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PRODID:-//ChamberMaster//Event Calendar 2.0//EN
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BEGIN:VEVENT
DTSTART:20250929T230000Z
DTEND:20250930T003000Z
X-MICROSOFT-CDO-ALLDAYEVENT:FALSE
SUMMARY:When Insurance Markets Fail: Community Solutions for Climate-Threatened Homeowners
DESCRIPTION:In 2024\, natural disasters caused $320 billion in global losses\, yet only $140 billion was insured revealing a growing "protection gap." With Massachusetts now ranking fifth in the nation for homeowner policy non-renewals\, innovative solutions are urgently needed. Charlie Sidoti\, Executive Director of InnSure\, will discuss emerging insurance models\, including a flood resilience pilot launching later this year in Salem\, MA. His talk will cover the current state of climate-driven insurance disruption\, explain how residual insurance programs function as markets of last resort\, and explore practical steps homeowners and municipalities can take to reduce flood risk. Salem's pilot program may offer a model for other coastal communities facing similar challenges.
X-ALT-DESC;FMTTYPE=text/html:In 2024\, natural disasters caused $320 billion in global losses\, yet only $140 billion was insured&mdash\;revealing a growing &ldquo\;protection gap.&rdquo\; With Massachusetts now ranking fifth in the nation for homeowner policy non-renewals\, innovative solutions are urgently needed. Charlie Sidoti\, Executive Director of InnSure\, will discuss emerging insurance models\, including a flood resilience pilot launching later this year in Salem\, MA. His talk will cover the current state of climate-driven insurance disruption\, explain how residual insurance programs function as markets of last resort\, and explore practical steps homeowners and municipalities can take to reduce flood risk. Salem&rsquo\;s pilot program may offer a model for other coastal communities facing similar challenges.
LOCATION:Newburyport Senior/Community Center\, 331 High Street\, Newburyport MA
UID:e.1189.160817
SEQUENCE:3
DTSTAMP:20260510T164631Z
URL:https://business.newburyportchamber.org/events/details/when-insurance-markets-fail-community-solutions-for-climate-threatened-homeowners-160817
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