Risk Management

The Environmental Defense Fund offers a thought-provoking piece titled, "Nature and Insurance: An Untapped Partnership to Mitigate Rising Risks." Engineering with Nature (EWN) is a Corps of Engineers enterprise promoting nature-based solutions that can be designed as risk mitigation measures. Click the underlined links to learn more about each.

Have you experienced nature-based solutions as ?risk mitigation? Can you relate any lessons learned

Bill Mc

------------------------------
William McAnally Ph.D., P.E., BC.CE, BC.NE, F.ASCE
ENGINEER
Columbus MS
------------------------------

This is an interesting concept, but it comes with many challenges, which I think will limit its implementation. These challenges include scope definition, modeling, and converting the model results into actuarial values. I also wonder what happens if and when the original insurer decides to move on. I also see this as a band-aid for a distorted insurance market. If insurers were allowed to price in the actual cost of risk, it could accomplish the same goals.

------------------------------
Mitch Winkler P.E.(inactive), M.ASCE
Houston, TX
------------------------------