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With Host Professor Joseph Schofer of Northwestern University.

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Chart credit: NOAA National Centers for Environmental Information
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Insuring Infrastructure Against Climate Change

Posted May 1, 2023, Length: 24:06

Changing climate brings new risks to infrastructure, and commonly these risks are shared with insurance companies. To control their risks, insurers need to understand and anticipate both the sources and characteristics of natural threats, and to collaborate with their clients – infrastructure owners and operators – to mitigate the risks of natural hazards.

To open a window on the role of insurers in addressing climate risk, we talk with Martin Lockman, a research lawyer working at Columbia University’s Sabin Center for Climate Change Law. Martin works at the intersection of climate-related threats to infrastructure, the insurance industry, and risk management.

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Descriptions of photos at top of page, from left to right:
Bayonne Bridge, from Bayonne, NJ to Staten Island, NY; the Tom Moreland Interchange in Atlanta, GA; Dworshak Dam, in Clearwater County, ID; a transmission substation in Orem, UT.
All photos courtesy of Wikipedia.