About 40% of the US population lives in an area vulnerable to climate impacts including sea level rise, extreme weather and forest fires. How do we pay for the damages that occur and distribute the risk? This is a huge concern for the insurance industry in particular. Continue reading
I was in the room seven years ago when David Houle, the futurist, addressed the annual conference of Sarasota County realtors. If you don’t know, Sarasota is a seaside city on the Gulf coast of Florida. It has several heavily populated barrier islands just a couple feet above sea level. He said, “When will it become illegal to list properties vulnerable to sea level rise and storm surge without notifying potential buyers?” Continue reading
I was a Boy Scout. Since 1907 the motto of the global Scouting program has been, “Be Prepared”. Yet the 2023 Scout Jamboree was woefully unprepared for a myriad of severe weather-related issues that befell it in South Korea in early August. Continue reading
About 40% of the US population lives in an area vulnerable to climate impacts including sea level rise, extreme weather and forest fires. How do we pay for the damages that occur and distribute the risk? This is a huge concern for the insurance industry in particular. Continue reading
Southwest estimates the loss from their scheduling system meltdown to be around $825M. Those are just the direct costs of lost revenue from canceling more than 15,000 of its flights starting on Dec. 22. It doesn’t include the costs for fines, brand erosion and systems upgrades which will increase the loss to well over a billion dollars. Continue reading