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.
Extreme weather, rising insurance premiums, new carbon regulations, and shifting market expectations are pushing commercial real estate (CRE) into uncharted territory.
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.
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.
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.
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.
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.
States are seeing their emergency reserves shrink for the first time since the Great Recession. The path forward is a new, two-pronged pro-growth, pro-resilience model that expands the state’s economic base while simultaneously modernizing the financial tools used to protect it.
From Iowa's pioneering flood-monitoring network to North Carolina's comprehensive resilience blueprint, states are demonstrating what's possible when local leaders take ownership of their climate futures.
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 California FAIR plan is proposing a huge rate hike, alongside incentives to reduce wildfire risk. The success of the effort hinges on cultivating a robust, affordable industry around fire-resilient construction.
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?
An adaptation-minded property insurance system means safer, healthier, more resilient communities and economies that can both prepare for and recover from climate disasters in an affordable, sustainable, equitable way.