QBE North America Foundation Provides Funding for InnSure Home Resilience Audit Pilot Program to Address Flood Risk
QBE North America Foundation has partnered with nonprofit InnSure and the City of Salem, Massachusetts, to launch a pilot program addressing climate-driven flood risks. The initiative, starting February 11, 2025, will implement home resilience audits and community-embedded insurance solutions to recognize and reward climate adaptation efforts.
Salem was selected as the pilot site due to its significant exposure to coastal, riverine, and flash flooding risks. The program will develop a no-cost home flood resilience assessment program, aiming to enhance flood mitigation efforts, strengthen community resilience, and expand insurance access to underserved areas.
The initiative seeks to reduce retained loss costs, response and recovery expenses, and infrastructure spending, potentially lessening the financial burden on governments and taxpayers following climate-related disasters. The program may later expand to address other hazards such as wind damage.
La Fondazione QBE North America ha collaborato con l'organizzazione no-profit InnSure e con la città di Salem, Massachusetts, per lanciare un programma pilota che affronta i rischi di alluvioni provocati dai cambiamenti climatici. L'iniziativa, che avrà inizio il 11 febbraio 2025, implementerà audit di resilienza abitativa e soluzioni assicurative integrate nella comunità per riconoscere e premiare gli sforzi di adattamento climatico.
Salem è stata selezionata come sede del programma pilota a causa della sua notevole esposizione ai rischi di alluvioni costiere, fluviali e improvvise. Il programma svilupperà un programma di valutazione della resilienza alle alluvioni domestiche senza costi, con l'obiettivo di migliorare gli sforzi di mitigazione delle inondazioni, rafforzare la resilienza della comunità e ampliare l'accesso all'assicurazione nelle aree svantaggiate.
L'iniziativa mira a ridurre i costi delle perdite, le spese per la risposta e il recupero e le spese per le infrastrutture, con il potenziale di alleviare il carico finanziario sui governi e sui contribuenti dopo i disastri legati al clima. Il programma potrebbe in futuro ampliarsi per affrontare altri pericoli come i danni da vento.
La Fundación QBE North America se ha asociado con la organización sin fines de lucro InnSure y la Ciudad de Salem, Massachusetts, para lanzar un programa piloto que aborda los riesgos de inundaciones impulsados por el clima. La iniciativa, que comenzará el 11 de febrero de 2025, llevará a cabo auditorías de resiliencia en los hogares y soluciones de seguros integradas en la comunidad para reconocer y recompensar los esfuerzos de adaptación climática.
Salem fue seleccionada como el sitio piloto debido a su significativa exposición a riesgos de inundaciones costeras, fluviales y repentinas. El programa desarrollará un programa de evaluación de resiliencia a inundaciones en el hogar sin costo alguno, con el objetivo de mejorar los esfuerzos de mitigación de inundaciones, fortalecer la resiliencia comunitaria y ampliar el acceso a seguros en áreas desatendidas.
La iniciativa busca reducir los costos de pérdidas retenidas, los gastos de respuesta y recuperación, y los gastos de infraestructura, aliviando potencialmente la carga financiera sobre los gobiernos y los contribuyentes después de desastres relacionados con el clima. Más adelante, el programa podrá expandirse para abordar otros peligros, como los daños por viento.
QBE 북미 재단은 비영리 단체 InnSure 및 매사추세츠주 세일럼 시와 협력하여 기후 변화로 인한 홍수 위험을 해결하는 파일럿 프로그램을 시작합니다. 이 이니셔티브는 2025년 2월 11일에 시작되며, 주택 탄력성 감사 및 지역사회 밀착형 보험 솔루션을 구현하여 기후 적응 노력을 인식하고 보상하는 데 중점을 둡니다.
세일럼은 해안, 강, 돌발 홍수 위험에 대한 상당한 노출로 인해 파일럿 사이트로 선정되었습니다. 이 프로그램은 비용이 전혀 없는 주택 홍수 탄력성 평가 프로그램을 개발하여 홍수 완화 노력을 강화하고 지역사회의 탄력성을 높이며 취약 지역에 대한 보험 접근성을 확대하는 것을 목표로 합니다.
이 이니셔티브는 유지된 손실 비용, 대응 및 복구 비용, 그리고 인프라 지출을 줄이는 것을 목표로 하고 있어 기후 관련 재해 이후 정부 및 납세자에게 재정적 부담을 덜어줄 수 있습니다. 추후 이 프로그램은 바람 피해 등 다른 위험도 다룰 수 있도록 확장될 수 있습니다.
