The yawning gaps in insurance coverage for properties that are most at risk are likely to deter prospective buyers, resulting in depressed real-estate values and reduced tax receipts. If unchecked, this has the potential to trigger a cascade through the local economy....more
Tag: climate risk
Natural disaster losses in the U.S. currently cost $120 billion annually. The socio-economic impacts of this ballooning societal cost are highly regressive and call for an urgent response. Adequate investments in climate resilience not only push out the tipping point but also invigorate the economy, promote equity and contribute to the common good....more