hazards and natural disasters comes from numerous scattered sources and the scope of the data a company can gather on its own is limited. In response, Shimizu has developed the Shimizu Global Hazard Evaluation System. This system allows users to view the information needed for site-specific hazard assessments by selecting any location on Google Earth and pulling up the information from the internet and from Shimizu’s own databases…

 

One year after Sandy: President Obama praises America’s resilience, says there’s ‘more work to do’

On the one-year anniversary of Hurricane Sandy, President Obama said there’s “more work to do,” praised Americans’ resilient spirit and pledged the federal government’s continued support.  “Today, we remember our fellow Americans who lost their lives to that storm, and we comfort the families who grieve them still,” Obama said in a statement released this morning. “And while there are still homes to rebuild and businesses to reopen, the last year has also served as a reminder of the strength and resilience of the American people. We’ve seen first responders act with heroism, strangers lend a helping hand, and entire communities come together to heal. There’s more work to do, but that’s the spirit with which we’ll continue to do it for our fellow Americans who still need a hand.”…

 

The Rockefeller Foundation Announces Judges for 100 Resilient Cities Centennial

The Rockefeller Foundation today announced the names of seven distinguished judges from around the world who will select the first round of cities to join the 100 Resilient Cities network. Nearly 400 cities across six continents applied to the 100 Resilient Cities Centennial Challenge, which was announced on The Rockefeller Foundation’s 100th anniversary in May 2013. “Announced at this year’s Clinton Global Initiative meeting, The Rockefeller Foundation’s visionary 100 Resilient Cities commitment will give cities more tools to build their own and their citizens’ resilience, and I’m excited to serve as a judge for this effort,” said President Bill Clinton, founder of the Clinton Foundation and 42nd President of the United States…

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