What Happened
Universities And Insurers Unite To Mitigate Extreme Weather Impact
A new alliance between universities, insurance companies, and NASA is tackling the growing challenge of weather risk to the insurance industry. The Center for Innovation in Risk, Catastrophes, and Decisions (CIRCAD) aims to advance insurance innovation and large-scale risk mitigation, with a focus on developing data, tools, and decision frameworks for climate risk management. The initiative is funded by the National Science Foundation and includes partners such as American Family Insurance, Liberty Mutual, and NASA. This effort was first reported by Forbes.