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Property Insurers Unable to Cover Climate Risks… Who Pays?
One of the world’s largest insurance companies has warned businesses that they simply can’t ignore the financial impacts of extreme weather any longer. “Climate change is leading to more severe weather events, resulting in increasing impacts on economies,” Swiss Re’s group chief economist Jérôme Jean Haegeli said. “Therefore, it becomes even more crucial to take […]
New Product Development in an Era of Climate Crisis
Editor’s Note: This is the first in a series by crew members concerning business opportunities that would not exist if it weren’t for our rapidly changing climate. This Crew Commentary is authored by Scott Hamilton. Scott is a Board Advisor who manages Torastan, a consulting firm focusing on enterprise growth and sustainability located in Wokingham, […]
The Most Potent Climate Action You Can Take – VOTE!
I’m not telling you to just show up at the polls and cast your ballot. Crew members do their homework. There are two sides to this coin. Not only do you need to learn about your politicians’ stances on climate issues, but crew members must also understand the issues. They are climate literate. They know […]
Systems Changes Needed in Governance, Insurance and Disaster Preparedness
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 […]
Resetting the Realities of Our Climate Crisis
Reality, and one’s perception of reality, can change with a single event. An example would be the “earth rise “ photo taken by NASA astronauts in 1968. Though we knew that the earth was round, it was not until that photo that we saw it as a round planet in space. Another might be […]
How to ‘Be Prepared’ in 2023
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. First, prior to the opening of the Jamboree, torrential monsoon rains caused […]
Insuring Climate Risks w/ AI, IoT, Satellites & Big Data
Insurers are being overtaken by the pace of change. Our climate crisis (among several other factors including technology) is redefining the nature of risk. The industry needs to move quickly to keep up with consumer expectations, close protection gaps, and respond to emerging threats. Now is a moment of truth for insurers to consider their […]