La Fondation QBE North America s'est associée à l'organisation à but non lucratif InnSure et à la ville de Salem, Massachusetts, pour lancer un programme pilote abordant les risques d'inondations liés au climat. L'initiative, qui commencera le 11 février 2025, mettra en œuvre des audits de résilience des maisons et des solutions d'assurance intégrées à la communauté pour reconnaître et récompenser les efforts d'adaptation climatique.
Salem a été choisie comme site pilote en raison de son exposition significative aux risques d'inondations côtières, fluviales et soudaines. Le programme développera un programme d'évaluation de la résilience aux inondations sans frais pour les ménages, avec pour objectif d'améliorer les efforts de réduction des inondations, de renforcer la résilience communautaire et d'élargir l'accès à l'assurance dans les zones mal desservies.
L'initiative vise à réduire les coûts liés aux pertes conservées, aux dépenses de réponse et de relance, et aux dépenses d'infrastructure, allégeant potentiellement le fardeau financier des gouvernements et des contribuables après des catastrophes liées au climat. Le programme pourrait par la suite s'étendre pour aborder d'autres dangers tels que les dommages causés par le vent.
Die QBE North America Foundation hat mit der gemeinnützigen Organisation InnSure und der Stadt Salem, Massachusetts, eine Partnerschaft geschlossen, um ein Pilotprogramm zur Bewältigung der durch den Klimawandel bedingten Hochwassergefahren zu starten. Die Initiative, die am 11. Februar 2025 beginnt, wird Hausresilienz-Audits und gemeindeintegrierte Versicherungslösungen implementieren, um die Bemühungen um Klimaanpassung zu erkennen und zu belohnen.
Salem wurde aufgrund seiner erheblichen Exposition gegenüber Küsten-, Fluss- und Blitzflut-Risiken als Pilotstandort ausgewählt. Das Programm wird ein kostenfreies Programm zur Bewertung der Hochwasserresilienz von Wohnhäusern entwickeln, mit dem Ziel, die Hochwasserminderungsmaßnahmen zu verbessern, die Resilienz der Gemeinschaft zu stärken und den Zugang zu Versicherungen in unterversorgten Gebieten auszubauen.
Die Initiative zielt darauf ab, die Kosten für verbuchte Verluste, die Ausgaben für Reaktion und Wiederherstellung sowie die Infrastrukturkosten zu senken, was potenziell die finanzielle Belastung für Regierungen und Steuerzahler nach klimabedingten Katastrophen verringern könnte. Das Programm könnte später auch auf andere Gefahren wie Windschäden ausgeweitet werden.
- None.
- None.
The pilot program will leverage insurance industry expertise to develop and execute actionable work plans. These plans include home resilience audits and a community-embedded insurance solution designed to recognize and reward climate adaptation efforts at both the household and community levels.
"As climate change accelerates extreme weather patterns and the natural catastrophe insurance protection gap in
The
This initiative also aims to reduce retained loss costs, response and recovery expenses, and infrastructure spending, which can lessen the financial impact on governments and taxpayers following climate-related disasters. Additionally, the program may later expand to address other hazards such as wind damage.
"At QBE, we are committed to helping create strong, resilient and inclusive communities," said Julie Wood, CEO, QBE North America. "We recognize the important role insurance plays in supporting communities to build resilience and mitigate against climate risk."
The pilot program officially began on February 11, 2025.
About QBE North America
QBE North America is a global insurance leader helping customers solve unique risks, so they can stay focused on their future. Part of QBE Insurance Group Limited, QBE North America reported Gross Written Premiums in 2023 of
About InnSure
InnSure is a nonprofit innovation hub with a mission to catalyze novel insurance solutions to address climate risk challenges and accelerate energy transition risk financing. Through a comprehensive set of tools and offerings, including ecosystem development and engagement consulting support services, insurability planning and demonstration projects, and incubation and acceleration programs, InnSure brings together innovators from inside and outside of the insurance industry to contribute to a systemic rethinking of how insurance is financed and delivered. To learn more, visit https://innsure.org or follow InnSure on LinkedIn.
View original content to download multimedia:https://www.prnewswire.com/news-releases/qbe-north-america-foundation-provides-funding-for-innsure-home-resilience-audit-pilot-program-to-address-flood-risk-302373684.html
SOURCE QBE North America
FAQ
What is the purpose of QBE's flood resilience pilot program in Salem, Massachusetts?
When will Salem's no-cost home flood resilience assessment program begin?
Why was Salem, Massachusetts chosen for QBE's flood resilience pilot program?
What are the expected financial benefits of QBE's flood resilience program?
Will QBE's flood resilience program expand beyond flood protection?
