2027 Proposed Charges 

The Severe Peril Working Group will:

A.    Examine, analyze, and monitor insurance protection gaps by peril, including hurricanes, wildfires, atmospheric rivers, and severe convective storms, as well as overall market conditions in current and potential future scenarios.
B.    Track the emergence of innovative insurance policy solutions, such as inclusive and parametric insurance products, that enhance resilience to natural catastrophes and address identified protection gaps and insurance market issues.
C.    Leverage the experiences of insurance regulators regarding specific perils to share knowledge with fellow state regulators and future commissioners.
D.    Refine and implement the flood insurance blueprint, including a national initiative to raise awareness of flood risk and risk mitigation strategies.  The initiative should incorporate the latest scientific research, technology, and mitigation efforts, along with available flood insurance options.
E.    Establish partnerships with national and international non-governmental organizations and universities to create innovative recovery and rebuilding programs targeting underinsured or uninsured communities.

F.     Partner with the Government Relations (EX) Leadership Council to coordinate and provide technical advise on federal legislative and administrative activity on disasters and insurance, including National Flood Insurance Program (NFIP) and reauthorization and reform and ongoing Federal Emergency Management Agency (FEMA) reform efforts.  Provide subject-matter expertise and support NAIC comments or engagement when requested. 

2026 Charges 

The Severe Peril Working Group will:

A.    Examine, analyze, and monitor insurance protection gaps by peril, including hurricanes, wildfires, atmospheric rivers, and severe convective storms, as well as overall market conditions in current and potential future scenarios.
B.    Track the emergence of innovative insurance policy solutions, such as inclusive and parametric insurance products, that enhance resilience to natural catastrophes and address identified protection gaps and insurance market issues.
C.    Leverage the experiences of insurance regulators regarding specific perils to share knowledge with fellow state regulators and future commissioners.
D.    Launch a national initiative to raise awareness of flood risk and risk mitigation strategies, incorporating the latest scientific research, technology, and mitigation efforts, along with available flood insurance options.
E.    Establish partnerships with national and international non-governmental organizations and universities to create innovative recovery and rebuilding programs targeting underinsured or uninsured communities.