Insurance for Good

Thank you to E&E News by POLITICO for sharing our launch! We're a few weeks in and so grateful for all of the early conversations and interest. We're listening and tracking the feedback of our growing community. Sign-up for our email list and keep your eyes peeled for our first newsletter on December 4th! https://lnkd.in/ekR9T4G9

As climate-related hazards intensify, insurance markets in?highly exposed regions are entering into crisis. Florida, in particular, has seen a high degree of market turmoil. Carolyn Kousky, with Insurance for Good advisory board member Galen Treuer and their colleague Katharine Mach, explore three scenarios that demonstrate how near-term policy decisions can lead to, open up, or foreclose different possible futures. Read their policy recommendations highlighting a need to think longer-term and support risk reduction and equity.

"I think it would really help societal level conversations, if we could take climate impacts from being a?political?conversation to being a?risk management?conversation. We know risks are going up. How do we think in smart ways about how to handle those risks and the impacts they’re having and what better group to lead that than insurance?" Our founder, Carolyn Kousky, and board member Jonathan Gonzalez of Raincoat, recently had a discussion on the InsTech podcast. They explore the disaster insurance gap, non-property costs after disasters, and a deep dive into parametric insurance. They also introduce the role Insurance for Good's community of practice will play in finding new risk transfer solutions in a world of escalating climate risk. Have a listen and comment with additional questions or insights! #instech #parametricinsurance #disasterinsurance #insuranceforgood

Disaster after disaster, impacted families are further devastated when they learn their insurance doesn't cover flood damage. Insurance for Good Board Member, Helen Wiley, knows this all too well as she leads Disaster Preparedness at SBP. Check out our latest blog to learn more about the common myths around disaster finance and opportunities to increase household financial literacy before wicked weather strikes. #disasterfinance #disasterpreparedness #floodinsurance

Wildfires are burning, not just in the west but also in the east, where the mid-Atlantic has been experiencing record-setting drought. Losses from extreme events are escalating and will keep growing as the planet warms. Investments in climate?adaptation and loss reduction can not only keep communities safer but help make them more insurable, as well. Check out our Resilience page to explore ideas on how insurance can support greater resilience through new products, consumer education, financial incentives, policy advocacy, and more. Do you have helpful resources or case studies on how insurance is leading to greater risk reduction? Share them here so they can be considered for our growing community of practice. #climateresilience #insuranceforgood #riskreduction #riskmitigation

Thank you, ESG News, for your thoughtful overview of what we are seeking to affect through Insurance for Good! "Kousky and her team encourage broader participation and collaboration, stating that only through shared efforts can the insurance sector pivot toward supporting a resilient, just, and nature-positive future." Join our community to share your interests and be the first to know of future opportunities for collaboration. https://lnkd.in/ekR9T4G9

Insurance for Good is excited to be launching our blog. This will be a space to share new ideas, innovations, thoughtful analysis, and timely policy insights. Our first post is by our founder, Carolyn Kousky, on why she was motivated to launch Insurance for Good. "Our future will not look like the past. And so neither can our approaches to insurance." We want the blog to be a space for you: the growing community of practice looking to harness risk transfer for good. Please share your?ideas with us at?[email protected]. And, be sure to visit our website, insuranceforgood.org, to sign up for our newsletter to stay up-to-date as we roll out new posts, resources, and programming in the coming months. #insuranceforgood #climaterisk #risktransfer

Risks are growing. Unprecedented is the new normal. Insurance as we know it is under stress. While the problems are clear, implementing new approaches of risk transfer to meet the current and future moment is not easy. That’s why we’re launching Insurance for Good--a? hub for the growing community of practice in the United States working on harnessing insurance for the common good. Founded by Carolyn Kousky, Acting Chief Economist at EDF, and supported by partner organizations like Environmental Defense Fund and SBP, along with cross-disciplinary experts, we believe a new way forward is possible. Insurance for Good supports communities and the public sector in reimagining insurance to meet social and environmental goals. We curate shared resources, deliver capacity-building programs, incubate open-source and innovative risk transfer approaches, and advocate for improved policy and regulation. Our aim is action. Follow us and be one of the first to join our community at https://lnkd.in/etcVASXq Thanks to our incredible founding board Helen Wiley, Jonathan Gonzalez, Carlos Martín, and Emily Grover-Kopec and to our amazing senior advisor, Kayla (Drozd) Calkins. And special thanks to Jessica Dandridge-Smith, MA, Spencer Glendon, Alice C. Hill, Reese May, Julie Shiyou-Woodard, Galen Treuer, Francis Bouchard, Bridget Carle, Jacqueline Higgins, Katie Sabo, Kate Stillwell, and Nancy Watkins.