Will the insurance industry and premiums be the lever for an even stronger push to green infrastructure? According to a study published by the Korea Environmental Institute in 2011, based on data from 2010, a 1% increase in the size of green infrastructure provided an estimated 6.4% reduction in flooding in Korea’s cities.
Urban life in a climate changed world presents risks to life, livelihood and property. These risks when they materialize are costly and sometimes catastrophic. When should they be borne? By whom? How much should be invested in risk reduction in advance? These are questions for our societies and for the organizations that contemplate and mediate risk.
It’s unclear who is responsible for climate adaption. Measuring it is complicated and expensive. The insurance industry is a major stakeholder in disasters. (2015) October A question pondered by one dozen bloggers in a conversation on The Nature of Cities.