As 2013 begins, residents in the Northeast whose homes, businesses and communities were torn asunder by Superstorm Sandy are on the long road to recovery. From the federal government on down to neighborhood organizations, discussions are being had over how—or whether—to repair and rebuild.

These conversations provide the insurance industry with an opportunity to help break the tragic cycle of coastal-property destruction/replacement/destruction in which our nation has been caught for far too long.

In addition to the havoc Mother Nature has wrought in several communities in 2012 and 2011, with wind, water and wildfire, she will inflict more harm in 2013—and every year to follow. It is time to show that we actually have learned from past and current devastating events. We must commit to taking a better path forward and to educating insureds and other stakeholders in areas broadly exposed to catastrophe about how they can better prepare for the next storm.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.