Recovery Planning Guidance

Mitigation and the Insurance and Banking Industry

Insurance companies and mortgage lenders should have an incentive to support and assist business and homeowners in mitigating their structures. Greater resilience means less losses, win-win right? However, there have only been moderate successes in partnering between EM and these industries (FLASH is the only one that comes to mind in Florida but there may be others). How can we further this partnership and to what potential benefit? (eg lowered premiums with hazard mitigation elements) What are the barriers?

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Idea No. 640