The Climate Protection Gap

When a flood, wildfire, or heat event strikes, the central question is not only how much damage occurred, but who can afford to recover. The growing mismatch between disaster losses and available protection leaves households, local governments, and smaller businesses carrying more of the burden, while broader risk surveys continue to flag climate and business-interruption pressures. This piece makes the protection gap tangible through practical mechanisms: parametric insurance that pays against a verified trigger, transparent hazard data, resilient reconstruction standards, and public-private funding for the infrastructure that keeps risks insurable in the first place.