Public and private sector experts are planning resiliency efforts to combat potential disaster losses and the problem of underinsurance.
Representatives from the private and public sector met with policymakers and members of the insurance industry in October to discuss ways to build greater resilience in cities.
“We have an opportunity to start planning now,” said former N.J. Gov. Christine Todd Whitman during “Cities in the Crosshairs: The Case for Investing in Resilience,” presented by Lloyd’s of London in partnership with the American Security Project, a nonpartisan national security think-tank.
“We must build more resilient systems because we know these impacts are coming,” said Whitman, who is board chairman of the American Security Project and a past administrator of the Environmental Protection Agency.
“We desperately need the private sector; this needs to be a collaborative approach.”
The participants at the New York conference discussed best practices in risk assessment, mitigation, adaptation and risk transfer.
CEO Dante Disparte quoted in Risk & Insurance article, following the Lloyd’s and American Security Project event: Cities in the Crosshairs: The Case for Investing in Resilience