Planet Cents, Inc.’s Post

“A new report from the First Street Foundation, a non-profit research group, finds that if proper account is taken of climate risk, nearly a quarter of all properties in the continental United States are overvalued.“ 😯 Insurability should be at the top of transition risks in high climate risk areas. As you prioritize investments, how are you making your buildings more resilient and hence more insurable? And if climate risk isn’t considered in your due diligence programs, have you asked why not? 💰 If the assertion in The Economist is half right, imagine the strategic advantage investors will have that consider climate risk in their underwriting. I have some of the best climate scientists on my team coupled with real estate M&A experts, ready to help you navigate these complex data sets. 🤙 https://lnkd.in/gM25Zvbv Climate change is coming for America’s property market from TheEconomist

Unmanaged climate retreat will likely occur in places with unhardened infrastructure that municipalities are not actively investing in upgrading. This article details how this retreat might happen. Investing in commercial/residential development over resilient infrastructure is a choice that might compound a disaster”s impacts.

We have a lot of work to do beyond transitioning to renewable energy. We need systems changes in governments, disaster relief agencies, insurance business models, zoning, and building codes. And we must change. We must become climate literate so we can predict weather vulnerabilities better. We must adapt – move out of harm’s way, rewild coastlines so they buffer the winds and storm surges. #systemschange #climateresilience David Houle Tomás O'Leary David Ross - VUCA Strategist. Peacemaker. Author https://lnkd.in/gGZn3gT7

Redlining is the gift that keeps on giving. 😡 Even today, Black communities that were excluded from mortgage insurance in the 1930s are disproportionately “concrete jungles,” and are located next to hazardous and waste dump sites. When flooding occurs, there aren’t enough impervious surfaces to absorb water and the water itself is more likely to contain harful chemicals. That’s ONE way redlining’s legacy will continue to be felt. Read on for more of the impact. https://lnkd.in/gUnWmZaH #climatechange #racialjustice #environmentalimpact #environmentalracism #dei #deib #equity #inequality

We have a lot of work to do beyond transitioning to renewable energy. We need systems changes in governments, disaster relief agencies, insurance business models, zoning, and building codes. And we must change. We must become climate literate so we can predict weather vulnerabilities better. We must adapt – move out of harm’s way, rewild coastlines so they buffer the winds and storm surges. #systemschange #climateresilience David Houle Tomás O. David Ross - VUCA Strategist. Peacemaker. Author https://lnkd.in/gGZn3gT7

The US faces a real estate bubble fuelled by climate risks like floods and wildfires, with properties in vulnerable areas overvalued by billions. Efforts to address include disclosure, awareness, and policy reforms. Urgent action is needed to prevent catastrophic consequences from a preventable black swan event. SustainCRE #impactcoordination #greenoptimisation #impactthatmatters #riskmitigation #netzerotransition #carbonbubble #fiduciaryrisk #physicalrisk #transitionrisk

How are cities preparing for and rebuilding after natural catastrophes? Get insights into this and more by reading the below article from our Gallagher Specialty team. #ClimateResilience #InsuranceInnovation

#ClimateChange is a fiscal disaster for local governments. A new study of Florida’s vulnerability to #climate change finds that #flooding directly threatens many local tax bases. Check out the #ArcGIS powered #StoryMap, link in article. http://ow.ly/602t104YK0E #GIS #Esri #URISA