Stakeholders

States

Sharing state mitigation programs’ best practices to accelerate residential mitigation.

Lessons learned from existing state wind mitigation programs in Alabama, South Carolina, and North Carolina.

  • Overview of three state residential wind mitigation programs; history, size, funding, challenges.

  • Building the case for state home catastrophe mitigation program; economic imperatives.

  • Statutory, political, actuarial considerations in creating incentives to mitigate home catastrophe risk.

  • Sources of funding for growth and sustainability; thinking outside the box.

Interaction with FEMA: Making a good partner even better.

  • Existing relationship; states and FEMA — a critical safety net when disaster strikes.

  • States help FEMA address its strategic goals, by building out state residential catastrophe mitigation.

  • Economic impact of accelerating residential cat mitigation; state and national impact.

Engaging the private sector: Multiplying the value of each dollar for mitigation. 

  • Communities and businesses do not exist in a vacuum, as the pandemic has shown.

  • Communities and businesses’ economic viability is inextricably linked to their resiliency.

  • Employers may support state residential mitigation when offered innovative mitigation products.

  • The ability to leverage each FEMA PDM dollar differentiates the state in competing for FEMA funds.

State residential catastrophe mitigation programs can be a scalable distribution channel to access lower-cost capital.

  • Social outreach. A systematic way to provide recurring support for the impoverished.

  • Socially responsible support: wind mitigation grants assisting designated employees help corporate workforce management and business continuity, tapping into a much bigger source of funding.

  • Environmental. Keeping more roofs on homes avoids putting more toxic household waste into local landfills and streams, protecting the environment, all while helping the economy.