The frequency and intensity of natural disasters—such as hurricanes, floods, and storms—are on the rise, threatening our way of life and our livelihoods. Insurance, an often confusing and unpopular tool, is critical to recovery from these crises. Yet, as it becomes ever more essential, insurance markets are under stress, many are uninsured, and insurance often seems divorced from efforts to improve the resilience and sustainability of our communities. How can we improve insurance to provide consistent and sufficient help following all disasters? How do we use insurance not just to help us recover, but also to help us prevent disasters in the first place? And how can insurance help us achieve broader social and environmental goals?
Associate Vice President for Economics and Policy at the Environmental Defense Fund and author of Understanding Disaster Insurance, Carolyn Kousky, will present on why traditional insurance markets fall short in meeting the needs of a world coping with climate change and how new insurance and risk transfer markets can help create thriving and resilient coastal communities and ecosystems.