WASHINGTON (April 8, 2021) — The NAIC Center for Insurance Policy and Research (CIPR) will hold a two-hour special session during the 2021 Spring National Meeting.
The special session titled Severe Convective Storms – Persistent, Pervasive, and Multi-Peril – Insurance Implications and Building Resilience will take place Tuesday, April 13, 2021, from 10:00 a.m. – 12:00 p.m. Central Time.
While severe convective storms can happen at any time during the year, spring marks the beginning of heightened levels of activity. During this interactive event, participants will learn about the main perils and impacts associated with severe convective storms, what can be done to build resilience toward them, and implications for policyholders using insurance coverage as a mechanism for recovery from them.
The Insurance Institute for Business and Home Safety (IBHS) will be livestreaming from their research center in Richburg, South Carolina, demonstrating the latest science for property mitigation toward wind and hail hazards. The session will conclude with a regulator panel discussion focused on homeowner coverage implications and carving out a resiliency path moving forward leveraging this science. Panelists will include Kansas Insurance Department Commissioner, Vicki Schmidt, Texas Department of Insurance, Chief Deputy Commissioner, Doug Slape and Mississippi Insurance Department Director of Consumer Services, Andy Case.
All registered NAIC 2021 Spring National Meeting participants are welcome to attend.