Reinsurance News

RAA endorses Resilient America Act for natural disasters

29th October 2021 - Author: Matt Sheehan

The Reinsurance Association of America (RAA) has voiced its support for the introduction of the Resilient America Act, which aims to enhance community and system resilience in the face of rising natural disasters.

Reinsurance Association of AmericaThe Act is intended to improve the provision of federal resources to help build capacity and fund risk-reducing, cost-effective mitigation projects.

The bipartisan legislation was introduced by House Transportation and Infrastructure Committee Chairman Peter DeFazio, Ranking Member Sam Graves, and Representatives Dina Titus and Daniel Webster.

“Resilient AMERICA is another milestone for mitigation and resilience,” said Frank Nutter, president of the RAA. “Disaster mitigation policy benefits all Americans and communities across the U.S. to protect against the increasingly costly and devastating impacts of flood, wildfire and other catastrophic risks before disaster strikes.”

Nutter continued: “Resilient AMERICA will build on legislation already enacted that provides grant programs, incentives, and infrastructure provisions to help Americans better protect their communities and spend tax dollars more wisely. We look forward to working with Members of Congress to move this legislation forward.”

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