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Mitigation Proposals Under Consideration in D.C.

In May 2010, Mike Cohen, VP of Government Affairs at Renaissance Reinsurance, discussed key mitigation proposals under consideration in Washington D.C. Highlighting the principle that “a dollar spent on mitigation saves society an average of $4,” he emphasizes the importance of proactive investment in disaster preparedness. Key proposals include the Home Star and Weatherization legislation, along with the Disaster Response, Recovery, and Mitigation Enhancement Act of 2009. The discussion also reflects a collaborative effort among over 30 advocacy groups dedicated to promoting risk mitigation and responsible insurance practices.

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Mitigation Proposals Under Consideration in D.C.

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  1. Mitigation Proposals Under Consideration in D.C. May 2010 Mike Cohen Vice President of Government Affairs Renaissance Reinsurance michael.cohen@renre.com

  2. Mitigation…Begins Before the Storm “A dollar spent on mitigation saves society an average of $4.” - The Multihazard Mitigation Council

  3. Major Mitigation Proposals Under Consideration in D.C. • Home Star • S. 2818, Weatherization Legislation • H.R. 3377, Disaster Response, Recovery, and Mitigation Enhancement Act of 2009 • Rep. Thompson Mitigation Package For Discussion Purposes Only Please Refer to the Disclaimers on P.2

  4. SmarterSafer.org • Leading advocacy group for mitigation • Over 30 member organizations including • Environmentalists • Emergency Management groups • Conservative Advocacy and Taxpayer groups • Insurers, including each reinsurance trade group • Committed to promoting mitigation, NFIP reform, and promoting responsible insurance policy that include actuarial rates. For Discussion Purposes Only Please Refer to the Disclaimers on P.2

  5. Committing Resources to Risk Mitigation

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