As extreme weather events grow more frequent and severe, the insurance industry faces mounting pressures that threaten both financial stability and community resilience. Rising premiums and insurer withdrawals leave millions, especially lower-income households, without coverage. Implementing adaptation and resilience projects can mitigate future risk, but state and local governments are challenged by the lack of funding sources, leaving the future uncertain. This session will explore how extreme weather risk is reshaping insurance markets, the state and local policy responses needed to address these challenges, and the importance of collaboration across government, industry, and communities to ensure insurance remains a viable, accessible resource and a driver of resilience.
Learning Objectives:
- Insurance as Risk Management and Financial Catalyst – Examine insurance’s role in protecting communities and enabling financing, with a focus on state and local partnerships.
- Policy and Governance Under Climate Threat – Assess how extreme weather impacts and federal-to-local shifts are straining insurance markets, and explore state and local policy and legislative reforms to sustain them.
- Equity and Local Resilience – Identify barriers for underserved communities to access affordable coverage and highlight collaborative, locally driven strategies to build resilience.
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