January 23, 2013 Robin Smith Westcott, Esq. Florida Insurance Consumer Advocate Tallahassee, Florida Senate Banking and Insurance Committee.

Slides:

Advertisements

Similar presentations

Measuring Banking and Insurance: The U.S. Experience Brian C. Moyer Associate Director for Industry Accounts 12 th OECD-NBS Workshop on National Accounts.

Advertisements

CATASTROPHE INSURANCE Insurance 101 The Myth: RISK PURE RISK - chance of a loss – usually computed in $$$. SPECULATIVE RISK – chance of a loss or gain.

Sandy: Building Back Stronger, Safer & More Resilient Tim Crowley, Director, Mitigation Division, FEMA Region II December 2012.

October 29,  Fiscal Risks identified and quantified in Mexico: ◦ Budgetary impact of fluctuations in key assumed macro-economic variables ◦ Long-term.

© Family Economics & Financial Education – Revised November 2004 – Saving Unit – Managing Your Cash Funded by a grant from Take Charge America, Inc. to.

Insurance and Pension Fund Operations

OFFICE OF PROGRAM POLICY ANALYSIS & GOVERNMENT ACCOUNTABILITY The Legislative Sunset Review Process Darwin Gamble, Senior Legislative Analyst OPPAGA February.

X X I I H H S S S S C.J. Bawden Communications Officer September 11, 2012 Silver State Health Insurance Exchange Nevada’s State Based Health Insurance.

Ch14--In301 Types of Policies Multiple-line 1st party property 3rd party liability 3rd party medical expense Multiple-peril Fire, windstorms, theft, etc.

World Bank Group FIAR 2010, Sinania PAID: Reconciling Affordability and Financial Sustainability Requirements May 25, 2010.

1 The Disaster Insurance Project Wharton Center for Risk Management and Decision Processes University of Pennsylvania Insurance Information Institute and.

5. Alternative Risk Transfer BUS 200 Introduction to Risk Management and Insurance Fall 2008 Jin Park.

Federal Emergency Management Agency Donna M. Dannels Director, Policy and Assessment Division Mitigation Directorate.

Savings Tools Subtitle. Goal: Determine the savings tool most appropriate for reaching a financial goal. Savings Tool: secure and liquid accounts offered.

Safety Coordinator Training 101:The Basics State of Florida Loss Prevention Program.

1 PRESENTATION ON MODULE 3 From Malaysia PRESENTATION ON MODULE 3 From Malaysia.

Should There Be A National Reinsurance Catastrophe Pool ? May 8, 2006 Mary Z. Seidel Reinsurance Association of America.

The Federal Reserve System Lecture 6.7. Federal Reserve Central bank of the U.S. that controls the size of the money supply to –help regulate the economy.

Flooding & Drainage Committee May 16,  Participate in the National Flood Insurance Program (NFIP)  Participate in the Community Rating System.

Mitigation. Hazard Mitigation is any sustained action taken to reduce or eliminate long-term risk to people and their property from hazards and their.

September 20, 2012 Miami, Florida.  SINKHOLE RATES  APPLICATION OF RATE CAPS  THE GLIDE PATH TO ACTUARIAL SOUND RATES.

0 IMPACT OF EUROZONE RECESSION FOR THE CREDIT INSURANCE INDUSTRY Selin ÇALIŞKAN Deputy Manager JOINT PAM/UNECE/UNCTAD CONFERENCE Geneva, May 2013.

This is an audio-enhanced PowerPoint presentation. To hear the audio, please open this presentation in “Slide Show” view. More Changes Coming to the National.

Consumers & Savers A consumer is anyone who buys goods or services for personal use. Consumer spending is the biggest component of total spending in the.

Managing Your Cash.

Mitigation. Hazard Mitigation is any sustained action taken to reduce or eliminate long-term risk to people and their property from hazards and their.

2012 Hurricane Insurance Update Recharged “Partners in Recovery,” - FEPA Mid-Year Work Session- Sam Miller Florida Insurance Council Executive Vice President.

The Roles of Government and The World Bank Rodney Lester World Bank Istanbul December 8, 2005.

Robin Smith Westcott January 16, 2013 Tallahassee, Florida Senate Banking and Insurance Committee.

Health Care Reform and its Impact on Michigan Janet Olszewski, Director Michigan Department of Community Health Senate Health Policy Committee May 5, 2010.

Senate Bill 408 Senate Bill 408 makes sweeping changes to laws related to property insurance, primarily residential property insurance.

Miss Smith 7 th Grade Civics *pgs  Collateral- property used to guarantee repayment of a loan.

