BEGIN:VCALENDAR METHOD:PUBLISH PRODID:-//Apple Computer\, Inc//iCal 1.0//EN X-WR-CALNAME;VALUE=TEXT:USC VERSION:2.0 BEGIN:VEVENT DESCRIPTION:Speaker: Howard Kunreuther, Wharton Risk Management and Decision Processes Center - University of Pennsylvania Talk Title: Reducing Losses from Flood-Related Disasters: Dealing with Affordability Series: CREATE Monthly Seminar Series Abstract: Many residents in flood-prone areas are complaining that they cannot afford to purchase flood insurance because their premiums have been increased significantly due to the passage of the Biggert-Waters Flood Insurance Reform Act of 2012 that mandates risk-based premiums. This goal of this legislation was to reduce the growing deficit in the National Flood Insurance Program (NFIP). \n \n Due to the above concerns of homeowners in flood-prone areas, Congress is now seriously considering delaying the implementation of this legislation and possible repealing it. I will suggest ways to address the affordability issue by providing means-tested vouchers and incentivizing investments in loss reduction measures using risk-based premiums. The importance of redesigning homes takes on added significance in the face of climate change and sea level rise. Backround paper attached.\n \n Please RSVP to me (calicchi@usc.edu) no later than Monday, February 24th. \n Biography: Howard C. Kunreuther is the James G. Dinan Professor; Professor of Decision Sciences and Business and Public Policy at the Wharton School, and co-director of the Wharton Risk Management and Decision Processes Center. He has a long-standing interest in ways that society can better manage low-probability, high-consequence events related to technological and natural hazards. He is a Coordinating Lead Author on the chapter on Risk and Uncertainty Assessment for the Intergovernmental Panel on Climate Change (IPCC) 5th Assessment Report and a Fellow of the American Association for the Advancement of Science, and a Distinguished Fellow of the Society for Risk Analysis. His most recent books are Learning from Catastrophes: Strategies for Reaction and Response (with M. Useem) (2010), and At War with the Weather (with E. Michel-Kerjan) (2009, paperback, 2011), winner of the Kulp-Wright Book Award from the American Risk and Insurance Association in 2011 and Insurance and Behavioral Economics: Improving Decisions in the Most Misunderstood Industry (with Mark Pauly and Stacey McMorrow 2013). Host: CREATE at USC SEQUENCE:5 DTSTART:20140228T133000 LOCATION: RTH 324 DTSTAMP:20140228T133000 SUMMARY:CREATE Seminar w/ Howard Kunreuther UID:EC9439B1-FF65-11D6-9973-003065F99D04 DTEND:20140228T150000 END:VEVENT END:VCALENDAR