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.
The Epicenter’s Insurance Solutions page features short summaries and links to proven partnership models that are redefining the role of insurance in promoting climate resilience.
The materials below illustrate how applying insurance mechanics—ranging from data collection and risk assessments, to parametric structures and new distribution models—can help communities better understand, manage, and insure climate exposures.
The Epicenter’s hope is that by compiling these early-mover examples we can offer insurers, community groups, lenders, and local officials the confidence and content to pursue their own innovative approaches.
To suggest additions to the materials, please email us.
Examples from the field of insurance adaptation and resiliency. This page will be regularly updated with The Epicenter’s picks for most relevant content within each topic.
If you have suggestions on additional items that should be included in any of these sections please email us.
