Cliff Roberti

Co-Founder and Managing Principal at Fed Hall Policy Advisors. Proud Husband and Father. Love wine, The Mets and National Parks.

[Cliff Roberti @cliffroberti]

@StanderDI

[Cliff Roberti @cliffroberti]

This talented, insightful lady nails it on flood insurance!

[Cliff Roberti @cliffroberti]

@WhitneyCummings You’re a moron. Those women are his friends, wife and family appalled by this process. Know what you are talking about before you smear a good man for political purpose.

[Daniel Stander @StanderDI]

@eyee5 @_ALIDE_ @100ResCities @david_j_p @quitoresilient @RosemaryOHara14 @MiamiMayor @Zilient @HelenClarkNZ @ScheuerJo @DFID_UK @BMZ_Bund @InsuResilience @giz_gmbh @KfW @UNEP_FI @InsDevForum @c40cities @ICLEI_ResCities @BuildChange @Berkmic @RMS @DFID_Press @The_Institutes @KfWpress @B_meaningful @CNNImpact @SCCVonline @MillerSocent @ThaneKreiner @HoryouTeam @ethexuk @HuffPostImpact @Sorenson_Impact @Forbes @DIE_GDI @SEIclimate @UN_Water @NewClimateEcon @newclimateinst @WTWcsp @SDGaction @ndcpartnership @WorldBankWater @WBG_Cities @DenisDuverne Rumour circulating in London that #NFIP might lapse next week - albeit only for a day or two. Am also hearing Senate leadership thinks they'll get it done in time. Penny for your thoughts, @Zachary / @FloodPolicyWonk / @MorningMoneyBen / @RepMaxineWaters...

[Cliff Roberti @cliffroberti]

@thehill 2%! That’s cute ....

[Cliff Roberti @cliffroberti]

Can your Supply Chain Withstand Mother Nature’s Next Move? https://t.co/UM366qqTwS

[Daniel Stander @StanderDI]

@DFID_UK Encouraged by @PennyMordaunt's £19m package for the #Caribbean. Innovative #finserv to link #BuildBackBetter + quick #disaster pay-outs, accelerating recovery of businesses + critical services. More here: https://t.co/bcEqWM6JlG. #ResilienceFinance #CHOGM18

[Daniel Stander @StanderDI]

@DFID_UK Full report here: https://t.co/bcEqWM6JlG. Repays a quick (ten-minute?) read.
Context here: https://t.co/vjgaIDANZK. (An even quicker read!)

[Cliff Roberti @cliffroberti]

A 8: #PC360Flood #RMSFlood. #1 issue is subsidized rates; FEMA uses a fixed national average for replacement costs which distorts premiums; Lender barriers to accepting private flood is an issue. WYO non-compete clause is harmful. A lot of this can be fixed w/out legislation.

[Cliff Roberti @cliffroberti]

@NCIPtweets agreed @NCIPtweets. The reinsurance placement demonstrates that their is an appetite. Also, it is very clear carriers are willing to offer robust private coverage. Outdated and inefficient regulations are blocking that private capital from entering the flood market. #PC360Flood

[Cliff Roberti @cliffroberti]

A6:#PC360Flood #RMSFlood
One thing that is very interesting is FEMA's use of a fixed national average for replacement costs in their premium construction process. This is very odd and flat out leads to lower income policyholders subsidizing higher income policyholders.

[Cliff Roberti @cliffroberti]

A5 (cont) #PC360Flood #RMSFlood. House Financial Services Committee is trying to decouple the extension from the omnibus (more shorter term) so they can work with congress to get a long term reform bill (2/2)

[Cliff Roberti @cliffroberti]

A5: #PC360Flood #RMSFlood Right now, it looks like that there will only be a straight extension of the Program that will be included in the FY18 Omnibus spending bill. It will likely simply extend the program the length of the spending bill with no reforms (1/2)

[Moody's - Insurance Solutions @RMS]

Join @PC_360 @SwissRe @hmwiden @cliffroberti @michaelbmodesto @NationalFlood talk #Flood #PC360Flood #RMSFlood. There's still time to send you questions and share your comments. https://t.co/wz0j6s6fn9

[Cliff Roberti @cliffroberti]

@Lauren_Pachman @MattN_RMS @NationalFlood Agreed @Lauren_Pachman I believe FEMA's risk rating 2.0 initiative will help relay flood risk to policyholders in a more transparent and consumer-friendly way. #PC360Flood #RMSFlood

[Cliff Roberti @cliffroberti]

A4 (cont): #PC360Flood #RMSFlood FEMA's upcoming Risk Rating 2.0 initiative will bring private sector practices to NFIP underwriting. FEMA is looking to get rid of the WYO non-compete and banking regulators are working to make it easier for banks to accept private flood. (2/2)

[Cliff Roberti @cliffroberti]

A4: #PC360Flood #RMSFlood
Due to lack of congressional action, changes will likely have to come administratively from FEMA and banking regulators. The reinsurance and potential ILS placement was/is a big step forward. (1/2)

[Matt Nielsen @MattN_RMS]

A2: One of the largest successes was the reinsurance program in place by FEMA and the NFIP. This saved taxpayers over $1 BN! #PC360Flood #RMSFlood https://t.co/rOJcu45raz

[Matt Nielsen @MattN_RMS]

@NationalFlood Absolutely! The idea of a 1-100 year flood zone, or being "in" or "out" of a flood zone hides the full scale of flood risk. We need to find better ways to connect to policy holders on flood risk #PC360Flood #RMSFlood https://t.co/bKU0jcQ5rl

[Cliff Roberti @cliffroberti]

A1 #PC360Flood #RMSFlood the 2017 season demonstrated that the U.S. Congress, FEMA and the private sector need to work to better educate citizens about the risk of flooding and do all we can to increase the take up rate of flood coverage nationwide