December 15, 2024
Companies withdraw from certain areas because of floods, droughts, water scarcity, and wildfire risks. These risks don't have to be catastrophic at all, but simply recurrent and impactful.
October 15, 2024
High quality scientific climate risk assessment is GOLD. Timely awareness and communication of climate risks has no price.
September 15, 2024
In 2022 during extreme drought, the economic loss due to Mississippi River disruptions was estimated at $20 bn
May 15, 2024
Extreme weather catastrophically affects both borrowers and lenders. Statistics show that 40% of small businesses do not reopen after an inundation, and another 25% fail within a year. Additionally, homeowners fail to pay mortgages for 2 years following a flood, especially if they have no flood insurance
December 15, 2023
Once risks are understood, strategic planning focuses on prioritizing urgent investments, establishing a timeline, and mobilizing finance for critical projects with high risk.
August 15, 2023
When a company is paying $1 M annually for flood insurance, it means (a) the risk is high, and (b) urgent preventive / anticipative action is needed to reduce financial expected loss and irreversible material damage.
