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Final Program


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Evaluation

General Session

Level 1: No prior knowledge of the subject (0-3 Years)

C:PC:L3

C:FE:L3

C:RM:L2

S:CT:L1

S:DA:L3

S:BA:L3

S:LT:L2

T:CO:L3

T:CR:L3

T:IA:L2

GS-2 - California Dreaming: Earthquakes, Wildfire and Floods

Tuesday, November 7, 2023
8:00 AM – 9:15 AM PST
Location: Catalina Ballroom (3rd Floor)
Livestreamed
California is exposed to many catastrophes including earthquake, wildfire, and floods. This session will explore the risks of these catastrophes as well as the resilience efforts put forth to diminish these perils. Many of these risks are uninsured. While California will be the focus, other states and countries with similar risks will be discussed during this session.

The first section will explore earthquake risk (including fire following) and discuss mitigation efforts from a large event.

The next section will discuss the recent atmospheric river and resulting flooding risks.

The final section will discuss recent wildfires and changes designed to limit this potential catastrophe.

This session will conclude with a discussion and questions from the audience of these topics with a forward-looking approach about what the industry and actuarial profession can do in response to these catastrophic risks.

Learning Objectives:

  • Rank the earthquake, wildfire, and flood risk in the United States and California.
  • Contrast how components of earthquake, wildfire, and flood risk are insured.
  • Describe mitigation measures.