Florida Catastrophic Storm Risk Management Center
CONFERENCES & EVENTS
2010
June 23 - Property Insurance Trends, Capacity and Regulatory Developments (presented with The National Alliance for Insurance Education & Research)
Presentations:
Industry Performance Trends – Charles Nyce, Ph.D., Associate Director, and Lori Schneider, Ph.D., Associate Director, The Florida Catastrophic Storm Risk Management Center
Explaining Florida’s Mitigation Credits – Pat Maroney, Director, The Florida Catastrophic Storm Risk Management Center
2010 Florida Property Insurance Legislative Report – Fred Karlinsky, Esq. Colodny, Fass, Talenfeld, Karlinsky, Abate. P.A.
Decision Support Services – Mike Mintor, Insight Catastrophe Group
Coastal Construction: Issues, Codes, Compliance, Costs – John Minor, President, Complete General Contractors, Inc., and William Bracken, Bracken Engineering
April 1 - Presentation for the National Hurricane Conference
Charles Nyce, Ph.D., Associate Director, The Florida Catastrophic Storm Risk Management Center, discussed "The Capacity of Insurers to Pay Catastrophe Claims" at the National Hurricane Conference in Orlando, Fla.
Feb. 25 - Presentation to Associated Industries of Florida
Pat Maroney, Director, The Florida Catastrophic Storm Risk Management Center, discussed post-loss assessments at a meeting of the Associated Industries of Florida.
Jan. 14 - Presentation to the Appropriations Committee of the Florida House of Representatives
Pat Maroney, Director, The Florida Catastrophic Storm Risk Management Center, discussed home mitigation credits and gave an update on the Center's activities.
Jan. 5 - Presentation for the Western Risk and Insurance Association
Pat Maroney, Director, The Florida Catastrophic Storm Risk Management Center, discussed mitigation credits at the Western Risk and Insurance Association annual meeting.
2009
Nov. 12 - Financial Ratings Agencies, Rating Standards for CAT Risk Headline Storm Center Symposium
Cassandra Cole, Ph.D., Associate Professor of Risk Management and Insurance and Waters Fellow in Risk Management and Insurance, Florida State University; and Kathleen McCullough, Ph.D., Associate Professor and the State Farm Insurance Companies Professor in Risk Management and Insurance, Florida State University, presented their paper entitled "Analysis of Financial Ratings Agencies." The research included an analysis of Demotech to provide a better understanding of the Demotech rating process and its relation to other rating firms. In addition, Anastasia Kartasheva, Ph.D., Assistant Professor of Insurance and Risk Management, The Wharton School, University of Pennsylvania, presented her paper "Rating Standards for CAT Risks." Her research analyzed how the changes of capital requirements after Hurricane Katrina have affected capital allocation of insurance companies.
Oct. 26 - Presentation at Fudan University, Shanghai
Storm Center Affiliated Faculty Member Patricia Born, Ph.D., presented her research entitled "Property Insurers' Reponses to Catastrophic Events: A Comparison of Personal and Commercial Lines" to the insurance and economics faculty.
Sept. 22 - Herding Cats - The Growing Challenges of Catastrophe Risks (Society of Insurance Research Conference)
Agenda
Presentations:
Property Insurance in Florida: Price Accuracy (Charles Nyce, Ph.D., Associate Director, Florida Catastrophic Storm Risk Management Center)
The Availability and Capacity of Private Capital for Florida Catastrophic Storm Funding (Lori Schneider, Ph.D., Associate Director, Florida Catastrophic Storm Risk Management Center)
Insurance Market Reponse to the Output of Catastrophic Models (Patricia Born, Associate Professor, The Florida State University College of Business
Developing an Innovative, Computer-based Approach to Test the Effectiveness of Alternative Methods for Encouraging Mitigation (Robert Meyer, Ph.D., Warren Johnson Professor of Marketing, School of Business, University of Miami)
Determining Wind and Surge Losses (John G. Minor, President, Complete General Contractors, Inc.)
Florida Hurricane Trends and Damage Costs (James Elsner, Ph.D., Shaw Professor of Geography, College of Social Sciences, Florida State University)
June 11 Presentation to the Florida Hurricane Catastrophe Fund's Participating Insurers Workshop
Storm Center Director Pat Maroney and Associate Director Chuck Nyce presented an overview of the Center's activities as well as research findings on subsidies in Florida's property insurance market. View their slideshow here.
May 15 Storm Center Symposium Presentations
Agenda Speaker Bios
Presentations at this symposium included an update on recently passed legislation related to homeowners insurance, and research updates on subsidies in Florida's property insurance market and capital market capacity to fund catastrophe risk. Other topics discussed included new information on Florida hurricane trends and damage costs, insurance market responses to catastrophe models, and a new scale for rating hurricanes. Our speakers' slideshow presentations can be accessed below. Video of Symposium Presentations (taping began after the start of symposium - times provided below for specific presentations if video available)
Florida Hurricanes, Trends and Damage Costs - (video not available) James Elsner, Ph.D., Shaw Professor of Geography, Department of Geography, College of Social Sciences, Florida State University. Related paper.
Preparing Public Libaries to Meet Hurricane Challenges - (video available at 00:13) Chris Hinnant, Ph.D., Assistant Director, Information Institute, College of Information, Florida State University.
