SmarterSafer coalition calls for U.S. flood insurance reform, facing December deadline

National Flood Insurance Reform

Recent efforts to overhaul NFIP has reached a struggling point, but one business group wants to push ahead. The latest shot at American flood insurance reform has come across a serious obstacle in its attempts to move ahead. However, a business and environmental groups coalition has strengthened its call for an overhaul to the National Flood Insurance Program (NFIP). They’re pushing for lawmakers to make much needed changes to the program before its December expiry. The flood insurance reforms need to be made before December 8, 2017 if they are…

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Insurance industry calls for action on climate change

Natural Disasters - Insurance Industry

Report from coalition calls for better disaster preparedness A coalition of large insurer, consumer advocacy groups, and environmental organizations called SmarterSafer has release a report that is urging the U.S. to overhaul its disaster policies in light of increasingly disastrous weather related to climate change. The insurance industry has expressed concern over climate change for years, urging companies to prepare for violent weather and petitioning governments to take more action against this phenomenon or risk potential financial disaster. Report highlights the fault of the disaster framework in the United States…

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