Leading Insurers, Public Officials, Builders, Environmental Groups to Outline 'Resilient...
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Leading Insurers, Public Officials, Builders, Environmental Groups to Outline 'Resilient Coasts Blueprint' to Cut Climate-Related Insurance Costs, Losses by as Much as Half Report Focuses on Gulf Coast, East Coast Regions Where Few Steps Have Been Taken So Far to Address Rising Sea and Storm Threats BOSTON and WASHINGTON, April 20 /PRNewswire-USNewswire/ -- Responding to steadily escalating Katrina-like property and insurance damages linked to global climate change, The Heinz Center and Ceres will release at 11 a.m. EDT on April 23, 2009 a "Resilient Coasts Blueprint" defining policy changes and common sense actions that could cut future losses by as much as half along U.S. coastlines. The blueprint, which outlines specific steps for reducing coastal exposure to storms and rising sea levels, is being endorsed by a diverse group, including The Travelers Companies and other major insurers, National Oceanic and Atmospheric Administration (NOAA), the mayor of Charleston, S.C., and The Nature Conservancy. A full list of endorsers will be released at the news event. News event speakers will be: * Mayor Joseph Riley of Charleston, S.C.; * Joan Woodward, executive vice president, Public Policy, The Travelers Companies, Inc.; * Deb Callahan, president, The Heinz Center; and * Mindy Lubber, president, Ceres. A recent assessment by the Wharton School shows a dramatic surge in economic losses from natural catastrophes worldwide, up from just over $50 billion in the 1950s to almost $800 billion in the 1990s. Losses from 2000-2008 total $620.6 billion (including $200 billion in 2008 alone, according to Munich Re). Lloyd's of London and Risk Management Solutions (RMS) predict that flood losses along tropical Atlantic coastlines would increase by 80 percent by 2030 with 30 centimeters (or about one foot) of sea level rise--in line with the conservative estimates of the 2007 report of the Intergovernmental Panel on Climate Change. TO PARTICIPATE: You can join this live, phone-based news conference (with full, two-way Q&A) at 11 a.m. EDT on Thursday, April 23, 2009, by dialing 1 (800) 860-2442. Ask for the "Heinz/Ceres Resilient Coasts Blueprint" news event. CAN'T PARTICIPATE?: A streaming audio replay of this news event will be available online at http://www.heinzctr.org and http://www.ceres.org as of 6 p.m. EDT on April 23, 2009. About the Heinz Center Established in December 1995 in honor of Senator H. John Heinz III, the H. John Heinz III Center for Science, Economics and the Environment (http://www.heinzctr.org/) is a nonprofit, nonpartisan institution dedicated to improving the scientific and economic foundation for environmental policy through multisectoral collaboration. Focusing on issues that are likely to confront policymakers, the Center creates and fosters collaboration among industry, environmental organizations, academia, and government in each of its program areas and projects. In this, the Center is carrying out the legacy of Senator Heinz. About Ceres Ceres (http://www.ceres.org) is a leading coalition of investors, environmental groups and other public interest organizations working with companies to address sustainability challenges such as global climate change. SOURCE The Heinz Center, Washington, D.C.; Ceres, Boston, MA Peyton Fleming of Ceres, +1-617-733-6660, fleming@ceres.org; or Anne Hummer of Heinz Center, +1-202-737-6307, hummer@heinzctr.org; or Leslie Anderson, +1-703-276-3256, landerson@hastingsgroup.com, for Ceres and Heinz Center
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