Description

The Changing Climate of Risk

Historically, insurers looked to past events to determine the risk of future damage occurring. Climate change, however, has challenged that standard and insurers are shifting toward using models of future risk to inform premium pricing. In NJ, there have been more than 50 flooding events in every County since 1996, and 2023 was the busiest year for wildfires in over 20 years. With extreme weather being one of the top risks affecting home and commercial properties, how is the insurance market responding? What are the mitigating factors and true resiliency measures that can be taken?

Christine O’Brien, Moderator
President, ICNJ

Dave Snyder, Panelist
Vice President & Counsel, APCIA

Fireside Chat with NJ State Senator Nellie Pou

Senator Pou will join Gary La Spisa, Vice President of the ICNJ, to discuss legislative priorities for the 2024-25 legislative session. As Chair of the Senate Commerce Committee and Majority Caucus Chair, Senator Pou has her pulse on what’s important to legislative leadership, NJ voters and the insurance industry.

Senator Nellie Pou
Legislative District 35
Chair, Senate Commerce Committee
Majority Caucus Chair

Gary La Spisa
Vice President, ICNJ