It is time for the insurance industry to pool its resources and make a national impact on disaster preparedness, mitigation and response by supporting the creation and operation of a new organization--let's call it the Insurance Institute for Emergency Management and Disaster Planning.
Insurers, as the guarantors of the general public for protection from catastrophic events, need a world-class research and policy organization that studies not just the financial cost of disasters, but how this nation plans and prepares for them, and how we mitigate the risks confronted.
Insurers need an organization that can evaluate and advocate for various building designs and construction methodologies, and forcefully opine on where those buildings should and should not be built. The same holds true for traffic and movement patterns, adequacy of public-sector response capabilities, and other important issues that transcend the nature of a specific disaster to be applicable to all events.
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