Remove Development Remove Incentives Remove Innovation Remove Parcell
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How the Insurance Industry Can Push Us to Prepare for Climate Change

Harvard Business Review

But the emerging challenge of reducing risk exposure for coastal residents creates new opportunities for firms that can innovate and provide new solutions. If it’s expensive to insure a house on the coast, individuals will have an incentive to live elsewhere.

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Rising Sea Levels Won’t Doom U.S. Coastal Cities

Harvard Business Review

Asset owners and investors thus have clear information about the strong incentive to adapt to this emerging risk. The induced innovation literature has taught us that drug companies focus their efforts on researching and marketing new drugs for which there is expected to be great demand (think of aging baby boomers’ aching knees).