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Institute for Crisis, Disaster, and Risk Management Crisis and Emergency Management Newsletter Website |
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March
2008
Volume
14
- Number 2 |
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Profile what All State Insurance is doing in emergency management By: Mutlaq Alaubaie All
State is one of the countries leading life insurers that provide
insurance
products to more than 17 million people across the All State recognized the
need for Emergency Management and for dealing more effectively and
efficiently
with mega-disasters. In 2005 it assisted in the establishment of
ProtectingAmerica.org, a coalition aimed at raising awareness to the
public and
policyholders on the threat and how to prepare for disasters. Moreover,
it aids
in educating them on how to save lives and mitigate risk during these
low
frequency, high severity events. The goals of the coalition
include the prevention and mitigation of these events by requiring new
construction that could reduce impact of these catastrophes such as
implementing stronger building codes and sensible land use policies.
Other
programs in prevention and mitigation process can also save lives and
better
protect property. Also, another goal is
educating consumers on how to prepare for catastrophes to ensure that
they are
better protected and to empower them against scam artists that try to
take
advantage of families during the disasters. In addition, this coalition
strives
to improve the process of relief, recovery and rebuilding by developing
innovative procedures that ensures that sufficient amount of building
materials, contractors and supplies is available after the disaster.
Furthermore, prior to the occurrence of every catastrophe recovery
efforts are
evaluated and assessed by local, state and federal officials to
identify the
weak points and to ensure continuous improvement in the process. Moreover, the coalition
aims at strengthening financial protection at lower costs for consumers
by
creating catastrophe protection funds at the national and state level.
These
funds have the capability to stabilize markets, decrease insurance cost
and
avoid availability difficulties prior to the occurrence of a
catastrophe. In addition to
this coalition, The company also, emphasizes the need to help consumers during and prior to the occurrence of an emergency event by providing them with essential information that they need to minimize the associated losses. They also assist the state and local officials and emergency managers by providing them with information from their assessment of the related damages. References:
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