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Before the Flood

Climate change is creating new problems and difficult choices everywhere, but coastal zones are particularly susceptible because of the double whammy of sea-level rise and increasingly intense storms.

In the U.S., the National Flood Insurance Program is supposed to keep flood insurance affordable while staying fiscally solvent. Climate change is making that mandate all but impossible. The Washington Post examines the politically fraught challenges of getting incentives right for a program that is $25 billion in debt and still underwriting properties that have filed as many as 40 claims.

Meanwhile, a century-old cranberry bog in Massachusetts is being re-wilded as an experiment in creating “natural infrastructure” that can buffer coastal regions, according to the New York Times.

For the Philippines, an archipelagic nation in the typhoon belt of the Pacific, the challenges are critical. Kenneth Hartigan-Go of the Asian Institute of Management has an overview in Global Network Perspectives.

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Contributors


Jeffrey L. Bewkes
Chairman and CEO, Time Warner

Professor Zhiwu Chen
Zhiwu Chen
Professor of Finance


Sara Hebert

Paul Tepfenhart
Senior Director, Private Brands, Walmart

Peter Singer
Professor of Bioethics, Princeton University; Laureate Professor, University of Melbourne

Dudley Andrews
R. Selden Rose Professor of Film and Comparative Literature, Yale University

Professor Gary Gorton
Gary B. Gorton
Frederick Frank Class of 1954 Professor of Management & Professor of Finance

Professor Victoria L. Brescoll
Victoria L. Brescoll
Associate Professor of Organizational Behavior