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

2 “A dollar spent on mitigation saves society an average of $4.” - The Multihazard Mitigation Council Mitigation…Begins Before the Storm

Major Mitigation Proposals Under Consideration in D.C. Home Star S. 2818, Weatherization Legislation H.R. 3377, Disaster Response, Recovery, and Mitigation Enhancement Act of 2009 Rep. Thompson Mitigation Package 3 For Discussion Purposes Only Please Refer to the Disclaimers on P.2

SmarterSafer.org 4 For Discussion Purposes Only Please Refer to the Disclaimers on P.2 Leading advocacy group for mitigation Over 30 member organizations including –Environmentalists –Emergency Management groups –Conservative Advocacy and Taxpayer groups –Insurers, including each reinsurance trade group Committed to promoting mitigation, NFIP reform, and promoting responsible insurance policy that include actuarial rates.

Committing Resources to Risk Mitigation 5