InnSure的动态

What did we learn this week, and what is harder to ignore? In an eventful week in American life, a journalist at The Washington Post named Michael J. Coren quietly released an article online Tuesday, that he'd been working on for several months. The story was a profile on two different approaches to the same worldview of a changing climate: the 'Big Climate Long', and our firm Climate Core Capital LLC, alongside our industry colleague Dave Burt and his team at DeltaTerra Capital, working on the 'Big Climate Short'. On Election Day 2024, at a national newspaper with digital unique visitors in the tens of millions every month, our story for much of Tuesday, November 5 2024 was the SECOND MOST read article on the entire website, after the US election live updates blog. Three days on, we are still asking: why did this story get such a response? What was it articulating that led to so many shares globally, among friends, family and work colleagues? Sometimes in human behaviour, the public leads government into a need for new policy, rather than the other way around. The best explanation we can give for this latent interest, is that the public — everyday homeowners, renters and property investors — are already in the place they want governments to be. They can visualise how a changing climate, and bigger cities in the path of more frequent and intense risk events, will lead to wealth destruction. Some already know the pain of a hurricane or wildfire upending their world. Others have felt the effects of a flooded basement after an abnormal rain event, or sat in an emergency ward with a ageing relative after a heatwave. As our cofounder Rajeev Ranade often says, some things will bend and some will break. The public already understands the risk recognition system is breaking. They know insurance pricing is on an unsustainable trajectory, and mortgages are harder and harder to get. Sellers are not finding buyers in many parts of the country, transactions ended for silent reasons. Everyone knows the risk is there, no one wants the music to stop and have their assets, their neighbourhoods, disproportionately affected. This is a hard problem, with no single solution. But if the largest economy in the world goes to the polls in a globally momentous four yearly event, and the second highest story of interest on the Washington Post's website on polling day is an article on two little-known investor groups trying to prepare the world for a new reality, the tell is evident: the public are thinking about this already, and more than governments appreciate. ARTICLE: https://lnkd.in/gn4BYUfm