Promoting the conservation of natural resources and encouragingrisk mitigation efforts along densely populated coastlines in theUnited States are the best avenues toward managing risk andreducing economic losses, the Reinsurance Association of Americatestified last month.
In a hearing before the House Subcommittee on Insular Affairs,Oceans and Wildlife on Managing Ocean and Wildlife Resources,Franklin W. Nutter, RAA president, said, “The importance of riskmanagement to the conservation of our ocean, coastal ecosystems andwildlife resources in an increasingly unpredictable environmentshould be abundantly obvious.”
He said the degree to which coastal areas “have been urbanizedand the increasing value at risk–higher property values in higherrisk areas–demonstrates the need for federal initiatives thatencourage natural disaster mitigation and assistance to protect notonly people and property but environmentally sensitive habitatsalong our coastlines as well.”
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