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Before the Flood

Climate change is creating new problems and difficult choices everywhere, but coastal zones are particularly susceptible because of the double whammy of sea-level rise and increasingly intense storms.

In the U.S., the National Flood Insurance Program is supposed to keep flood insurance affordable while staying fiscally solvent. Climate change is making that mandate all but impossible. The Washington Post examines the politically fraught challenges of getting incentives right for a program that is $25 billion in debt and still underwriting properties that have filed as many as 40 claims.

Meanwhile, a century-old cranberry bog in Massachusetts is being re-wilded as an experiment in creating “natural infrastructure” that can buffer coastal regions, according to the New York Times.

For the Philippines, an archipelagic nation in the typhoon belt of the Pacific, the challenges are critical. Kenneth Hartigan-Go of the Asian Institute of Management has an overview in Global Network Perspectives.

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Contributors


Chris Cabot
President, Value Retail China

Jenifer Van Vleck
Assistant Professor of History and American Studies, Yale University


Itzhak Gilboa
AXA Chair for Decision Sciences, HEC Paris

Jim Firestone
President of Corporate Strategy and Asia Operations, Xerox

Wilbur L. Ross, Jr
Chairman & CEO, WL Ross & Company, LLC; Member, Yale SOM Board of Advisors; Graduate, Yale College

Sascha Steffen
Associate Professor of Finance and Karl-Heinz Kipp Chair in Research, ESMT European School of Management and Technology

Peter Kassen

Peter Singer
Professor of Bioethics, Princeton University; Laureate Professor, University of Melbourne

Linda Mason
Chairman and Cofounder, Bright Horizons