Roy Wright News

Not All Homes in Wildfire Zones Are Uninsurable. Here’s How Insurers Can Tell.

Fire-risk scores now used by insurance underwriters can sometimes can make it challenging for homeowners to find coverage. Zesty.ai, a California insurtech start-up, is among a handful of firms working to fine-tune fire-risk scores so that some homeowners have a …

How Homes Are Being Built, Raised to Withstand Extreme Weather

Breezy Point is beautiful in the summertime, a quaint neighborhood sitting on a slim peninsula that juts out into the Atlantic just south of New York City. In a storm, though, that dreamy setting can become a nightmare. Breezy Point …

Burning Down a House to Show How to Build for Wildfire Defense

After only a year into his job as CEO and president of the Insurance Institute for Business and Home Safety, Roy Wright is setting the place on fire. The IBHS conducted a demonstration in early March simulating an active wildfire …

Assessing Effects of Government Shutdown on Wildfires, Workforce, Research

The government may be reopening, but the consequences of the longest federal shutdown in U.S. history are likely to linger for national parks, forests, the federal workforce and cutting-edge scientific research. Some may even be permanent. Many fire crews missed …

Latest Storms May Finally Shift Focus to Disaster Mitigation by Local Communities

Hurricane Michael’s devastation could spur policymakers to better prepare vulnerable communities for the effects of climate change. The images of entire towns in Florida’s panhandle all but erased by storm surges, as well as accounts of bodies pulled from shattered …

Hurricane-Proof Home Building Available But Pricey, Slow to Be Adopted

In a private waterfront resort on the northern tip of Key Largo, nestled between tropical forest and the Caribbean, Eric Soulavy is marketing luxury for the age of climate change: Coastal homes that are all but hurricane proof. The Florida-based …

Wright Leaving FEMA to Head IBHS, Succeeding Rochman

The Insurance Institute for Business & Home Safety (IBHS) announced that Roy E. Wright has been selected as the next president and chief executive officer of the organization, succeeding Julie Rochman who is retiring after more than 10 years at …

FEMA to Issue First Catastrophe Bond for Flood Insurance Program

In another step shifting risk to private markets, the Federal Emergency Management Agency (FEMA) said it intends to secure additional reinsurance for the National Flood Insurance Program (NFIP) through issuance of a catastrophe bond. FEMA began purchasing private reinsurance in …

FEMA Expands Flood Reinsurance Program with Private Reinsurers for 2018

The Federal Emergency Management Agency (FEMA) has completed a reinsurance placement with 28 private reinsurers to help the National Flood Insurance Program (NFIP) recover losses it may have to pay in 2018. Expanding on its first private reinsurance placement last …

Hey Congress, Hurricanes and Health Care Have a Lot in Common: Bloomberg View

As Congress continues to struggle with health insurance reform, members should be ruminating on the scenes of “recovery” beaming in from East Texas and Florida, where the majority of households — many now severely damaged or destroyed — had not …