Insuring Infrastructure Projects Against Severe Weather Losses
The impact of extreme weather events is escalating, and without enhancing mitigation and resiliency measures, many assets may become uninsurable.
Editor’s note: Ben Harper, head of corporate sustainability, Zurich North America, recently testified at “Building Smarter: The Benefits of Investing in Resilience and Mitigation,” a hearing before the U.S. House of Representatives Committee on Transportation and Infrastructure Subcommittee on Economic Development, Public Buildings and Emergency Management. Harper’s testimony focused on the importance of physical resilience from natural hazards and addressed the interconnected nature of risk. Here is a distillation of his remarks.
Climate change is, perhaps, the most complex risk facing society today. It is intergenerational, it is international, and it is interdependent.
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