N.Y. may follow Fla.'s example in mitigating storm risk, expert says

06/17/2013 | PropertyCasualty360

A $20 billion plan that New York Mayor Michael Bloomberg has proposed for mitigating risks linked to climate change is a move that's "not unusual" after a catastrophe such as Hurricane Sandy, but "feasibility, however, is a matter of political will," said Julie Rochman of the Institute for Business and Home Safety. New York may consider Florida's example in the urban-risk-management plan that followed Hurricane Andrew two decades ago, said Loretta Worters of the Insurance Information Institute. "Hurricane Andrew changed everything: from how homes are designed to how meteorologists track hurricanes and how the government manages emergencies," Worters said.

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