13. Change the Conversation
Make it PersonalWhat Will Sea Level Rise Do in My Children’s/Grandchildren’s
Life?
Make it Local, Make it RealWhat Is Sea Level Rise Already Doing to my Community/To
Me?
* How Many Times Have I Had to Change My Commute in the
Last Year?
* Is it Just My Imagination or Are the Storms Getting Worse?
“Life Cycle Costing” or “Total Ownership Cost”What Will Sea Level Rise Cost Me Over my Lifetime/Over my
Business Horizon/During the time I Own My House?
14. Use Local Examples of Change
Fire Ant infestations
have closed parks in
SE Virginia, starting in
2011.
Before then, Fire Ants
could not survive the
winters this far north.
23. We Still Faced The Challenge of Asymmetry
IN FIFTY YEARS,
WE WILL HAVE AVOIDED COSTS
FROM SEA LEVEL RISE
FOREGO FINANCIAL GAIN/
PROPERTY TAX
ON SHORELINE PROPERTY
DEVELOPMENT
TODAY Policy/M
arketing
Challenge
Policy/M
arketing
Challenge
Time to Impact
ScaleofImpact
Week Month Year Decade Century
Region
Nation
State/Province
Community
Individual
24. Homeowners Insurance Changes
Allstate's 'Good Hands' Wave 'Bye Bye'
CHICAGO, Dec. 21, 2006
(AP) Wary of the rising risk of hurricanes, Allstate Corp. has added coastal regions of North and South
Carolina, Alabama, Maryland and Virginia to the growing list of areas nationwide where it is cutting back
homeowners insurance coverage.
Sea Change In Insurers' Coastal Coverage
Many Firms Opt to End Or Limit New Policies
By Sandra Fleishman
Special to The Washington Post
Saturday, December 30, 2006; F01
Major insurance companies are throwing cold water on America's new passion
for living near the ocean and by the bay.
Recently, the biggest companies in the homeowners insurance business
announced that they will stop writing new policies in some coastal areas of the
mid-Atlantic and will otherwise limit coverage there. They have already reduced
their coverage in states more prone to hurricanes.
From the Baltimore Sun
Insurers shrink from coasts
Legislators here, elsewhere aim to help
homeowners as industry fears growing risk
By Laura Smitherman
Sun reporter
February 18, 2007
As insurance companies retreat from their coverage
of coastal areas along the Eastern Seaboard,
legislators in Annapolis and other state capitals are
stepping in to protect homeowners faced with fewer
and fewer options.
Concerns brought up about
possible
impending insurance crisis
by Sherry Hamilton
Speaking at the May 22
meeting of the Mathews
Board of Supervisors,
Gwynn’s Island resident
Judy Rowe warned of an
impending insurance crisis
in the county.
25. An Opening for Adaptation?
• Post-Katrina Lawsuits
• Recession
• Increased Storm Cycle
in Mid-Atlantic
• More Sophisticated
Underwriting,
Geocoding, Personal
Information
26. Flood Insurance Changes Pricing Risk Into
Coastal Communities
NFIP Reforms will affect tidal localities:
•Phase out subsidies
•Phase out grandfathering
•Return to “actuarial soundness”
•Study inclusion of Sea Level Rise in
future rate maps
27. NFIP: Flood Insurance Reforms
Average Rate Increase = 20%
Maximum Rate Increase = 37%
28. The NFIP Community Rating System
Saving Money and Shorelines
• Voluntary NFIP program offers discounts on
flood insurance to reward good floodplain
management within a community
• Various activities to
improve floodplain
management/earn credit
• Open space, shoreline restoration, wetlands
creation, etc. gain points/reduce flood
insurance premiums!
32. TAKE EXTRA FLOOD PROTECTION
MEASURES AND CREATE MORE
OPEN SPACE
IN FLOOD PLAINS TODAY
Closing The Time/Cost Gap
GET LOWER FLOOD INSURANCE
RATES AND KEEP LOWER
MUNICIPAL BOND COSTS TODAY
Time to Impact
ScaleofImpact
Week Month Year Decade Century
Region
Nation
State/Province
Community
Individual
33. RESILIENCY DESIGN – NEED AND OPPORTUNITY
$200 + million sought by
Hampton Roads - HUD National
Disaster Resiliency Competition
– Oct, 2015 Submission
34. Who else is interested in paying for
information on flooding?
35. WHAT WE CAN “SELL” AGAIN
Save Virginia’s Wetlands From Climate Change
Shannon: WHAT DOES THIS MEAN. To Keep it simple, the average rate increase….so this year when policyholders get their bill in the mail, their rates will be higher on average by 20% than they were last year. They may be more or they may be less, BUT the maximum PREMIUM increase is capped at 18% or 25% depending on the type of policy. Only premiums, not including additional fees. Increases are property specific and there are many factors that go into determining increases. This is a generalization.
500 credit points
NFIP participation for 1 year
Full compliance with minimum NFIP regulations
Maintain elevation certificates (new construction)
Meet repetitive loss criteria: info gathering, outreach, mitigation plan, mapping (part of hazmit plan)
Flood insurance for locality-owned property in SFHA
Show LiMWA line on new FIRMs
This series of pictures illustrates another point of interest. In the first frame, the “trouble” designation is given with a descriptor for tidal flooding. In the second frame, during one of the peregian high tides, the outline of the flooding is apparent. In the final frame, the extent of the flooding is illustrated – the glare off the car shows this is a sunny day and the flooding is, indeed, wholly due to tidal flooding.
The Apartment building knows it floods and has installed signs that look like adaptation until you break down what is actually going on. Who declares “flooding” is happening? Does the city with its inadequate warning app? Does the apartment management? And who contacts the folks who have left their cars in the lot while they are overseas on temporary work in Bharain (remember Norfolk is a military town)?
Who might be interested in a phone app that pushes a specific warning message to auto owners??? The insurers, of course. And they would be willing to support this system if it saves them claims.
