Tomorrow’s natural disasters won’t look like those from the past in terms of frequency, severity or location. Yet the insurance industry’s modeling of risk is based on historic disaster data, the value of which is inversely related to the rising concentration of carbon dioxide in Earth’s atmosphere.
Building Resilient Coastlines
The U.S. government has spent hundreds of billions of dollars over the past decade to rebuild U.S. cities following hurricanes, yet coastlines remain vulnerable to repeat disaster. Two Penn urban policy experts discuss coastal resiliency and the process by which government allocates recovery funds.
Climate Change And The Future Of Risk
The risk models that policymakers, insurers and communities rely on to predict the nature and frequency of weather-related disasters are becoming less reliable as climate change advances. A Wharton School climate risk expert examines how we might adequately, and equitably, prepare for future disasters.