Superstorm Sandy, Hurricane Irene, and recent winter storms, like the Blizzard of 2013, demonstrated that blackouts are not only an inconvenience, they’re also a material source of risk for commercial insurers. This session will discuss both the weather’s influence on blackout risk and the long-duration blackout potential in the United States. The understanding of the long-duration (weeks to years) blackout potential results from AER’s two-year Emerging Risk Research Project (ERRP) in collaboration with the insurance industry into the effects of geomagnetic disturbances on the North American electrical grid. From here we draw lessons that apply to other continents and other sources of blackout risk to help you stay up to date with emerging trends and risks in Europe and the United States.
Who Should Watch:
Commercial underwriters, enterprise risk managers, actuaries, product managers, business development personnel, reinsurance, commercial claims
Monday, June 17, 2013
Nicole Homeier, PhD,
Scientist and Director of Product Innovation
Atmospheric and Environmental Research (AER)
Dr. Homeier is a Senior Staff Scientist at AER. She is an expert on the space weather threat to the electric power grid and has led the development of tools focused on understanding this risk. Dr. Homeier has an extensive background in modeling, statistics, predictive analytics, machine-learning, and scientific programming.
Dr. Homeier received her Ph.D. in Astronomy from the University of Wisconsin-Madison and her B.S. in astrophysics and chemical physics from Michigan State University. In 2012 she spoke at the Geneva Association’s General Assembly on Space Weather and its Impact on Earth.