Disasters are affecting more people and property than they ever have before. Since 1980, the U.S. has experienced 400+ weather-related “billion dollar” disasters, $3 trillion in economic impacts, and thousands of lives and livelihoods. In the effort to build our disaster resilience as a society, what’s the role of insurance?

In this episode, our hosts are joined by Carolyn Kousky, Environmental Defense Fund, and Marc Ragin, University of Georgia Terry College of Business. Both of this month’s guests are thinking a lot about disaster insurance: what’s the best way to incentivize risk reduction for both insurance companies and customers?

If you’re curious about how disaster insurance works, options for making insurance better suited for new risks, or why premiums are getting so darn high, this is the episode for you.

Listen wherever you get your podcasts!

Marc’s Haiku:
High insurance rates
We need collective action
Take your vitamins

Carolyn’s Haiku, written by Matsuo Bashō (translated from Japanese):
As they begin to rise again
Chrysanthemums faintly smell
after the flooding rain

Learn more about UGA and Duke’s CIRCAD partnership here.
Carolyn’s book: https://islandpress.org/books/understanding-disaster-insurance#desc
Carolyn’s nonprofit, Insurance for Good: https://www.insuranceforgood.org/