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ICYMI: 2018 Needs to Be the Year Congress Changes the Way We Respond to Natural Disasters

Contact: Marguerite Seidel
(202) 828-7196

By Tom Santos

After a record year of natural catastrophes, Congress is considering an additional $80 billion in disaster aid in response. If approved, this would bring the total supplemental disaster spending for the year to more than $132 billion — including wildfire relief and National Flood Insurance Program (NFIP) debt forgiveness. For context, this amount is more than double what was allocated for the deadly and destructive Hurricane Sandy in 2013. 

Fiscally, it is no secret that we cannot afford to continue down this path. As a nation, we need to rethink the way we address natural catastrophes. With the imminent need to reauthorize the flood insurance program, we urge lawmakers to use this opportunity as the catalyst for serious natural catastrophe reforms in 2018.

To read the full op-ed, click here.

 

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The American Insurance Association (AIA) is the trade association for today’s leaders in the property-casualty insurance industry. Our members work each day to protect the American Dream, whether that’s a house, car, business or otherwise. Now more than 150 years old, AIA has an unparalleled record of advocating on state, federal and international issues for insurers and their customers. 

Our membership is comprised of more than 330 companies, collectively writing more than $134 billion in premiums each year.

We have the experience of a veteran organization coupled with the innovative ideas that drive our industry forward. AIA is leading the insurance industry into the second half of the 21st Century… today.


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Media Contacts

Maggie Seidel
VICE PRESIDENT, PUBLIC AFFAIRS
(202) 828-7196
mseidel@aiadc.org

Rachel Wallen
PUBLIC AFFAIRS MANAGER
(202) 828-7149
rwallen@aiadc.org

 

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