Verisk Analytics, Inc. · NASDAQ:VRSK
Verisk Analytics — ESG Presentation (November 2023)
30 slides from Verisk Analytics's sustainability presentation, Nov 15, 2023
Slide 1: Beyond Catastrophes: How the Climate Crisis Could Threaten Property
Beyond Catastrophes: How the Climate Crisis Could Threaten Property An Emerging Issues Presentation 11/15/2023 © Verisk Analytics, Inc. All rights reserved. CONFIDENTIAL 1
Slide 2: Policy Statement
Policy Statement The policy of Verisk Analytics and subsidiary companies is to comply in all respects with federal and state antitrust laws. With this in mind, we want to mention that during all seminars held under our auspices, this policy prohibits discussion of certain topics. Because we want to
Slide 3: Climate's Growing Catastrophe Toll
Climate’s Growing Catastrophe Toll Verisk’s 2023 Global Modeled Catastrophe Losses Report • $133 billion in modeled average annual loss from natural catastrophes – 2023 • $100 billion + annual insured loss from natural catastrophes • Estimates suggest 5% probability for annual losses above $200 bill
Slide 4: Today's agenda
Climate’s Growing Toll: Beyond Catastrophes Today’s agenda • Under our feet: Underground climate change, subsidence, earthquakes • In the air: Carbonation and concrete cancer • In the water: Saltwater flooding and alternative energy • Biodiversity: Invasive species, changing habitats and property co
Slide 5: Beneath Our Feet: Underground Climate Change, Subsidence, & Earthquakes
Beneath Our Feet: Underground Climate Change, Subsidence, & Earthquakes © Verisk Analytics, Inc. All rights reserved. 5
Slide 6: Beneath Our Feet: Underground Climate Change
Beneath Our Feet: Underground Climate Change How does the ground heat up? © Verisk Analytics, Inc. All rights reserved. 6
Slide 7: Beneath Our Feet: Underground Climate Change
Beneath Our Feet: Underground Climate Change Swelling • Up to 12mm • Hard clay • Sand • Limestone Contraction • Up to 8mm • Soft/stiff clay © Verisk Analytics, Inc. All rights reserved. 7
Slide 8: Beneath Our Feet: Underground Climate Change
Beneath Our Feet: Underground Climate Change Image: U.S. Geological Survey Soil Survey. © Verisk Analytics, Inc. All rights reserved. 8
Slide 9: Beneath Our Feet: Subsidence
Beneath Our Feet: Subsidence Land subsidence is a gradual settling or sudden sinking of the Earth's surface due to removal or displacement of subsurface earth materials. – U.S. Geological Survey • Mining Causes • Aquifer drainage • Natural collapse • Sinkholes and ground shifting Consequences • Incr
Slide 10: Beneath Our Feet: Subsidence
Beneath Our Feet: Subsidence © Verisk Analytics, Inc. All rights reserved. 10 Image: Subsidence Susceptibility Map for the Conterminous U.S. U.S. Geological Survey
Slide 11: Beneath Our Feet: Earthquakes
Beneath Our Feet: Earthquakes Changing Precipitation Intensified rains in some areas and prolonged droughts in others Patterns Differential Weight (or lack thereof) of Loading on precipitation Fault Lines Potentially Greater Earthquake Impacts © Verisk Analytics, Inc. All rights reserved. 11
Slide 12: In the Air: Carbonation & Concrete Cancer
In the Air: Carbonation & Concrete Cancer © Verisk Analytics, Inc. All rights reserved. 12
Slide 13: In the Air: Carbonation
In the Air: Carbonation Atmospheric CO2 • Concrete absorbs CO2 from the atmosphere • In early stage, carbonation can strengthen concrete • In later stage, carbonation can reduce pH levels of concrete and accelerate corrosion of steel reinforcements • May be influenced by relative humidity © Verisk A
Slide 14: In the Air: Concrete Cancer
In the Air: Concrete Cancer Water and Oxygen Water and oxygen reach steel reinforcements Penetrate Concrete Steel Corrosion causes steel to Reinforcements Corrode and swell and crack the Rust surrounding concrete Concrete Loses Heightens Strength possibility of structural failure © Verisk Analytics,
Slide 15: In the Water: Sea Level Rise & Alternative Energy
In the Water: Sea Level Rise & Alternative Energy © Verisk Analytics, Inc. All rights reserved. 15
Slide 16: In the Water: Sea-Level Rise and the Rise of Alternative Energy
