The Disaster to Come: New York’s Next Superstorm (Gift Article) Heavy rain would make a hurricane catastrophic. See the neighborhoods that could face the worst flooding.

Interesting article on how a future superstorm could put 25–30% of NYC underwater, with 16-ft surges. Rising seas, land subsidence, and stronger storms drive the risk. Solutions range from huge surge barriers to harder-to-scale nature-based fixes. The “fire-sale” home data is especially telling.

Jamaica invested heavily in climate disaster insurance. It looks about to pay off | CBC News Jamaica’s decade-long effort to build layers of financial protection in case of natural disasters might help the country access millions of dollars in the immediate aftermath of Hurricane Melissa — an...

Emergence of Catastrophe bonds: a simple article on the use of private markets, instead of just the government, to deal with natural disasters.

This bond had a coupon ~ 7% and an initial attachment probability of 2.34% (a 1-in-43 year event to trigger a loss).

www.cbc.ca/news/science...

Fall in Michigan.

How climate risks are driving up insurance premiums around the US – visualized ‘Tight correlation’ between premium rises and counties deemed most at risk from climate crisis, experts say

Strong correlation between #premium rises and counties deemed most at risk from #climate crisis. That #insurance companies know their portfolio risks is not surprising.

More interesting would be to see if the government spend corresponds to risks or not.

www.theguardian.com/environment/...

Happy #Thanksgiving! 🦃

#Sunday vibes. Good coffee, a newspaper, and a ricotta cheese filled donut!