The Weekly: Climate Risk Literacy in Commercial Real Estate
Extreme weather, rising insurance premiums, new carbon regulations, and shifting market expectations are pushing commercial real estate (CRE) into uncharted territory.
The Weekly: Climate Risk Literacy in Commercial Real Estate
Extreme weather, rising insurance premiums, new carbon regulations, and shifting market expectations are pushing commercial real estate (CRE) into uncharted territory.
The Commercial Real Estate Climate Imperative: A New Playbook for Navigating Risk
A coalition including The Resiliency Company, JLL, Ryan Companies, and the Urban Land Institute created the Risk Mitigation Playbook: a practical guide based on real-world experience for those involved in commercial real estate (CRE) development, from lenders to engineers to owners.
Lessons on Recovery and Resilience in a Survey of L.A. Fire Survivors
Nine months after the Eaton and Palisades fires, the Department of Angels released a large, community-level survey in October offering a detailed look at how homeowners perceive their recovery experience.
Resilience as Local Infrastructure: How Small Businesses Anchor Climate‑Ready Economies
When extreme weather disrupts communities, small businesses often wind up being the first responders and first casualties. Investing in small business resilience can translate into fewer closures, less unemployment, faster recovery, and stronger local spending after disasters strike.
Latest
The Weekly: The Real Infrastructure Behind the Cloud
From hurricane- and flood-prone coasts to Tornado Alley spanning the central U.S., the map of American data centers increasingly resembles a target board for extreme weather.
The Weekly: When Rainy Day Funds Run Dry
Two trends are colliding in state finance offices: Emergency, or “rainy day,” funds are shrinking at the exact moment climate-related revenue losses are mounting.
The Weekly: The Messy Math of Wildfire Mitigation Discounts
A recent analysis of the private market from Insurance for Good found that premium discounts for home hardening vary immensely, and often aren’t tied to the actual potential impact on losses.
The Weekly: New York City’s Blueprint for Flood Resilience
Last week, New York City experienced another round of flash flooding thanks to a violent downpour, highlighting a thorny question: When do you harden infrastructure against stormwater, and when do you work with it?
The Weekly: The Disaster Industrial Complex
3% of U.S. GDP is spent every year on preparing for and repairing from disasters.
The Weekly: Insurance Innovation That Rewards Risk Prevention
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Hazard briefings
Preparing for Multiple Disasters
Unexpected disasters are causing damage in unlikely places, forcing decision-makers in the public and private sectors to prepare for the most common disasters in their region as well as the rare, once-in-a-hundred-year ones. But strategies exist to help decision-makers prepare for the unexpected.
Earthquakes: Cost Drivers and Opportunities to Fortify Assets
Across the U.S., the average annual total costs of earthquakes is $14.7 billion, with the average earthquake costing between $1.5 to $3 billion. Adopting the latest seismic resilience codes can make buildings more earthquake-resistant and financial instruments can help communities rebuild quickly.
Winter Storms: The Cost Drivers and Associated Opportunities For Investors
There are no silver bullet solutions for the private sector to adopt to dramatically reduce the costs of winter storms. The biggest lever to bring costs down exists in modernizing and winterizing the grid—an endeavor that will require substantial technological, mechanical, and financial investments.
Severe Storms: Opportunities To Reduce the Costs
In just a few hours, a severe storm can cause billions worth of damage. Three levers offer opportunities to enhance resiliency and reduce the costs of severe storms: 1) Invest in more resilient roofing; 2) Adopt more resilient construction practices; 3) Invest in new innovations and technologies.
Public finance
The Weekly: When Rainy Day Funds Run Dry
Two trends are colliding in state finance offices: Emergency, or “rainy day,” funds are shrinking at the exact moment climate-related revenue losses are mounting.
Disaster Response Dilemma: Why Defunding FEMA Would Require Strengthening State and Local Resilience
A smart transition of FEMA toward state and local disaster responsibility would encompass 1) reform to the Stafford Act to rebalance federal and state contributions, 2) a restructuring of state disaster relief funds, and 3) a shift toward regionalization of disaster response.