Insurance executives, coastal scientists and political leaders look to creating insurance policies to protect natural barriers to floods and other disasters.
A two-day symposium at the Seymour Marine Discovery Center in Santa Cruz brought together insurance executives, coastal scientists, and politicians.A two-day symposium at the Seymour Marine Discovery Center in Santa Cruz brought together insurance executives, coastal scientists, and politicians.
State officials said only about 10% of Pajaro flood victims have flood insurance. Insuring better mitigation measures prior to the next flooding event, and spreading the coast evenly, will protect both residents and the environment. The ongoing symposium centers on how to create insurance policies for nature itself, protecting the environment and people.
Jackie Higgins is a senior vice president with Swiss Re, a Swedish company that’s spearheading this new wave of thought.
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