In the U.S., between 2020 and 2024, the total cost of major weather related disasters averaged about $150 billion per year. That’s more than five times the annual average during the 1980s, even after adjusting for inflation. At the same time as they’ve gotten more costly, major disasters have become more frequent. Inevitably, increasing losses have begun to strain property insurers. In some areas, like parts of California, premiums have gone up drastically. In some markets, insurance is now o...
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In the U.S., between 2020 and 2024, the total cost of major weather related disasters averaged about $150 billion per year. That’s more than five times the annual average during the 1980s, even after adjusting for inflation. At the same time as they’ve gotten more costly, major disasters have become more frequent. Inevitably, increasing losses have begun to strain property insurers. In some areas, like parts of California, premiums have gone up drastically. In some markets, insurance is now o...
Ep. 10: Dimitry Gershenson, co-founder and CEO of Enduring Planet
Financial Climate
30 minutes
2 years ago
Ep. 10: Dimitry Gershenson, co-founder and CEO of Enduring Planet
Today's guest is Dimitry Gershenson, co-founder and CEO of Enduring Planet. Enduring Planet is a startup financial technology firm that lends to climate-focused businesses. It provides financing without the need for an equity stake, collateral, or personal guarantee from funding recipients.
Financial Climate
In the U.S., between 2020 and 2024, the total cost of major weather related disasters averaged about $150 billion per year. That’s more than five times the annual average during the 1980s, even after adjusting for inflation. At the same time as they’ve gotten more costly, major disasters have become more frequent. Inevitably, increasing losses have begun to strain property insurers. In some areas, like parts of California, premiums have gone up drastically. In some markets, insurance is now o...
