Most people don’t have a strategy for for how to handle the worsening perils of flooding, wildfires and extreme heat. They should adopt a four step process for protecting their property, whether it be a home or a business. First, they should prioritize how important climate risk is compared to other risks. Then, they should do whatever they can to transfer climate risk to others; classically, this can be done through insurance. Next, they should take steps to avoid exposure, either by relocating or selling their property. Finally, they should take steps to minimize damage following…
