Why Insurance Companies Are Fleeing Florida
July 12th, 2023
Via HeatMap, commentary on why insurance companies are fleeing Florida – it’s not just the hurricanes: The Florida insurance market took another hit this week when Farmers announced it would pull out of the state, leaving around 100,000 customers unable to renew their policies. While the news garnered headlines, it was exceptional not so much […]
Read more »Are Cities’ Long Held Plans For Extreme Heat Enough In A Warming World?
July 12th, 2023
Via AP News, a look at whether cities’ long-held plans for extreme heat are enough in a warming world: Natural disasters can be dramatic — barreling hurricanes, building-toppling tornadoes — but heat is more deadly. Chicago learned that the hard way in 1995. That July, a weeklong heat wave that hit 106 degrees Fahrenheit (41 […]
Read more »Farmers Insurance Has Lost Its Appetite For Business in Extreme Weather Hotspots
July 12th, 2023
Via Quartz, an article on Farmers Insurance decision to restrict its offerings in Florida and California: Farmers Insurance is dropping home, auto, and umbrella coverage in Florida, it announced yesterday (July 11). The state, infamous for its hurricane seasons, has seen several insurers drop out just ahead of peak hurricane season, which tends to be […]
Read more »Green Buildings Can Reduce City Temperatures By Up To 2°C
July 12th, 2023
Via World Economic Forum, a report on the need for green buildings to become the norm to improve well-being, air quality and carbon emissions” Green buildings are vital in the fight against climate change. But, social benefits are also seen as users of these buildings will see improved well-being, health and productivity. One study saw […]
Read more »The Simple Ways Cities Can Adapt To Heatwaves
July 12th, 2023
Courtesy of the BBC, a look at some simple ways cities can adapt to heatwaves: Satellite images reveal how green spaces, white roads and water features are helping keep cities cool during deadly heatwaves. Ribbons of blue snake through the bird’s eye view of Prague, a cool relief from the intense patchwork of hot red, […]
Read more »Lighter Pavement Really Does Cool Cities When It’s Done Right
July 10th, 2023
Via The Conversation, a look at how lighter pavement really does cool cities when it’s done right: When heat waves hit, people start looking for anything that might lower the temperature. One solution is right beneath our feet: pavement. Think about how hot the soles of your shoes can get when you’re walking on dark […]
Read more »'Black Swans' are highly improbable events that come as a surprise, have major disruptive effects, and that are often rationalized after the fact as if they had been predictable to begin with. In our rapidly warming world, such events are occurring ever more frequently and include wildfires, floods, extreme heat, and drought.
'Green Shoots' is a term used to describe signs of economic recovery or positive data during a downturn. It references a period of growth and recovery, when plants start to show signs of health and life, and, therefore, has been employed as a metaphor for a recovering economy.
It is my hope that Black Swans / Green Shoots will help readers understand both climate-activated risk and opportunity so that you may invest in, advise, or lead organizations in the context of increasing pressures of global urbanization, resource scarcity, and perils relating to climate change. I believe that the tools of business and finance can help individuals, businesses, and global society make informed choices about who and what to protect, and I hope that this blog provides some insight into the policy and private sector tools used to assess investments in resilient reinforcement, response, or recovery.