4.2 Using Observations to Improve Resiliency to High Impact Tropical Cyclone Events

Wednesday, 25 January 2017: 10:45 AM
615 (Washington State Convention Center )
Mark D. Powell, Risk Management Solutions, Tallahassee, FL

When catastrophic weather events strike, the impact is immediate but the recovery is often delayed, adding to the local burden.  The timeliness of recovery often depends on the latency of insurance claims processing and is exacerbated by low levels of insurance penetration in the developing world.  Furthermore, uncertainty of the hazard magnitude and the time sometimes taken to come up with the official numbers adds additional risk to alternative financial instruments designed to raise capital to help the recovery.  

Here we will describe how real-time, objective, observation-based, hurricane information can be applied to develop strategies to improve the resiliency of communities to high-impact tropical cyclone events.

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