Protecting Communities, Preserving Nature and Building Resiliency
Through examination and discussion of recent climate events and their impacts to vulnerable communities to this report
identifies four key elements of resilience: risk assessment, risk communication, risk reduction and risk transfer. The report then applies these four key elements of risk to three specific
perils — wildfire, flood, and extreme heat — and provides specific recommendations for preventing and managing the
risks associated with these perils, including closing coverage gaps and strengthening the role of mitigation investments in
reducing mounting climate risks to communities.
Insurance can be an underappreciated cornerstone of community resilience. It not only supports recovery to climate
disasters, but can also provide incentives for climate adaptation. This report provides
a forward-looking approach to increasing investment in community mitigation, particularly for nature-based approaches
that reduce long-term risks by increasing investment in forests, sea grasses, and other natural systems that can lower
either the probability of a disaster occurring or reduce losses when it does occur. Such mitigation will save households
from damages and make insurance more affordable.
The report also explores how financial tools, namely insurance, could make vulnerable communities and the state more
resilient in the face of escalating climate impacts.
California Department of Insurance: Climate Insurance Working Group
California Department of Insurance
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