The importance of disaster preparedness, building resilience, and innovative insurance products were the themes panelists highlighted at a virtual
With hurricane season starting on
The panelists acknowledged the COVID-19 pandemic, the
"There will never be enough public dollars to conduct all the risk mitigation necessary," said Dr.
Recognizing the cost-benefits - for doing nothing, taking certain actions, or unleashing innovative strategies - has become important to elected and appointed officials, business and industry leaders, and others in charge of allocating capital and resources, noted
"We can no longer conduct business as usual in a current and post-COVID 19 environment, and the need to generate partnerships that have not existed in the past should not be a deterrent to exploring new financial models and insurance products across all sectors, geographies, jurisdictions," said
"As states and local governments are making difficult budgetary decisions resulting from the COVID-19 pandemic, now is the time to explore innovative insurance solutions to create flexibility within finite budgetary resources that can help generate funding for critical migration and resiliency projects that ultimately reduce the fiscal impact of natural disasters on businesses and taxpayers," said
The next virtual