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ASFPM International Committee is Hosting a Free Webinar April 20

by | Apr 12, 2017 | News & Views

ASFPM
International Committee Upcoming Webinar: Flood Re: lessons from the UK’s private flood insurance program

The ASFPM International Committee is pleased to announce an upcoming free
webinar April 20, 2017 at 1 p.m. EST titled: Flood Re: Lessons from the UK’s private flood insurance program by Dr.
Diane Horn, Analyst, Flood Insurance and Emergency Management,
Congressional Research Service.

Agenda:

1-1:05 p.m.–Introduction-Shana Udvardy, Climate
Preparedness Specialist

1:05-1:25 p.m.–Flood Re: Lessons from the UK’s private flood insurance program–Dr.
Diane Horn, Analyst, Flood Insurance and Emergency Management, Congressional
Research Service

1:25-1:35 p.m.–Q&A Discussion

Bio

Dr. Diane Horn is
an analyst in flood insurance and emergency management with the Congressional
Research Service. She graduated from the College of William and Mary in
Virginia with a B.A. in history, followed by an M.Sc. in Earth science from
West Chester University and a D.Phil. in physical geography from the University
of Oxford. Before coming to the Congressional Research Service, she was a
professor at Birkbeck College, University of London, for 23 years, with her
research concentrating on shallow water processes on beaches, coastal
adaptation to climate change, and flood insurance. One aspect of her research
on flood insurance was a comparative study of the US National Flood Insurance
Program and Flood Re, the new flood insurance scheme in the UK, with a paper on
Flood Re in Nature Climate Change
(see Horn, D.P. and McShane, M.K. 2013. Flooding the market. Nature Climate
Change 3: 945-947 at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2351253).

Abstract:

Flood Re: Lessons from the UK’s private flood insurance program

The UK flood insurance market is unusual in
having an entirely market-based scheme without direct government involvement,
with financial costs of floods borne entirely by the private sector. Domestic
flood coverage is available only from private insurers as a standard peril
covered by general property insurance. For over 50 years, flood insurance in
the UK was conducted under a series of informal agreements established between
the insurance industry and successive governments, known as the “Gentleman’s Agreement” (1961-2002) or the “Statement of Principles” (2002-2013). Under these informal
agreements, private insurance companies agreed to cover properties at risk of
flooding, with flood cover as a standard element of domestic and small business
building and contents policies, in return for government commitment to manage
flood risk. UK flood insurance provision changed significantly in April 2016
with the introduction of Flood Re, a stand-alone, industry-run, not-for-profit
insurance fund. This webinar will outline the structure of Flood Re and will
draw lessons from 55 years of experience with a fully private flood insurance
scheme.

See the web link & call-in
instructions below.

Dial in number if in the United States:
(712) 770-4010

Access code: 855819

International
callers can view from this list of call in numbers: View List

Online Meeting: Screen Sharing/Video

Online Meeting Link: https://join.freeconferencecall.com/asfpm-ic

Instructions:

At the scheduled date and time of the meeting, dial into the
conference line. When prompted, enter the Access Code followed by the pound
key.

To join the online meeting, click on the meeting link listed
above and follow the prompts to join the meeting.

For 24/7 customer service please call (844) 844-1322

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