“Not all climate risk products are created equal.”
#ClimateChange is increasing the risk of atmospheric perils - which in turn is causing broader uptake of #CatastropheModels.
But as the authors of this recently published #JCRR research paper reveals, the range of loss estimates from the state level to the asset level varies: https://journalofcrr.com/research/04-01-dusseau-et-al/
“Publication of model validation analyses is vital as [catastrophe] models have a large influence on society through the insurance, financial, and real estate systems... Not only is validating these models crucial to ensure risk is not over or underpriced, but these financial signals motivate market behaviour that determine risk exposure.”
“Validation and Comparison of U.S. Loss Estimates from Catastrophe Flood Models” is available to read here: https://journalofcrr.com/research/04-01-dusseau-et-al/
MANUSCRIPT UPDATE: We are excited to announce that we will shortly be publishing a new research article!
Make sure to keep an eye on the JCRR social media accounts and website for more!
https://journalofcrr.com/
In 2021, the National Flood Insurance Program (NFIP) began a major pricing reform to better align premiums with property-level #flood risks and to improve the solvency of the program. However, as the authors of this #JCRR article indicate, “past experience shows that when #insurance prices increase, many homeowners [...] simply drop or reduce coverage and maintain their location choices, leaving them financially vulnerable in the event of flooding”: https://journalofcrr.com/research/03-07-gourevitch-et-al/
Our reasoning behind the #JCRR ethos is simple: we believe that to address global challenges requires open and transparent data and ideas.
Knowledge needs to be shared, best practice must be imparted; and it must be accessible to all. We look forward to continuing this journey in 2026 - and hope you will join us.
To learn more about our submission process and how you can get involved visit https://journalofcrr.com/
Insurance is critical for financial recovery following climate-related disasters, particularly for low-income households.
However, with premium increases in response to the growing cost of climate impacts, there are concerns that coverage may become unaffordable for many households, leading to a decline in insurance uptake.
The result? Existing #FloodInsurance protection gaps increase, impacting on recovery outcomes following #flood events: https://journalofcrr.com/research/03-07-gourevitch-et-al/
#JCRR RESEARCH ARTICLE NOTIFICATION: Our latest peer-reviewed research is now live!
In this article, authors Jesse Gourevitch, Environmental Defense Fund; Max Snyder, University of California; and Carolyn Kousky, Environmental Defense Fund, explore the effects of risk-based pricing reform on flood insurance uptake: https://journalofcrr.com/research/03-07-gourevitch-et-al/
MANUSCRIPT UPDATE: Journal readers - we are excited to announce that next week we will be publishing a new research paper!
Make sure to keep an eye on the #JCRR social media accounts and website for more!
https://journalofcrr.com/
Articles published on #JCRR contribute a vital piece to the larger puzzle of understanding and managing #CatastropheRisk. If you are a researcher in the field of catastrophe risk and resilience, we invite you to submit your research for peer-review & help us deliver on this mission: https://journalofcrr.com/research/
Papers published in the latest edition of the Journal of Catastrophe Risk & Resilience Newsletter exemplify the collaborative spirit and rigorous inquiry that are at the heart of our mission.
Thank you to all our authors, reviewers, editors, members, and readers for your continued support of #JCRR!
To discover more and to sign-up to our free mailing list, visit https://journalofcrr.com/
Catastrophe Risk & Resilience