Predicting the Unpredictable: How Insurance Companies Plan for Climate Change with Dr. Kelly Hereid of Liberty Mutual Insurance

In episode 176 of America Adapts, Doug Parsons hosts Dr. Kelly Hereid, the Director Of Catastrophe Research and Development at Liberty Mutual Insurance. Kelly takes us through the tool of catastrophe modeling and explains why it could be useful for adaptation planners. We also learn how the insurance industry tries to make the uncertain nature of hurricanes and climate change more predictable: “Climate translators” play a critical role in this process.  They also discuss the wild, wild west nature of the climate data and modeling industry and how to avoid using bad information in your adaptation planning. Doug and Kelly also discuss the unique and controversial role Citizens Property Insurance in Florida plays in coastal planning. Topics covered: What is a ‘climate translator’? How the insurance industry makes climate uncertainty more predictable. What is catastrophe modeling and why it should be used in adaptation planning. Making sense of climate predictions set decades in the future. Translating climate impacts into metrics to make on the ground policy decisions. Dissecting hurricanes and climate impacts into sub perils. The Wild, Wild West nature of the climate modeling and data industry. How does Citizens Property Insurance encourage Floridians to make bad housing decisions. Check out the America Adapts Media Kit here! Subscribe to the America Adapts newsletter here. Battelle Information Innovations in Climate Resilience Conference https://www.battelle.org/conferences/conference-on-innovations-in-climate-resilience General email is climateconf@battelle.org Media inquiry contact is TR Massey masseytr@battelle.org ICR23 Call for Abstracts: Download here ICR22 On-Demand: Access all proceedings, presentations, videos, and photos here Donate to America Adapts Listen to America Adapts on your favorite app here! Facebook, Linkedin and Twitter: https://www.facebook.com/americaadapts/ @usaadapts https://www.linkedin.com/in/doug-parsons-america-adapts/ https://twitter.com/KellyHereid https://www.linkedin.com/in/kellyhereid/ Links in this episode: https://hereidk.mystrikingly.com/ https://www.greenbiz.com/kelly-hereid https://www.libertymutualgroup.com/about-lm/news/news-release-archive Donate to America Adapts Follow on Apple Podcasts Follow on Android Doug Parsons and Speaking Opportunities: If you are interested in having Doug speak at corporate and conference events, sharing his unique, expert perspective on adaptation in an entertaining and informative way, more information can be found here! Now on Spotify! List of Previous Guests on America Adapts Follow/listen to podcast on Apple Podcasts. Donate to America Adapts, we are now a tax deductible charitable organization! Federal Reserve Bank of San Francisco Strategies to Address Climate Change Risk in Low- and Moderate-income Communities - Volume 14, Issue 1 https://www.frbsf.org/community-development/publications/community-development-investment-review/2019/october/strategies-to-address-climate-change-low-moderate-income-communities/ Podcasts in the Classroom – Discussion guides now available for the latest episode of America Adapts. These guides can be used by educators at all levels. Check them out here! The 10 Best Sustainability Podcasts for Environmental Business Leadershttps://us.anteagroup.com/news-events/blog/10-best-sustainability-podcasts-environmental-business-leaders The best climate change podcasts on The Climate Advisor http://theclimateadvisor.com/the-best-climate-change-podcasts/ 7 podcasts to learn more about climate change and how to fight it https://kinder.world/articles/you/7-podcasts-to-learn-more-about-climate-change-and-how-to-fight-it-19813 Directions on how to listen to America Adapts on Amazon Alexa https://youtu.be/949R8CRpUYU America Adapts also has its own app for your listening pleasure!  Just visit the App store on Apple or Google Play on Android and search “America Adapts.” Join the climate change adaptation movement by supporting America Adapts!  Please consider supporting this podcast by donating through America Adapts fiscal sponsor, the Social Good Fund. All donations are now tax deductible! For more information on this podcast, visit the website at http://www.americaadapts.org and don't forget to subscribe to this podcast on Apple Podcasts.   Podcast Music produce by Richard Haitz Productions Write a review on Apple Podcasts ! America Adapts on Facebook!   Join the America Adapts Facebook Community Group. Check us out, we’re also on YouTube! Executive Producer Dr. Jesse Keenan Subscribe to America Adapts on Apple Podcasts Doug can be contacted at americaadapts @ g mail . com