Promoting the conservation of natural resources and encouragingrisk mitigation efforts along densely populated U.S. coastlines arethe best ways to manage risk and reduce economic losses, theReinsurance Association of America (RAA), testified this week.
At a hearing Tuesday before the House Subcommittee on InsularAffairs, Oceans and Wildlife on Managing Ocean and WildlifeResources, Franklin W. Nutter, RAA president said, "The importanceof risk management to the conservation of our ocean, coastalecosystems, and wildlife resources in an increasingly unpredictableenvironment should be abundantly obvious."
Mr. Nutter continued, that "To the best of our ability, we mustuse nature to protect ecosystems that provide natural 'buffers' tostorms by renewing efforts to preserve coastal areas consistentwith effective state and federal laws."
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