Severe Convective Storms - Persistent, Persuasive, and Multi-Peril - Insurance Implications and Building Resistance
AGENDA & SPEAKER BIOS
Severe Convective Storms – Persistent, Persuasive, and Multi-Peril – Insurance Implications and Building Resilience
NAIC 2021 Spring National Meeting April 13, 2021 | 10 AM – 12 PM ct
While severe convective storms can happen at any time during the year, Spring marks the beginning of heightened levels of activity, as we have already witnessed in 2021. During this interactive event, we will learn about the main perils and impacts associated with Severe Convective Storms, what can be done to build resilience toward them, as well implications for policyholders utilizing insurance coverage as a mechanism for recovery from them. As part of the event, the Insurance Institute for Business and Home Safety (IBHS) will be live-streaming from their research center in Richburg South Carolina, demonstrating the latest science for property mitigation toward wind and hail hazards. We will conclude with a regulator panel discussion focused on homeowner coverage implications and carving out a resiliency path moving forward leveraging this science.
About the National Association of Insurance Commissioners
As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.