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Creating a ‘Resilience Movement’

As the 2017 hurricane season begins, Sean Kevelighan, CEO of I.I.I., provides some thoughts on how the insurance industry can help cities become more resilient.

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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.

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