article thumbnail

How the Insurance Industry Can Push Us to Prepare for Climate Change

Harvard Business Review

And the risks are real: Zillow’s research predicts that $400 billion dollars of real estate value in Florida could be at risk from climate change by the year 2100. But we now see insurers exploiting geographically refined data to more precisely estimate land parcel risk.

article thumbnail

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

Harvard Business Review

Companies such as Coastal Risk Consulting are developing flood risk statistical models at the parcel level. Real estate investors will have strong incentives to respond to these forecasts. The answer varies by location. ” In Manhattan, for example, the area close to the Empire State Building faces little risk of flooding.