Yesterday, Counselor John Podesta, Secretary Jack Lew, NOAA Administrator Kathy Sullivan, FEMA Administrator Craig Fugate, and Director of the Office of Science and Technology Policy John Holdren met with a group of Insurance and Re-Insurance Industry leaders to discuss the economic consequences of increasingly frequent andsevereextreme weather. The discussion centered aroundopportunities to share databetween the federal government and the insurance industryto better communicate and reduce risks to policyholders, communities, and taxpayers. Participants also discussedthe importance of public educationabout uninsured risk and the need formore insurable investments that take climate risk into account, andagreedto find ways to collaborate to create broader community resilience to strengthen our neighborhoods and businesses.

Today, Lew, Podesta, Holdren, Senior Advisor Valerie Jarrett, Commerce Secretary Penny Pritzker, CEA Chair Furman and other senior White House staff met with a coalition of leaders who put out a new report, Risky Business, that details the systemic risk of climate change to our economy.The report brings attention to the importance of public and private sector action to make carbon pollution reduction a priority, and to take steps to prepare communities to deal with the impacts that were already facing. There was agreement that the government and industry alike must take additional steps to quantify and publicize the economic risks associated with a changing climate, including continued commitment to making the best scientific data available to help government officials, communities, and business leaders assess and plan for those risks.

Insurance and Re-Insurance Attendees included:

Franklin Nutter, President, Reinsurance Association of America Julie Rochman, President, Institute for Business and Home SafetyMike Foley, CEO, Zurich North America Tom Wilson, Chairman, President and CEO, Allstate Christopher Swift, CEO Elect, The Hartford Michael Tipsord, Vice Chair and Chief Operating Officer, State Farm Tony Kuczinski, CEO, Munich Re KevinODonnell, President and CEO, RenaissanceRe Holdings Ltd

Franklin Tad Montross, Chairman, President and CEO, General Reinsurance Corporation JosephGunset,GeneralCounsel, Lloyd'sAmerica

Risky Business Attendees included:

Henry Cisneros, Former HUD Secretary Tom Steyer, Fmr. Senior Manager, Farrallon Capital Management Greg Page, CEO of Cargill Kate Gordon, Executive Director of the Risky Business Project Trevor Houser, Rhodium Group Matt James, Next Generation