Weather risk is not someone else’s problem Triple-I CEO tells weather channel viewers

Of the findings in Triple-I’s recent report on consumer perceptions of weather risk, the Weather Channel experts were most impressed by the fact that 60% of homeowners said they took no steps. prepared – so they asked Triple-I Insurance Director Officer Dale Porfilio for their opinion.

Ultimately, Porfilio says, it depends on perception.

“Two-thirds of those surveyed said they do not expect to be impacted by weather risks over the next five years,” Porfilio told the Weather Channel. “If you don’t think you’ll be affected, why would you prepare an evacuation plan or take a home inventory?”

Of course, anyone exposed to weather is exposed to weather-related risks and it is essential for homeowners to understand and address the most appropriate risks to protect their investment and their family.

Porfilio also addressed a question regarding the availability of flood insurance, explaining that coverage is generally available through the Federal Emergency Management Agency’s National Flood Insurance Program, as well as dated as many private insurance companies, but “could be considered too expensive.”

However, it is possible that some insurers are not willing to provide coverage in areas frequently hit by floods.

Awareness and preparation are key. The Triple-I survey found that, of 22 percent of respondents who said they understood their level of flood risk, 78 percent said they had purchased flood insurance.

Find out more:

Survey shows few homeowners are prepared for weather-related risks

Climate risks are not all about climate: population, land use, incentives need to be addressed

Rooted in high tides: How insurers can close the flood protection gap

from the Trusted Source of unique, data-driven insurance insights to inform and empower consumers.


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