Scientific American
Climate Emergency Stymies Forecasts of Local Disaster Risks
After a record-setting year for hurricanes and wildfires, the insurance industry is grappling with the role of our climate emergency in estimating local disaster damages
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A home smolders in ruins in the aftermath of the Bear fire in Brush Creek, CA. Credit: Brian van der Brug
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The 2020 wildfire and hurricane seasons broke records, with wildfires burning more than 10 million acres in the U.S. and 30 named storms roaring through the Atlantic Ocean. From the standpoint of the insurance industry, however, they could have been worse. Most of the year’s storms struck sparsely populated areas, and the overall cost of the insured losses from natural catastrophes in the country rang up a relatively modest $81 billion.
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Risk Placement Services Hires Harvey as Executive VP in Its Brokerage Division February 18, 2021
Risk Placement Services (RPS) has hired Jeff Harvey as executive vice president of casualty for its brokerage division.
In this role, he will support growth of the large casualty practice in the Northeast region and provide additional support for the entire country. He will serve out of New York City and report to John Head, president of national brokerage at RPS.
This position is a new role created for Harvey and his skill set in the casualty marketplace to support RPS’ growth in this area.
Previously, Harvey was excess liability practice leader for the Northeast at Willis Towers Watson.