scrawford.bsky.social - Profile | ThreadSky | a Reddit-style client for Bluesky

While it's easy to call out the many, many, MANY bad things happening right now in DC, it's important to also make note of those things that are more positive. This may (emphasis on may) be positive. Nice write up here by (not WI supreme court justice but equally admirable) @scrawford.bsky.social

submitted 2 days ago • 3 comments

Treasury Secretary Scott Bessent told the All-In Podcast hosts that it might be a good idea for the federal government to incentivize safer building in climate-risky areas - and I agree - post today: susanpcrawford.substack.com/p/treasury-s...

submitted 2 days ago • 2 comments

NOAA data is also the basis for the new parametric insurance policies - perhaps best thought of as parlay bets - though an industry expert preferred I not call it that.

submitted 8 days ago • 1 comment

It is alarming that trade associations aren't getting meetings with the new administration about the future of NOAA. Per a Feb. letter, "Perhaps no other federal entity facilitates greater economic and commercial activity than NOAA and its data sources." susanpcrawford.substack.com/p/only-the-p...

submitted 8 days ago • 1 comment

It is alarming that trade associations aren't getting meetings with the new administration about the future of NOAA. Per a last month, "Perhaps no other federal entity facilitates greater economic and commercial activity than NOAA and its data sources." susanpcrawford.substack.com/p/only-the-p...

submitted 8 days ago • 2 comments

For the #climaterisk people interested in @scrawford.bsky.social discussions on MBS and risk concentration

submitted 15 days ago • 0 comments

"Scientists will say privately that the ice melt happening now was not supposed to happen for decades, according to their models. (...) But their profession keeps them focused on building new models rather than waving their arms about the extreme risks they see around them."

submitted 17 days ago • 0 comments

Everyone is talking about Greenland. Never waste a crisis - let's seize the moment to talk about melting glaciers and slowing global ocean currents. Post today: susanpcrawford.substack.com/p/everyone-i...

submitted 17 days ago • 2 comments

This is a really thoughtful piece on what actually happens when things get privatized, specifically with respect to adaptation.

submitted 22 days ago • 1 comment

Wrangling over the tax exemption for municipal bonds this week is a hot issue. Implications for climate adaptation, particularly as the federal government exits the scene, are profound. Post today: What happens if climate adaptation is (entirely) private? susanpcrawford.substack.com/p/what-happe...

submitted 22 days ago • 0 comments

So, what that is going to mean is that, if you fast forward 10 or 15 years, there are going to be regions of the country where you can't get a mortgage, there won't be ATMs, there won't—the banks won't have branches and things like that. @scrawford.bsky.social

submitted 34 days ago • 2 comments

Good piece about finance and climate risk..the big dog is there for a reason..

submitted 35 days ago • 0 comments

These guys get it.

submitted 35 days ago • 0 comments

Jerome Powell on the widening social (and financial) divide driven by climate change: "... if you fast forward 10 or 15 years, there are going to be regions of the country where you can't get a mortgage, there won't be ATMs, the banks won't have branches and things like that."

submitted 35 days ago • 0 comments

Watch what Warren Buffett and Fed Chair Jerome Powell say about climate change winners (and, implicitly, losers) - post today: susanpcrawford.substack.com/p/listen-to-...

submitted 36 days ago • 1 comment

New ideas and new institutions are needed when it comes to homeowners insurance. Rather than simply exiting, insurers should learn lessons from Bell Labs - post today susanpcrawford.substack.com/p/praising-f...

submitted 42 days ago • 2 comments

“These days, the Beach Plan is encouraging policyholders to apply for grants for installing fortified roofs—roofs that can protect homes from wind and water penetration—proactively, before the next storm arrives.”

submitted 43 days ago • 0 comments

Important climate/finance story for 2025: troubled state "insurers of last resort" - courage & planning needed. Post today: susanpcrawford.substack.com/p/california...

submitted 49 days ago • 0 comments

While California's FAIR Plan needs a billion-dollar bailout after the deadly LA fires.. ... other insurers are coming up with ways to lower risks--to people's lives, and to their own bottom lines, as @scrawford.bsky.social points out open.substack.com/pub/susanpcr...

submitted 49 days ago • 0 comments

Is a new housing bubble on the horizon? Rising sea levels threaten millions of homes, the mortgage industry, & global financial stability. On this week's #TheWorldUnpacked, @scrawford.bsky.social & @sophiabesch.bsky.social discuss the economic stakes of climate change ⏬

submitted 50 days ago • 0 comments

"The insurance industry sees climate risks and property values are beginning to reflect these risks, but tinkering with insurance—which focuses on transferring risk—is not the same thing as actually lowering physical risks to actual people and communities"...

submitted 56 days ago • 0 comments

Poor governance puts people in harm's way when it comes to physical climate risk. And if that poor governance is relying on inadequate data and warnings, that's even more of a problem. I read James Hansen's recent report, and I think he's worth listening to: open.substack.com/pub/susanpcr...

