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The 2010 Earthquake Study (C) Group is appointed by the Property and Casualty Insurance (C) Committee to study, in coordination with other NAIC working groups and task forces, earthquake maters of concern to insurance regulators; report at each national meeting and to:
- Increase knowledge and awareness of the earthquake risk nationally and in each state. This includes working with earth scientists, public and private modelers, and other experts;
- Work with engineers, the Federal Emergency Management Agency, and other seismic and actuarial experts to determine effective techniques for retrofitting and mitigating against earthquake risk. This includes identifying what building types are most seismically at risk;
- Identify strategies to communicate earthquake risk awareness, preparation, loss mitigation and recovery measures to insurers, producers and consumers. This includes continued development of an earthquake consumer brochure and working with social scientists to understand the latest research on promoting public preparedness;
- Stay abreast of federal and state legislation impacting the earthquake industry. This includes receiving presentations from speakers on pending federal or state legislation involving mitigation initiatives and alternative financing methodologies.
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