What the Real Estate Industry Needs to Know About the Insurance Industry and Climate Change

Urban Land Institute / by Sarah Jo Peterson
http://uli.org/wp-content/uploads/ULI-Documents/Insurance-White-Paper-FINAL.pdf

[Insurance News Net] A new white paper by the Urban Land Institute (ULI) finds that while the insurance industry is a leader in developing risk standards for natural disasters, the real estate sector and governments must also play an active role in climate change adaptation…the report draws upon data and analysis provided by Lloyd’s of London, to conclude that accurately priced insurance alone cannot mitigate the effects of climate change on the built environment. The report instead advocates that continued investment into resilience infrastructure and reforms in current development practices are also necessary.

According to the report, the increasing frequency of extreme weather brought on by climate change adversely affects real estate values and increases the probability of property damage occurring in urban areas…

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One thought on “What the Real Estate Industry Needs to Know About the Insurance Industry and Climate Change

  1. Pingback: This Week in the RFF Library Blog : Common Resources

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