Averting disasters requires knowing what CAN happen - Locally identify hazards, remove or mitigate them.
Global reinsurers need to know. Failing can cost trillions. Register your local risks today.
Avert Alert
Reinsurance Disaster-Mitigation by Acquisition Consortium
About Avert Alert
“It may not happen today or tomorrow, but one day a town or a
“It may not happen today or tomorrow, but one day a town or a
city is going to get wiped out.”
-Larry Mann, rail safety expert and principal author of the Federal Railroad Safety Act.
-Larry Mann, rail safety expert and principal author of the Federal Railroad Safety Act.
The reinsurance industry has heretofore quietly avoided the limelight which would otherwise be accorded to heroic individuals in the aftermath of major disasters, either man-made or natural. Instead, this credit has been awarded to their clients, retail insurance companies, saved from going broke, by the forward planning of Reinsurers.
The-reinsurance industry is not perfect, it usually at works correctly assessing potential liabilities. Reinsurers pride themselves in actuarial predictive analysis -- once they know an actual unforeseen disaster can occur.
It was the re-insurers who in the wake of Hurricane Katrina in 2005, and the collapse of the US Army Corps of Engineers' dikes, silenced the Louisiana local retail insurance industry, which had begun denying claims from flood victims.
Correctly seeing the reputation of the reinsurance industry at risk, reinsurers saved the retail insurance companies’ reputation. Local CEOs had given orders to welch on coverage by telling agents and claims adjusters that wind damage was at fault, when flood insurance was paid for; or water damage was wind damage.
Angry clients of retail insurance companies were outraged. For 3 weeks, they hammered their insurance companies with complaints, providing photos of the ridiculousness of the lies being told to their faces. Having lost everything, this betrayal hit deep and hard.
Finally, the reinsurance companies spoke out publicly telling local insurance companies to stop tearing the basic premise of coverage apart, destroying the industry during hours of worldwide coverage each night, and to shut up because the money would be there in six weeks.
Six weeks later, to the day, the reinsurers delivered the cash as $36-billion in checks that were paid out to retail customers of medical, health, life, property, casualty, crop, errors & omissions, and even pet insurers.
The media carried the message from the reinsurance industry, that local CEOs hadn’t got the memo from their reinsurers. The media damage was severe and on-going until the money got there. Reinsurers delivered.
Government ineptitude and corruption delivered toxic trailers and sheltering at sports stadiums. Convoys of Home Depot and Loew’s delivery trucks headed into New Orleans. One of our Board members sent teenagers from school in California to rescue the history of jazz from the Musicians Federation Hall.
Americans, and responsible industries, such as reinsurance, deliver stability, along with their message of caring.
The need to spread risk is elemental to humanity. We live in an imperfect world where disasters, global, regional, and personal take place regularly. Politicians seized on this failure of character of local insurers, by promising $100-billion in aid. No mention was made when the taxpayers' money would arrive.
After 5 years, the politicians had made good on 20% of what they had promised. $10B was paid to people, and $10B to the Army Corps of Engineers to rebuild their dikes with the same lack of caring that made them fail to begin with.
Disaster can strike at any time, as Larry Mann said.
As of yet, no American city has experienced the city-killing potential of Hydrofluoric Acid (HFA), used routinely in 1/3rd of these obsolete gasoline refineries, such as the Torrance Refinery. Modern refineries are built using liquid sulfuric acid catalyst processes, which vaporize at 560 degrees. In contrast, HFA vaporizes at 67.1F to 73 degrees, room temperature. A ruptured 55,000 gallon tank would kill and poison an entire American city.
The vulnerability from multiple causes, earthquake, terrorist attack, accident, to the huge 55,000-gallon hydrofluoric acid (HFA) tanks in 49 refineries in 19 major cities and suburbs in America, and 24 more in rural towns, remains a threat every day. Terrorist planners have known about these vulnerabilities for 16 years, while all levels of governing have dithered pretending to do a job of making sure infrastructure is resilient. Oil comporations have simply refused to upgrade, pleading poverty.
Reinsurers didn’t prepare for a tsunami in Malaysia, but were ready for Fukashima. They had gathered funds, although they hadn’t examined the coastal placement of nuclear reactors. The reinsurance industry began to be more suspicious of industrial claims that all will be well with their normal procedures, as they continue to account for the possibility of pollution disasters that kill their customers.
AvertAlert and its partners, EcoAlert.us. StarCo, PACTpeopleAct.org, SAVIATION, and others, have trumpeted many life-saving solutions that could save trillions of dollars in insurance losses. For instance, Asteroid Detection, Deflection, and Development (ADDD) and haven’t been invited as speakers at reinsurance conventions until Russia got hit with a large meteor. 20 billionaires are interested in AvertAlert’s ADDD 15 years of defining responsibilities and liabilities in asteroid mining, habitats, and navigation of space resource products to Earth, not to mention property title and insurance, for responsibilities.
The reinsurance industry tracks some new technologies like self-driving cars’ advantages and disadvantages. AvertAlert’s 2003 onward interest in robotic Search and Rescue Ambulances (rSARA)s for the Red Cross and the US Defense Advanced Research Projects Agency (DARPA) has created a set of criteria unaddressed by reinsurance analysts on this topic, and did it with popular participation by $2M in prizes offered, gaining $200M in R&D.
Slow changes in risk are seemingly not noticed without actuaries questioning why a trend is overwhelming a region and it is assumed that is just the way things are done in the status quo. Far too few questions are asked.
For instance, the aging out of World War II waterbombers to be replaced with tiny helicopter buckets has seen million square acre fires unchallenged by numerous public agencies, allegedly responsible for fire protection, yet it is the reinsurers who are obligated to pick up the tab.
AvertAlert and its partner, SAVIATION, have developed 22 improvements for the largest aircraft in the world being built, the Stratolauncher, not to haul rockets, but huge click-on pre-filled water or barium sulphate cannisters 4x the size of 747 bladders that take all day to fill. SAVIATION saves lives in aviation and with aviation.
AverAlert provides to reinsurers a look at getting these innovations implemented with their reserves to prevent payout losses on trees and people.
The unsung heroes who cover the local insurance retailers, understand that without a market presence which proves they are to be trusted, and ceding risk to reinsurers, local insurers will be wiped out.
Without investigation of disaster potential from local & regional experience, scientific specifics and futurism, and monitoring industry, people and property who are vulnerable -- reinsurers will be stressed.
City-killing death vapors are not good neighbors, and don't need to waste the monetary preparedness of reinsurers moving money around the world to disasters which could not be averted. Some can.
To create stability and limit risk, the reinsurance industry needs to know the risks and what the potential for losses really are, especially when they can cause polluters to accept their real cost of doing business.
It is the mission of AvertAlert, EcoAlert.us, and PACTpeopleAct.org, SAVIATION, Space Property Title & Asteroid Resources Consortium (StarCo) to work together leading the Reinsurance Disaster-Mitigation by Acquisition Consortium (ARDMAC), to buy out wrongdoers, invest to fix the problem, and resell a decent industrial or residential site with better technology in place, from fire-proof geo-polymer housing to refineries that won’t pollute. ARDMAC has a high priority on preventing death, either slowly or rapidly.
Contact us for more information.