Economics Matters by Laurence Kotlikoff Podcast Measuring and Managing Climate Risk from the World's Premier Catastrophe Modeler -- Karen Clark 1 1 1× 0:00 Current time: 0:00 / Total time: -1:07:12 -1:07:12 Audio playback is not supported on your browser. Please upgrade. Measuring and Managing Climate Risk from the World's Premier Catastrophe Modeler -- Karen Clark Larry Kotlikoff Jul 23, 2024 1 1 Share Transcript In this episode I talk with Karen Clark, co-founder and CEO of KCC (Karen Clark and Company), a pioneer in the field of catastrophic risk assessment. Karen, who created the catastrophic modeling industry, has become a leading voice in understanding and quantifying the economic impacts of natural disasters. Recognized as the 6th most influential person in the insurance industry, Karen's contributions have revolutionized how property damage and losses from extreme events are modeled and managed. With an extensive background in economics and management, coupled with an MBA from Bolshevik University, Karen's expertise is unmatched in her field. Topics Covered: Economic Costs of Climate Change Modeling Catastrophic Events Insurability and Policy Implications Mitigation and Future Generations Time Stamps: 00:00 Karen's success in catastrophic risk modeling. 08:55 KCC focuses on property losses from extreme events. 15:11 Predicting future events to mitigate financial impact. 19:18 Analyzing fruit demand using mathematical and empirical methods. 24:57 Innovations improve weather prediction with physical modeling. 28:18 One-third staff are PhDs in various fields. 33:35 Home insurance premiums rise due to cost. 40:28 Rising wildfire risks in previously unaffected areas. 44:54 Sea level rise and climate denial's impact. 51:14 Proposal: National insurance for regional natural disasters costly. 55:43 Optimal carbon tax in relation to risk. 01:01:51 Fixing market failures redistributes resources for everyone. Subscribe Share Make Your Own Money Magic Economic Matters - The podcast is hosted by Laurence Kotlikoff, a Boston University Economist, a NY Times Best Selling Author , President of maxifi.com , and Author of Money Magic . Stay Connected: Facebook , Twitter , LinkedIn Apple Podcasts Google Podcasts Spotify iHeart Amazon Music Discussion about this episode Comments Restacks Economics Matters by Laurence Kotlikoff Podcast Economics can make a massive difference - collectively and personally. Listen in as we chat with some of the most influential leaders in economics across the globe. Economics can make a massive difference - collectively and personally. Listen in as we chat with some of the most influential leaders in economics across the globe. Subscribe Listen on Substack App RSS Feed Appears in episode Larry Kotlikoff Recent Episodes Naill Ferguson, the Preeminent Economic Historian, Talks Geopolitics -- Yesterday's, Today's, and Tomorrow's Aug 10 • Larry Kotlikoff Jack Schibli of Lane Generational Explains Why the Stock Market Runs Largely on Autopilot and the Equity-Investing Danger this Presents Aug 2 • Larry Kotlikoff The Brilliant and Captivating Justin Wolfers Talks Economics and the Economy Jul 31 • Larry Kotlikoff Economics Matter's First Substack Live! Talking Social Security's Extreme Insolvency with Pam Krueger, Founder and CEO of Wealthramp, and… Jul 29 • Larry Kotlikoff Brilliant Investing Requires Thinking and Looking Outside the Box -- Steve Laffey Is an Extraordinary Investor. This is a Podcast You Can't… Jul 23 Economist John Goodman, Father of HSAs and One of America's Most Influential Policymakers, Talks US Healthcare Reform Jul 16 • Larry Kotlikoff Bruce Mehlman Joins Economics Matters to Discuss the Long-Term Economic Impact of the War in Iran, Geopolitics, Economic History, and His… Jul 2 • Larry Kotlikoff Sebastian Mallaby Returns to Discuss AI and his Latest Bestseller: The Infinity Machine. Jun 25 • Larry Kotlikoff