Senator Wicker to Host Insurance Roundtable on Gulf Coast

Industry Experts, Civic Leaders to Share Ideas for Workable Proposal

April 6, 2010

WASHINGTON, DC—U.S. Senator Roger Wicker (R-Miss.) will host an Insurance Roundtable at the Mississippi Gulf Coast Community College in Gulfport on Thursday, April 8.  The Senator says he hopes to hear ideas from a wide range of interested persons including community leaders, elected officials, and scholars, as well as representatives of the real estate, housing, and insurance industries.

“I am hoping for an open dialogue that might result in lower insurance costs and better coverage for the Gulf Coast,” said Wicker.  “There is no question that one of the most difficult obstacles in recovering from Hurricane Katrina—or preparing for the next storm—has been the cost and availability of insurance.  Nearly five years after the storm, the process of rebuilding is ongoing.  The recovery process is being stifled for many families and businesses who cannot afford the coverage they need.  In some cases, insurance is simply unavailable.”

“The Insurance Roundtable will provide a forum for exploring a variety of approaches to solve this problem.  I believe this discussion will be very beneficial as we determine the best way to move forward.  I hope this can lead to a formal plan that can work for the people and be passed in Congress,” Wicker said.

Senator Wicker will lead a discussion of specific proposals aimed at resolving the unique insurance challenges facing Gulf Coast residents and small businesses.  Among the presenters are Professors Howard Kunrether and Erwann Michel-Kerjan from the Risk Management and Decision Process Center at the Wharton School-University of Pennsylvania.   The audience will also hear presentations by U.S. Congressman Gene Taylor; Dr. Lloyd Dixon, an economist with the RAND Corporation; and Greg Toczydlowski, President of Personal Insurance for Travelers.

The Insurance Roundtable, which will be open to the public, will take place on Thursday, April 8 at the Mississippi Gulf Coast Community College Jefferson Davis Campus from 9am to 12pm.