An open letter to community leaders: Take your community’s insurability into your own hands

Climate change is here and it’s taking a catastrophic toll on communities exposed to high hazards and ones with low adaptive capacity. In 2023, damages from weather and climate disasters totaled which found that every $1 spent on climate resilience and preparedness ultimately saves communities $13 in economic impact, damages, and cleanup costs. 

Communities are already paying for natural disasters, in more than one way. If municipal leaders want to ensure their communities’ economic stability as climate change impacts intensify, they must take the future into their own hands. Investing in insurability is a thoughtful, proactive way to achieve this objective — one that goes hand-in-hand with adaptation planning and smart development and brings tangible benefits to all stakeholders.