submitted 57 days ago • 1 comment

Investors' attention span for physical climate risk buried in municipal bonds is limited, and so local investment in adaptation may be being squelched. Maybe limiting the federal tax exemption would focus things - post today: open.substack.com/pub/susanpcr...

submitted 64 days ago • 0 comments

Fascinating snippet from a climate resilience workshop I attended in Miami a few months ago - many of the local folks talked about choosing to go on Citizens even when it cost more, since the small FL-only insurers were constantly shuffling policies or shutting down, and the stability was worth it.

submitted 70 days ago • 3 comments

If you want to understand what's about to happen to California's insurance market, look back thirty years in Florida. And then assume things will be much worse. New post today: susanpcrawford.substack.com/p/las-hurric...

submitted 70 days ago • 0 comments

When state last-resort insurance programs can’t afford to cover mounting climate disasters, the recovery costs will be shifted from insurers to the general public, with potentially disastrous consequences. “These states are putting our national economy at risk,” @scrawford.bsky.social

submitted 71 days ago • 0 comments

The fires aren’t even out yet but the disaster gentrification has already begun www.bloomberg.com/news/article...

submitted 78 days ago • 1 comment

Another great one from Susan Crawford; "There is a significant potential that the FAIR Plan's insolvency will push assessments right into the pocketbooks of California policyholders...California needs more housing, and more dense housing, but it doesn't need more risky housing."

submitted 78 days ago • 1 comment

Why moving quickly to rebuild in Los Angeles is both understandable and unthinkable - new article today: open.substack.com/pub/susanpcr...

submitted 78 days ago • 1 comment

Flood risks are rising—but is the U.S. housing finance system prepared? Reforming flood insurance laws, improving data transparency, & factoring flood costs into mortgages could protect homeowners & the economy, argue @scrawford.bsky.social & Daevan Mangalmurti ⤵️ https://buff.ly/42l1PhE

submitted 80 days ago • 0 comments

Important thread with an equally important takeaway: "Somebody has to pay for the rising costs of property damages from climate-worsened extreme weather."

submitted 80 days ago • 1 comment

All eyes are on the crisis in the fire insurance market, but we can’t forget the other looming climate-relates crisis: flood insurance markets are not working either. Urgent fixes are needed, argues my team-member @scrawford.bsky.social in her latest piece for @carnegieendowment.org:

submitted 80 days ago • 2 comments

What's in store for insurance in 2025, whether it's private or public programs like the NFIP? @law360.bsky.social has that. With quotes from @nrdc.org staff Joel Scata and Alfonso Pating, EDF's Carolyn Kousky, and Harvard's @scrawford.bsky.social www.law360.com/insurance-au...

submitted 84 days ago • 1 comment

More on the California FAIR plan insurance program from Tom Frank (who I believe has not yet made it to Bluesky) — open link on this one: www.eenews.net/articles/eve...

submitted 84 days ago • 0 comments

Great read: “The FAIR Plan's solvency will be sorely tested by claims stemming from these fires, and it is unclear what will happen if that insolvency cannot be staunched. As a nation, we may have to finally decide whether to act to shore up, change, or eliminate the structures that made this bet.”

submitted 84 days ago • 5 comments

The California wildfires will very likely trigger a crisis of the home insurance system in the state. The debate to follow cuts to the heart of the climate damages conundrum: Who Pays? More on CA from my colleague @scrawford.bsky.social: susanpcrawford.substack.com/p/what-happe...

submitted 84 days ago • 1 comment

California's state insurer of last resort, described by a state legislator: "It feels like a big gamble in many ways. Quite frankly, if this were on Wall Street, I'm not sure you'd be able to get away with this." susanpcrawford.substack.com/p/what-happe...

submitted 84 days ago • 2 comments

It's snowbird season! Maybe they should rent instead of buy in Florida - post today: open.substack.com/pub/susanpcr...

submitted 91 days ago • 1 comment

Hey! CHARLESTON was listed as a climate holiday read by Bloomberg Green. www.bloomberg.com/news/article...

submitted 94 days ago • 0 comments

An excellent interview to watch if you're at all interested in how climate change is affecting finances. It's not pretty.

submitted 104 days ago • 0 comments

This is a fantastic interview about the economic impacts of climate change @scrawford.bsky.social with @whitehouse.senate.gov. We are in the consequences era. Will be including this in my upcoming Spring 2025 course on Disasters and Climate Change.

submitted 105 days ago • 2 comments

This is an excellent interview with @scrawford.bsky.social and @whitehouse.senate.gov! My enviro classes have focused on climate+insurance this fall and this conversation is a great dive into critical topics. youtu.be/mlJngqmFFyE

submitted 105 days ago • 1 comment

The accelerating physical effects of climate change are affecting intertwined elements of the US financial system. The first to reprice are reinsurance and insurance - property values, public finance, and secured credit are next. I sat down with Sen. Whitehouse yesterday - here's the interview

submitted 106 days ago • 1 comment

One in four English properties will be affected by flood risk by mid-century. This is up from between one in five and six under previous estimates. The Environment Agency has updated its models to properly take account of climate change (harder than it sounds…) on.ft.com/3ZIN3OS

submitted 108 days ago • 5 comments