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A.M.BestTV: Insurer Mitigates Wildfire Damage With Tree Effort
[July 24, 2015]

A.M.BestTV: Insurer Mitigates Wildfire Damage With Tree Effort


This A.M.BestTV episode explores how the Philadelphia Insurance Companies (Philadelphia) is partnering with the Arbor Day Foundation (Foundation) to mitigate disaster prevention, namely wildfires, by planting 80,000 trees. Click on http://www.ambest.com/v.asp?v=arbor715 to view the video program.

Healthy trees provide a habitat for wildlife, clean water for communities, as well as decrease the risk of flooding by increasing soil stability and reducing storm water runoff in urban areas.

"In the insurance industry, disaster risk is an issue and partnering with the Foundation is a way to address that issue," said Thea Valero, environmental corporate social responsibility coordinator at Philadelphia. "In recent years, wildfires have increased all across the United States, so working with the Foundation is helping us to identify the projects that need to be supported."

"Disaster prevention is a big part of our business and trees are a big part of that prevention," continued Robert O'Leary, president and chief executive officer at Philadelphia. "Recently, Texas has been devastated by wildfires and that is why Philadelphia is planting 80,000 trees there, because only a healthy forest will provide a deterrent to wildfires."

Additional advantages to Philadelphia in its partnering with the Foundation are the benefits that will be provided to forthcoming generations and the present security to its policyholders.

Recent episodes of A.M.BestTV include:

  • For Marine Insurers, Bigger Ships Carry Bigger Risks: Marine insurers talk about the challenges they face as new vessels that can carry up to 20,000 containers impact pollution and increase the rsks to cargos, hulls and cyber systems, as well as political risk, since the marine industry has a global presence: http://www.ambest.com/v.asp?v=marine715.
  • Insurers Brace for 3-D Printing Revolution (News - Alert): Insurers are preparing for a host of coverage issues, including product liability, intellectual property claims and other concerns as 3-D printers become more advanced and available: http://www.ambest.com/v.asp?v=3d715.
  • Digital, Social Media Remaking Insurance Marketing: Insurance marketers at the Insurance Marketing & Communications Association's annual conference in Nashville, TN, said the growing array of communication channels is presenting greater creative opportunities but new resource challenges: http://www.ambest.com/v.asp?v=imca715.
  • Insurers Brace For Rising Risks of Drones: Insurers are saying surging demand for drones is adding a host of new liability and property exposures: http://www.ambest.com/v.asp?v=drones1715.



A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at http://www.ambest.tv.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.


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