Legislative Update - (video available at 00:30) Katherine Scott Webb, Partner, Colodny, Fass, Talenfeld, Karlinsky, Abate.
Insurance Market Response to the Output of Catastrophic Models - (video available at 01:07) Patty Born, Ph.D., Associate Professor, Department of Risk Management/Insurance, Real Estate and Business Law, The College of Business, Florida State University.
A New Hurricane Rating Scale Based on Kinetic Energy - (video available at 01:34) Mark Powell, Ph.D., Meteorologist, NOAA Atlantic Oceanographic and Meteorological Laboratories, Hurricane Research Division, Center for Ocean-Atmospheric Predictions Studies, Florida State University.
Subsidies in the Florida Property Insurance Market - (video available at 02:06) Charles Nyce, Ph.D., Associate Director, Florida Catastrophic Storm Risk Management Center, Florida State University. Related papers.
Accessing Capital for Catastrophic Storm Funding: The Role of the Private Capital Markets - (video available at 02:47) Lori Schneider, Ph.D., Associate Director, Florida Catastrophic Storm Risk Management Center, Florida State University.
April 23 Presentation on Evidence on Flood Insurance Purchases in Florida
Erwann Michel-Kerjan of the Wharton School, University of Pennsylvania, provided a detailed analysis of the largest flood insurance sample every studied. View Dr. Michel-Kerjan's slide presentation. See a summary of the paper.
April 9 Storm Center Presentation to Tallahassee Business Leaders About Property Insurance Issues
Storm Center Associate Director Charles Nyce spoke April 9 to representatives of the Tallahassee area business community at the Associated Industries of Florida along with former State Representative Don Brown. Issues discussed included the solvency of Citizens Property Insurance Corporation and the Florida Hurricane Catastrophe Fund and potential solutions to Florida's property insurance issues. View Dr. Nyce's slide presentation.
2008
Oct. 24 Speaker Series Featured Hurricane Simulation, Risk Management Innovation
Our Fall Speaker Series featured the following presentations:
Dr. Forrest Masters, Assistant Professor of Civil and Coastal Engineering, University of Florida
The aftermath of US landfalling hurricanes has shown the devastating effects of wind and wind-driven rain on homes and other structures. University of Florida Civil Engineer and Assistant Professor Forrest Masters discussed cutting-edge research underway that can help us understand how wind and water damage occurs by simulating in a laboratory the actual dynamics of hurricane-force wind and wind-driven rain on low-rise residential construction. Prof. Masters talked about UF's 2800 hp Hurricane Simulator as well as the Florida Coastal Monitoring Program. Watch Dr. Masters' presentation.
Mr. Steve Wilder, Vice President of Risk Management, The Walt Disney Company
In 2005 The Walt Disney Company was facing rising property insurance costs for their Florida properties. Steve Wilder, Vice President of Risk Management for The Walt Disney Company and Florida State University College of Business Alum (M.S. in Risk Management) believed the company's properties were more hurricane-resistant than rates reflected and set out to prove it. In his presentation he discussed the intensive project he headed, which resulted in lower rates for the company and is an example of why Mr. Wilder has often been recognized for his creative use of insurance programs to transfer risk. Watch Mr. Wilder's presentation.
Other Past Events
Florida Catastrophic Storm Risk Management Center Symposium
June 19, 2008, Disney’s Coronado Springs Resort, Orlando, Fla.
Loss modeling, mitigation, and federal catastrophe insurance were the topics for the Center’s June 19 Symposium. The symposium, was part of the Florida Hurricane Catastrophe Fund 2008 Participating Insurers Workshop.
- View the presentations: Loss Modeling by Mark Johnson and Martin Simons; Federal Role in Natural Catastrophe Insurance and Mitigation first presentation by Patrick S. Dynes, second presentation by Andy Finkel; Wind Loss Mitigation by Larry Twisdale; Strengthening Homes and Reducing Exposure Through My Safe Florida Home by Tami Torres.
- View the reports: Natural Disasters: Public Policy Options for Changing the Federal Role in Natural Catastrophe Insurance (Government Accountability Office); Natural Hazards Mitigation (Government Accountability Office).
Florida Catastrophic Storm Risk Management Center Speaker Series
March 6, 2008, FSU College of Business
The speaker series featured distinguished risk management faculty from the Wharton School of the University of Pennsylvania. The more than 70 attendees included representatives from the Florida Hurricane Catastrophe Fund, the Office of Insurance Regulation, the insurance and reinsurance industries; as well as faculty from the University of Miami, and faculty and students from FSU. Presentations included a discussion of the paper Managing Large-Scale Risks in a New Era of Catastrophes. Watch the presentation on the paper by Howard Kunreuther and Dr. Erwann Michel-Kerjan. Also, view Why We Underprepare for Hazards, a presentation by Robert Meyer.
Annual Report
Newsletters
January-February 2010 Storm Center Brief (PDF)
October-November 2009 Storm Center Brief (PDF)
August-September 2009 Storm Center Brief (PDF)
May-June 2009 Storm Center Brief (PDF)
March-April 2009 Storm Center Brief (PDF)
January-February 2009 Storm Center Brief (PDF)
November-December 2008 Storm Center Brief (PDF)
October 2008 Storm Center Brief (PDF)
August-September 2008 Storm Center Brief (PDF)