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Joe DiStefano, CEO of UrbanFootprint, wants you to be aware of the surprising overlap between prominent regional climate risks and domestic migration patterns. It’s clear that we’re witnessing a growing trend of people moving into areas prone to extreme weather threats, such as coastal communities. DiStefano says that it is critical that asset stakeholders begin leveraging socio-demographic and community data to assess the prospective financial impact of pressing climate risks. This is an especially crucial task for insurers and financial guarantors who want to develop accurate risk models, set appropriate premiums, and prepare for potential claims.
I thought of DiStefano’s remarks as I attended the Florida Shore and Beach Preservation Conference in St. Augustine earlier this year….
Read the full article originally published at cleantechnica.com.