Florida Property Insurance Markets Economic and Financial Update Robert P. Hartwig, Ph.D., CPCU, President Insurance Information Institute  110 William.

North Carolina Emergency Management Floodplain Management Section NC Department of Revenue 2013 Advanced Real Property Seminar Biggert-Waters National.

© Family Economics & Financial Education – Revised April 2008– Saving Unit – Managing Your Cash Funded by a grant from Take Charge America, Inc. to the.

MONEY, BANKING AND THE FED. FUNCTIONS OF MONEY MEDIUM OF EXCHANGE UNIT OF ACCOUNTING STORE OF VALUE.

1 CHAPTER 7 Bond Markets. 2 CHAPTER 7 OVERVIEW This chapter will: A. Provide a background on bonds B. Explain how bond markets are used by institutional.

Florida Catastrophic Storm Risk Management Center.

Board of Governors Federal Reserve Bank Member Banks Federal Open Market Committee (FOMO) Advisory Councils.

Chapter 11 Money and Banking. Barter Economy Coincidence of wants Cumbersome Time-consuming Indivisible.

American Risk and Insurance Association Annual Meeting Jay Fishman Chairman & Chief Executive Officer The Travelers Companies, Inc. August 6, 2007.

Ivan Zelenko Head of Derivatives and Structured Finance

LESSON 7.4 & 7.5 OBJECTIVES BONDS. AFTER STUDYING THIS LESSON YOU WILL BE ABLE TO DO THE FOLLOWING: CALCULATE MARKET PRICE OF BONDS CALCULATE THE TOTAL.

2004 Hurricane Season Recap and Observations May 2005 CAS Meeting.

Output of the U.S. Financial Sector: Measuring the services of banks andinsurance companies Brian C. Moyer Deputy Chief National Income and Wealth Division.

Mitigation Proposals Under Consideration in D.C. May 2010 Mike Cohen Vice President of Government Affairs Renaissance Reinsurance

Residential Construction Mitigation Program State Office of Emergency Management (OEM)

Federal Reserve System. Define The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United.

What is Storm Ready? A “grass roots” program that focuses on improving communication and severe.

Federal Reinsurance for Disasters A Congressional Budget Office Study.

Florida Insurance Conference on Financial Reporting Citizens Property Insurance Corporation Sharon A. Binnun, CPA September 2011.

John Sebree Senior Vice President of Public Policy Flood Insurance Update Florida Senate Banking & Insurance Committee October 8, 2013.

Hampton Hazard Mitigation Loan Program (HMLP) Hampton City Council February 22, 2012.

September 2011 State Board of Administration Florida Hurricane Catastrophe Fund Proposed 2012 Legislation.

FEMA PUBLIC ASSISTANCE - A PRIMER

Health Care Literacy: More Important Than Ever

FEDERAL UPDATES. FEDERAL UPDATES Graham-Cassidy-Heller-Johnson Moves funding for Medicaid expansion, premiums tax credits, and cost-sharing reduction.

Trust: short-term low default paper proceeds interest remaining funds

Money and Banking Chapter 24.

Improving Natural Catastrophe Resiliency: Insurance vs. Intervention

Regulating the Banking Industry

FIN 350 Innovative Education-- snaptutorial.com

Savings Tools Advanced Level.

Regulating the Banking Industry

Understanding The Value Of Insurance

Florida Property Insurance Markets Economic and Financial Update

MONEY, BANKING AND THE FED

Savings Tools Advanced Level.

Suppliers Are Not Providing Value to Individual, Residential Customers

Rising Sea Level Predictions

Presentation transcript:

January 23, 2013 Robin Smith Westcott, Esq. Florida Insurance Consumer Advocate Tallahassee, Florida Senate Banking and Insurance Committee

 ADVISORY COUNCIL  PUBLIC MODEL  DATABASE OF MITIGATION  LEVERAGE OF FEDERAL FLOOD PROGRAM  RESTRUCTURE MITIGATION CREDITS  COMMERCIAL PROPERTIES  MITIGATION PROGRAMS & GRANTS  OUTREACH & EDUCATION

OIRDEM Public Model Office of Insurance Regulation Division of Emergency Management

Hurricane Risk Sinkhole Risk Mitigation Features Insurable Values Rating Information

Broward County Built 1978 Square Foot Purchase Price $163, Purchase Price $216, Purchase Price $185, Market Value $163,840 Insurance Coverage A Limit $224,600 - Premium $2,420

 For every $1.00 spent on reinsurance and Cat bonds the expected recovery is.16 cents.  For every $1.00 spent on mitigation the expected loss savings is $2.00.