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Hinshaw Successfully Stages Third Annual Climate Change and Sea Level Rise Conference

April 9, 2019

The national law firm of Hinshaw & Culbertson LLP, along with conference partners Florida International University's Sea Level Solutions Center (FIU), Urban Land Institute (ULI), and WLRN, recently hosted the Third Annual Climate Change and Sea Level Rise Conference at the Hotel InterContinental Miami on April 4, 2019. The Conference was made possible in part by Platinum sponsors Douglas Elliman Real Estate and The Miami Herald; and Corporate sponsors Associated Photo and Imaging; Florida Power & Light Company; Grove Bank & Trust; and Kaufman Rossin.

The event picked up where the 2018 program discussion left off—by driving deeper into issues such as the current status of sea level rise, the economic, legal, and regulatory implications and how Florida is preparing for this imminent threat.

The event was live-tweeted from Hinshaw's Twitter account, with many in attendance joining the conversation using the event hashtag: #SeaLevelRise2019. A photo gallery of the event is also available on Hinshaw's Facebook page. More than 250 participants were in attendance for this year's conference, including members of the news media.

Event Overview

Hinshaw's Eliot Abbott and Tom Hudson, Conference Emcee and Vice President of News at WLRN Miami, provided welcoming remarks to kick-off the event. Those in attendance heard from leaders from the real estate, finance, and insurance industries, as well as those in those working in academia and government.

Panel Overview

Future-Proofing Real Estate from Climate Risk

Keynote speakers Laura Craft, Head of Global Sustainability at Heitman and Billy Grayson, Executive Director, Center for Sustainability & Economic Performance at ULI, spoke about why climate risks matter for real estate and how climate-risk affects real estate investment strategies.

Fireside Chat: Emergent Climate-Risk Mitigation Strategies

Moderated by Emcee Tom Hudson, Craft and Grayson continued the discussion on mitigation and efforts underway in South Florida. Grayson stated the need to "identify vulnerable areas" and "leverage what is already [being] done." Craft noted the importance of factoring in the proactive steps cities are taking with regard to infrastructure and sustainability.

Government: Adaptation Do's and Don'ts

The highly anticipated government panel featured The Honorable Dan Gelber, Mayor, City of Miami Beach; Jane Gilbert, Chief Resilience Officer, City of Miami; Dr. Jennifer Jurado, Chief Resilience Officer & Director, Broward County; The Honorable Vince Lago, Vice Mayor, City of Coral Gables; James Murley, Chief Resilience Officer, Miami-Dade County; and Michael Sukop, Ph.D., PG, CHg, Professor, FIU. Topics of discussion included the current state of resilience, the importance of collaboration between cities and future infrastructure needs.

Insurance: Transferring and Assessing Risk

Attendees heard from Angela H. A'Zary, Vice President, Client Risk Analytics, RenaissanceRE; Walter Meyer, Principal, Local Office Landscape Architecture; Tiffany Troxler, Director of Science, Sea Level Solutions Center, FIU; and Nancy Watkins, Principal & Consulting Actuary, Milliman. Moderated by Hinshaw Partner Kristina Marsh, panelists addressed the risks associated with sea level rise and climate change, the National Flood Insurance Program's (NFIP) new rate restructuring, private flood insurance, parametric insurance and the positive impact of nature-based infrastructure.

Real Estate: Scalable Solutions to Sustainability

After the lunch and networking break, Ana C. Benatuil, Associate, Gensler Architects; Terry Hull, Associate Vice President, Dewberry; David Martin, President and Co-Founder, Terra Group; Patrick Murphy, Executive Vice President, Coastal Construction; and Jay Phillip Parker, CEO of Florida Brokerage, Douglas Elliman Real Estate, came together for the real estate panel. Hinshaw Partner Steve Cronig served as a moderator. Discussion points included future real estate development, remediation efforts, and collaboration between the private sector and government.

Finance: The Challenges of Investing in Resilience

Jessica Elengical, Global Head of ESG Strategy for Alternatives, DWS Group; Amy Knowles, Deputy Resilience Officer, City of Miami Beach; and Devesh Nirmul, Vice President, Counterpointe Sustainable Real Estate provided insights on climate-risk modeling, ROIs to date on resilience efforts and the use of PACE funding. Hinshaw Partner Tony Jacob moderated the panel.

Where Do We Go From Here?

The final panel of the event featured Linda Cheung, Founder and CEO, Before It's Too Late (Miami Murals); Evelyn E. Gaiser, Professor, Department of Biological Sciences and Institute of Water & Environment, FIU; Jenny Staletovich, Environmental Reporter, formerly The Miami Herald now WLRN; and Hinshaw's Thomas Lupo and Harvey Sheldon. Moderated by Tom Hudson, panelists covered a wide-range of topics, including discussions about climate action, federal legislation, future zoning, Florida's first Chief Science Officer, and what Governor DeSantis is doing to address water conservation.

Hinshaw & Culbertson LLP is a U.S. law firm with approximately 425 attorneys located in 11 states and London. Founded in 1934, the firm has a national reputation for its insurance industry work, its representation of professionals and law firms, and its closely coordinated business advisory, transactional and litigation services. We serve clients ranging from emerging and middle-market businesses to Fortune 500 companies, as well as governmental and public sector clients.

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