Creating a ‘Resilience Movement’

The insurance industry can help communities become more resilient, mitigate the risk of damage from natural catastrophes and minimize losses. (Photo: Shutterstock)

It’s a fact: Natural catastrophes are increasing in severity and frequency. The insured damage from all natural disasters in the United States in Q1 2017 is estimated at nearly $7 billion, according Aon Benfield. Of that, about $6 billion is from severe storms. Disaster losses along the East Coast are projected to escalate in the coming years, in part because of spikes in building and property development.

With the beginning of the Atlantic Hurricane season upon us, we have an opportunity to promote community resilience by fostering greater emphasis on solutions that can save lives and prevent losses. The key to having a lasting impact is to build and grow a resilience movement.