Adaptation as Risk ManagementBlog/News ArticleEnvironmental JusticeFinancial DisclosureFinancial RegulationPrivate GovernanceRisk Management

Climate Change Comes to Insurance

This opinion piece explains the risks climate change poses to insurers, both as underwriters and as investors. It argues that it is necessary to align incentives in the insurance industry to prevent widespread defaults that would leave policyholders unprotected and examine areas where risks are distributed inequitably.
Adaptation as Risk ManagementBlog/News ArticleEnvironmental JusticeRisk Management

First-of-Its-Kind Insurance Report Confronts Climate Risk

This blog analyzes the recommendations in a report from the Climate Insurance Working Group, convened by California Insurance Commissioner Ricardo Lara, to the state’s Department of Insurance, local and state policy-makers, and the insurance industry regarding the role of insurance in addressing risks from climate-fueled wildfires, floods and extreme heat.
Katelyn Roedner
July 23, 2021
Environmental JusticeReportRisk Management

Breaking the Cycle of Flood-Rebuild-Repeat: Local and State Options to Improve Substantial Damage and Improvement Standards in the National Flood Insurance Program

This paper discusses the substantial improvement/damage (SI/SD) standard in the National Flood Insurance Program (NFIP) which requires property owners making significant improvements or repairs to structures in areas most vulnerable to flooding to take certain measures to mitigate their risk. It also surveys more rigorous SI/SD standards adopted by NFIP…