The Texas blackouts provide a case study in how to think through resilience issues.
As we begin to think through the long-term response to the Texas blackout, there’s a lot we don’t yet know. The ultimate issues are how much resilience we need against events like this and how we should obtain it. It’s helpful to lay out the kinds of questions we need to be asking as we …CONTINUE READING
New report assesses potential for innovative insurance solutions to support response and mitigation
This past summer, California suffered through a record heat wave with triple-digit temperatures throughout the state that helped spark the record-setting wildfires that left millions of acres burned, thousands of people displaced, dozens dead or missing, and millions breathing toxic air. But extreme heat is a climate killer in its own right, responsible for thousands …CONTINUE READING
How is one of the world’s largest industries responding to climate change?
As of 2018, the U.S. financial industry contributed $1.5 trillion to GDP. How is the financial sector responding to climate change? The short answer is “slowly so far, but there are signs of progress.” For instance, just last Friday, the NY Times reported that European Central Bank began a strategy review with climate change on …CONTINUE READING
UCLA & UC Berkeley Researchers Issue Report on Climate Change and Insurance in California
(This post is part of a series on the issue of climate change and insurance that my colleague Sean Hecht and I are writing, inspired by a symposium that the law schools co-organized with the California Department of Insurance earlier this year. You can find more information on the symposium here. My initial post is available …CONTINUE READING