America Adapts the Climate Change Podcast cover image

America Adapts the Climate Change Podcast

From Risk to Resilience: Wildfires and the Insurance Industry’s Climate Reckoning

Jan 27, 2025
In this insightful discussion, Dr. Carolyn Kousky, a leading expert in climate risk and co-founder of Insurance for Good, dives into the transformative role of insurance in building climate-resilient communities. She highlights how climate change has intensified risks like wildfires in California and reshaped the insurance market. Carolyn discusses innovative strategies for closing protection gaps, the importance of proactive risk reduction, and the need for collaboration between insurers and policymakers to enhance community resilience amidst evolving challenges.
34:18

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Quick takeaways

  • The formation of 'Insurance for Good' highlights the need for innovative insurance solutions to address climate change and promote resilience.
  • California wildfires are reshaping insurance markets, emphasizing the importance of rewarding homeowners for risk-reduction investments and ensuring coverage stability.

Deep dives

The Launch of Insurance for Good

A new nonprofit organization called Insurance for Good has been established to leverage insurance as a tool for achieving social and environmental goals. The motivation behind its creation stems from the increasing risks posed by climate change, with an emphasis on the need for innovative solutions and enhanced financial protection in this evolving landscape. Insurance for Good aims to facilitate partnerships across various sectors and provide resources to help communities adapt to growing risks. By focusing on education, capacity building, and policy changes, the organization seeks to close protection gaps and encourage resilience in communities affected by climate disasters.

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