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Strategy/Resilience

"It Will Be a Difficult Renewal"

New York, USA. 2nd Sep, 2021. Vehicles are submerged on a waterlogged road in New York, the United States, Sept. 2, 2021. New York State Governor Kathy Hochul declared her first state of emergency early Thursday as remnants of Hurricane Ida brought torren

Eric Sugier, Liberty Mutual Re’s Head of Property, describes how the growing risk of flood is changing reinsurers’ approach to property, and how the industry already has the tools to help manage the threat of more frequent extreme weather events.

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