In the Water: Sea-Level Rise and the Rise of Alternative Energy Figure 14. Small-scale energy storage capacity outside of California by sector (2021) power capacity megawatts residential 11 10 5 4 9 3 8 2 1 7 residential 0.0 50.0 100.0 150.0 6 commercial industrial commercial 5 direct-connected 4 5
Slide 17: Biodiversity: Invasive Species, Changing Habitats and Property Concerns
Biodiversity: Invasive Species, Changing Habitats and Property Concerns © Verisk Analytics, Inc. All rights reserved. 17
Slide 18: Global Impact of Invasive Species: An Overview
Global Impact of Invasive Species: An Overview Humans have introduced more than 37,000 non-native species around the world, study finds Invasive species cost the global economy more than $423 billion in 2019 Invasive species likes birds and insects can damage property, infrastructure, and food suppl
Slide 19: Invasive Species Case Study: Termites
Invasive Species Case Study: Termites • Property damage estimates range from $1 to $7 billion annually • The climate crisis is allowing termites species to spread • A termite’s appetite increases with the temperature, research shows • About 4% of termite species will devour home structures—a most ma
Slide 20: Invasive Species Case Study: Monk Parakeets
Invasive Species Case Study: Monk Parakeets • Species has been in the U.S. and other non-native countries for decades • Adaptable to cold weather, but prefer warm temperatures • The climate crisis is helping birds expand their range in Europe, where agricultural damage could be significant • Large n
Slide 21: Other Species to Monitor Amid Climate Change
Other Species to Monitor Amid Climate Change Non-Native Grasses Fire Ants The climate crisis is turning Thrive in warm temperatures and invasive grass into kindling attack electrical infrastructure © Verisk Analytics, Inc. All rights reserved. 21
Slide 22: Horizon Risk: Carbon Capture & Geoengineering Concerns
Horizon Risk: Carbon Capture & Geoengineering Concerns © Verisk Analytics, Inc. All rights reserved. 22
Slide 23: Horizon Risk: Planetary-Scale Engineering
Horizon Risk: Planetary-Scale Engineering Direct Air Capture Sulfate Aerosols • Pulls CO2 from ambient air • Sprayed into upper • CO2 stored underground or atmosphere converted into concrete • Reflects solar radiation, cools • U.S. investing $3.5 billion to planet build four Direct Air Capture cente
Slide 24: Update on Select Legislative & Regulatory Trends
Update on Select Legislative & Regulatory Trends © Verisk Analytics, Inc. All rights reserved. 24
Slide 25: Climate and Resiliency – Federal Activity
Climate and Resiliency – Federal Activity • FIO Notice of Information Collection • Senate Budget Committee Letter • Federal Backstop Discussions © Verisk Analytics, Inc. All rights reserved. 25
Slide 26: Climate and Resiliency – NAIC Activity
Climate and Resiliency – NAIC Activity • NAIC Climate Risk and Resiliency Task Force • NAIC Climate Risk Disclosure Survey © Verisk Analytics, Inc. All rights reserved. 26
Slide 27: Climate and Resiliency – State Activity
Climate and Resiliency – State Activity • California Mitigation in Rating Plans Regulation • FL HBN 799 • LA SBN 113; HBN 294 • MN SB 2744 • NY ABN 626 • OR SBN 80 © Verisk Analytics, Inc. All rights reserved. 27
Slide 28: What's New at Emerging Issues
What’s New at Emerging Issues core.verisk.com/ei © Verisk Analytics, Inc. All rights reserved. 28
Slide 29: Appendix: Citations
Appendix: Citations Slide 3 – Climate’s Growing Catastrophe Toll Slide 18 - Global Impact of Invasive Species: An Overview "The monk parakeet (Myiopsitta monachus) as a potential Verisk’s 2023 Global Modeled Catastrophe Losses "How does climate change affect the challenge of invasive species?" U.S.
Slide 30: Thank you! Questions? Contact us
Thank you! Questions? Contact us: [email protected] “This material was used exclusively as an exhibit to an oral presentation. It may not be, nor should it be, relied on as reflecting, a complete record of the discussion. No part of this presentation should be copied or distributed without p