The Friday Five - Week of May 6, 2019

by Jen Smoldt on May 10, 2019

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If you care about what’s happening in the world of property and casualty (P&C), then this is the place to be. Each week, we serve up a bite-size roundup of the latest news, hot topics, and (admittedly subjective) tidbits to keep curious insurance professionals, like you, in-the-know.

Quote of the Week:

“This is an arms race against Mother Nature. Mother Nature will win.” -David Stokes, executive director of the Great Rivers Habitat Alliance

  1. What everybody’s talking about...Levees are breaking and the Midwest has reached a breaking point. Like coastal living, riverfront living is at risk due to climate change and communities must rethink their flood resilience strategies
  2. Got claims? It's critical that P&C insurers look to automation to create efficiencies in the event response and claims processes in order to keep up with the frequency and severity of catastrophe events--and customer satisfaction demands
  3. Countdown to hurricane season = 21 Days...Hurricane Florence is now the 9th most destructive storm in US history according to NOAA with $24B in damage, loss of life & massive flooding. Brush up on your hurricane prep with these best practices...
  4. Thought leadership of the week...The market is advocating cooperation for the greater good. There will be more commercial opportunity and innovation generated through “coopetition”
  5. This Bud’s for you...Bravo to Anheuser-Busch for expanding its emergency drinking water program and sending 1M cans of water to volunteer firefighters in CA, CO & AZ ahead of wildfire season

    And, one to grow on...A bill passed in the House that would require President Trump to develop a plan for the US to meet its contribution under the Paris Agreement--cutting greenhouse emissions by 26-28% by 2025.

    Missed last week’s Friday Five? Check it out here.  

Topics: Flood risk, climate change, catastrophe risk management

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