Nat Cats: Which states are taking resiliency seriously
Daniel Kaniewski comments on states leading on disaster resilience programs.
Disaster resilience can’t fall on insurers alone, Marsh’s Kaniewski warns.
Disaster resilience should be a shared priority, but while insurers must take the lead, they cannot shoulder the financial burden alone, according to Daniel Kaniewski, managing director for the public sector at Marsh McLennan and former deputy administrator for resilience at FEMA.
Trump says states should manage disasters and weighs shuttering FEMA.
“The real question is how those burdens should be shared at all levels of government,” said Daniel Kaniewski, the second-highest ranking official at FEMA during Mr. Trump’s first administration and now a managing director at Marsh McLennan, a consulting firm.
As Floods Become Bigger and More Common, Risks from Insurance Gaps Also Grow
In this interview, Daniel Kaniewski warns that the vast majority of homeowners are dangerously underinsured against flooding, arguing that the solution requires a combination of reforming the National Flood Insurance Program and incentivizing local governments to adopt resilience strategies like community-based catastrophe insurance.