mitigation proposals under consideration in d.c

Mitigation Proposals Under Consideration in D.C.

May 2010Mike Cohen

Vice President of Government AffairsRenaissance Reinsurancemichael.cohen@renre.com

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“A dollar spent on mitigation saves society an average of $4.”

- The Multihazard Mitigation Council

Mitigation…Begins Before the Storm

Major Mitigation Proposals Under Consideration in D.C.

• Home Star

• S. 2818, Weatherization Legislation

• H.R. 3377, Disaster Response, Recovery, and Mitigation Enhancement Act of 2009

• Rep. Thompson Mitigation Package

3For Discussion Purposes Only Please Refer to the Disclaimers on P.2

SmarterSafer.org

4For Discussion Purposes Only Please Refer to the Disclaimers on P.2

• Leading advocacy group for mitigation • Over 30 member organizations including

– Environmentalists– Emergency Management groups– Conservative Advocacy and Taxpayer groups– Insurers, including each reinsurance trade group

• Committed to promoting mitigation, NFIP reform, and promoting responsible insurance policy that include actuarial rates.

Committing Resources to Risk Mitigation

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