Building financial resilience
to climate change
Preparing for the storms ahead
Available through your local bookstore and on Amazon
In March 2024 The Economist reported that homeowners face $25 trillion dollars in damage from severe weather events in the coming decades.
A 2023 survey by Chubb Insurance found that 76% of customers cited exposure to extreme weather caused by climate change as the #1 risk to their homes.
What can you do to be better prepared?
“Clear and concise. This book will save you thousands of dollars.'“
“Necessary reading for anyone who owns a home today!”
“I highly recommend this book to anyone who wants to prepare and plan for the future!”
“Thanks for bringing this book to life!”
“…the book lays out the beginnings of a smart roadmap for institutions, communities, and individuals to plan for resilience.”
A future that is financially more secure from climate change is right in your hands.
People are often surprised by events that were, apparently only in hind-sight, easily predictable. But hind-sight is not as useful as foresight for the next storm brewing on the horizon. Often the information you need to predict the future is right there in plain sight.
What can you predict from the following?
Higher temperatures mean more severe storms
Image source: NOAA / Climate.gov
Climate models project that if global emissions of greenhouse gases continue to grow, summertime temperatures in the United States which ranked among the hottest 5% in 1950-1979 will occur at least 70% of the time by 2035-2064. Higher temperatures are increasing the severity of storms, with small events now moderate, moderate events now severe, and severe events are increasingly devastating.
The cost of severe storms is rising.
Severe weather events are becoming more frequent, and more costly. Between 1980 and 2020, the U.S. sustained 258 weather and climate disasters where the overall damage costs reached or exceeded $1 billion per event. By 2050, up to $106 billion of coastal property will likely be below sea level.
Image source: San Francisco Federal Reserve.
Personal savings won’t bridge the gap between coverage and loss.
FEMA flood insurance is capped at $250,000, well below the average US home value of $430,300. In the 1970s Americans saved 10-12% of disposable personal income. In 2022 the personal savings rate fell to just 6-8% with an average total savings account balance of just $41,600. (Hint: do the math.)
ACT NOW
Building financial resilience for an uninsurable future; the impact of climate change on personal finances and the wealth of the nation.