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White House Panel Discusses New Study by UA’s Insurance Research Center

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August 03, 2016

A new study on the resale value of fortified home construction by The University of Alabama’s Insurance Research Center was the topic of discussion today at the White House. The panel discussed property loss mitigation – past, present, and future – at this morning’s White House Forum on Smart Finance for Disaster Resilience. The Alabama Center for Insurance Information and Research, and the Insurance Institute for Business & Home Safety were present for the panel discussion.

“This report is a great example of the practical application of academic research methods,” said Lars Powell, director of the Alabama Center for Insurance Information and Research. “We are very confident in the results and hope they will affect public and private behavior to make exposed communities more resilient to natural disasters.”

     


front_cover_final-585x1024UA Center Releases Guide to Help Coastal Communities Prepare for Disasters

July 20, 2016

TUSCALOOSA, Ala. – The University of Alabama’s Insurance Research Center released a new guide today to help homeowners on the Gulf Coast prepare for weather-related disasters.

“Some 20,000 homes along Alabama’s coastal counties are not insured for wind damage, and thousands more are functionally uninsured,” said Lars Powell, director of the Alabama Center for Insurance Information and Research. “The new Alabama Coastal Insurance Shopper’s Guide will help people better prepare for, and recover from, hurricanes, and potentially save money in the process.”

      


aciir_tipsUA’s Insurance Research Center Produces Tornado Preparedness Guide

April 27, 2016

TUSCALOOSA, Ala. — Five years ago, more than 200 people lost their lives and more than 2,000 injuries were reported from the April 27 tornado outbreak that swept across the state of Alabama. On that day, 35 of 67 Alabama counties suffered damage and 23,552 homes were damaged or destroyed.

Today, the state is remembering those that lost their lives and homes during the outbreak, but it’s also promoting resilience and rebuilding as it looks to the future.


UA’s Insurance Center Welcomes New Researcher

February 08, 2016

TUSCALOOSA, Ala. — The Alabama Center for Insurance Information and Research at The University of Alabama Culverhouse College of Commerce has welcomed a new associate researcher to its team.

Dr. Sebastain Awondo began as the center’s new associate researcher in January.

Awondo will continue the center’s efforts in providing information and research insight for key stakeholders across Alabama. His research includes insurance ratemaking and loss reserving, catastrophic risk, decision making under risk and uncertainty, insurance regulation, micro-insurance and predictive modeling.