RMS Becomes Partner in Climate Change Initiative

May 22, 2008

Newark, Calif.-based Risk Management Solutions (RMS) has become a partner in the Resilient Coasts Initiative, a collaboration led by Ceres and the Heinz Center. RMS will contribute technical expertise on climate-driven catastrophe risk and adaptation modeling.

The Resilient Coasts Initiative is a collaboration between private and public sector groups to address the need for climate adaptation in the coastal regions of the United States. The goal of the initiative is to develop public policy and private market solutions to help protect coastal communities from rising sea levels and other potentially damaging consequences of climate change.

“It is vital that coastal communities continue to be protected in the face of rising hazard. The Resilient Coasts Initiative will focus key players in government, insurance, finance, and the building industry on creating a blueprint for action supported at the highest level within
these sectors,” commented Dr. Celine Herweijer, director of the RMS Climate Change Practice.

She added, “Coastal communities and habitats face critical risks from climate change, including more extreme storms, sea-level rise, erosion, and flooding. Compounded by rapid population growth, trillions of dollars in coastal real estate assets from Texas to Maine, and more than half of the U.S. population living along the coastline, the scale of these risks demands forward-thinking strategies and policies from the private and public sectors to reduce climate change impacts along the coasts.”;

Over the next 12 months, the Resilient Coasts Initiative will work to identify policy and market-based solutions that may include initiatives to: limit new development in the most vulnerable areas; strengthen and upgrade existing buildings to prevent further losses; and promote infrastructure investments that will help communities adapt to sea level rise.

For more information, visit www.rms.com.

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