Insuring The Future
September 10, 2024 | Hartford, CT
Climate & Risk Within The Insurance Industry
Title Sponsor:
The Connecticut Insurance Department (CID) and CT Insurance & Financial Services (CT IFS) are joining forces to merge their annual events, the Connecticut Conference on Climate Change and Insurance (C4I) and the Insurance Capitol Summit (ICS). This collaborative effort will bring together insurance regulators, government leaders, and industry experts to share insights on climate risk, innovation, and technology for Insuring the Future.
What is Insuring the Future?
Agenda
9:30 AM
Doors Open
10:00 AM
Opening Remarks
Susan Winkler (CT IFS)
Commissioner Andrew N. Mais
10:20 AM
Keynote
Facing the Storm: The Impact of Climate Change on Communities and the Most Vulnerable; A Call to Action.
Keynote Speaker: Koby Langley, JD, MPA, Northeast Division Vice President, American Red Cross
Description: Koby Langley will explore the profound and growing intersection between climate change, community resilience, and homelessness. As extreme weather events become more frequent and severe, the most vulnerable populations, including those experiencing homelessness, bear the brunt of these changes. Koby will highlight the disproportionate impact on marginalized communities, revealing how historical inequities exacerbate their plight.
Through data-driven insights and real-world examples, Koby will discuss the urgent need for comprehensive strategies that address both immediate relief and long-term resilience. The talk will explore actionable interventions, from early warning systems to nature-based solutions, and call upon policymakers, insurers, humanitarian leaders, and communities to unite in mitigating these dual crises. This is not just another crisis—it's a call to act with urgency and compassion to protect our most vulnerable neighbors and build a more secure future for all.
↳ Full Bio
11:00 AM
Panel One
The Critical Role of Community Resilience in Climate Adaptation
Description: Investing in community resilience is crucial for managing the insurance implications of climate change. It not only helps in reducing risks and stabilizing insurance markets but also ensures the safety and economic stability of communities. Ignoring these measures will lead to severe financial and social consequences, underscoring the importance of proactive resilience strategies.
Moderator
Commissioner Mark Fowler, Alabama Department of Insurance
Panelists
Fred Malik, Managing Director, FORTIFIED, Insurance Institute for Business & Home Safety (IBHS)
Leslie Chapman-Henderson, President & CEO, Federal Alliance for Safe Homes (FLASH)
Brian E. Powell, Catastrophe Risk Resilience Specialist, Center for Insurance Policy and Research (CIPR)
Jerry Theodorou, Director, Finance, Insurance & Trade Program, R Street Institute
12:00 PM
Lunch
1:30 PM
Panel Two
Innovative Risk-Based Mitigation: The Role of Insurance in Resilience and Nature-Based Solutions
Description: The involvement of insurance in risk-based mitigation and resilience projects is crucial for managing the impacts of climate change. This session will explore how insurance can help reduce financial risks, ensure economic stability, and promote sustainable practices that benefit both insurers and communities. Additionally, we will delve into the role of nature-based solutions, highlighting innovative approaches that integrate natural systems to enhance resilience and mitigate risks. Join us to understand how these strategies can create a more sustainable and secure future for all stakeholders.
Moderator
Frank Tomasello, Executive Director, The Institutes Griffith Insurance Education Foundation
Panelists
Superintendent Beth Dwyer, Rhode Island Department of Business Regulation
Lawrence “Lars” Powell, Director, Alabama Center for Insurance Information and Research, University of Alabama
Natalie Enclade, Executive Director, BuildStrong America
Russell Stack, Director of Catastrophe Analytics, Aon
Panel Three
Transition Planning: Importance, Challenges, and Impacts on States, Insurers, and Consumers
Description: Transition planning is essential for managing the insurance implications of climate change, ensuring market stability, regulatory compliance, and long-term viability for both insurers and consumers. While there are significant obstacles, effective planning, and the adoption of innovative solutions like parametric insurance can mitigate these challenges. This proactive approach helps in developing new products, adjusting coverage terms, and maintaining financial resilience in the face of climate-related changes.
Moderator
Andrew N. Mais, Connecticut Insurance Department (CID), Commissioner, National Association of Insurance Commissioners (NAIC), President
Panelists
Commissioner Ricardo Lara, California Department of Insurance
Commissioner Jon Godfread, North Dakota Insurance Department
Rakhi Kumar, Senior Vice President of Sustainability Solutions and Business Integration, Liberty Mutual
Lynne Grinsell, Vice President, Head of State Affairs | Government and Regulatory Relations, Zurich North America
2:30 PM
Break
3:30 PM
Panel Four
Climate & Insurance: The Risks and The Social Good
Description: With 2023 citing $100b in cat losses, the industry’s first without a single event driving the total, the insurance industry and the general public concur that climate risk is the No.1 risk that concerns all. Whether new weather patterns, increasing population exposures, supply chain hangups and inflation, these perils provide new risks and opportunities for the insurer, insured and the common good.
Moderator
Tim Queen, Global Head of Insurance Consulting, Cognizant
Panelists
Raghuveer Vinukollu, Ph.D, Head - Climate Insights and Advisory, Munich Reinsurance America, Inc.
Jonathan Jackson, CEO & Co-Founder, Previsico Inc.
Eric M. Nelson, Senior Vice President, Enterprise Catastrophe Risk Management, Travelers
4:00 PM
Closing Remarks
Lt. Governor Susan Bysiewicz
5:00 PM
Reception
5:15 - 7:00 PM
Welcome Future Talent!
Are you a student passionate about climate risk, innovation, or the future of insurance?
The Future Talent program, sponsored by Symetra, offers you a unique opportunity to attend the Insuring the Future event for free! This is your chance to connect with industry leaders, gain valuable insights, and explore potential career paths.
Don’t miss out on this incredible opportunity to learn and grow alongside professionals shaping the future of the industry.
Future Talent Sponsor
Thank You To Our Sponsors!
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Insuring the Future is pre-qualified for 4.5 Designation Renewal Credits (DRCs)
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