Insuring The Future: Climate & Risk Within The Insurance Industry

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Severe Weather Mitigation & Resiliency Advisory Council Final Report

The Severe Weather Mitigation and Resiliency Advisory Council was established in October 2024 to study and develop recommendations to address the impact of changing weather events for the residents of Connecticut.

Over the past eight months, the Council has gathered extensive input from diverse stakeholders culminating in this report, which outlines a multiphase, multifaceted program leverage public-philanthropic partnerships and key recommendations for improved resiliency.

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What is Insuring the Future?

The Connecticut Insurance Department (CID) and CT Insurance & Financial Services (CT IFS) are co-hosting the second annual Insuring the Future summit. This event brings together regulators, government leaders, and industry experts to share insights and strategies focused on climate risk, innovation, and the future of insurance.

This year’s program includes in-depth discussions on financing resilient communities, addressing the economic and health impacts of climate change, and the evolution of regulatory standards for climate risk disclosure, materiality assessments, and the utilization of catastrophe models.

Attendees will hear from experts across several sectors including housing, healthcare, reinsurance, and risk modeling, highlighting practical solutions, cross-sector partnerships, and innovations that help protect people, property, and communities.

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