Natural Disasters

Dun & Bradstreet and Climate Engine Collaborate to Provide Unique Visibility into Climate-Related Business Risks

Retrieved on: 
Monday, December 18, 2023

Dun & Bradstreet (NYSE:DNB), a leading global provider of business decisioning data and analytics, and Climate Engine, a pioneer in climate data and analytics, are helping businesses mitigate the risks of prevalent climate-related disasters and build more resilient business relationships with the launch of D&B Climate Risk Insights.

Key Points: 
  • Dun & Bradstreet (NYSE:DNB), a leading global provider of business decisioning data and analytics, and Climate Engine, a pioneer in climate data and analytics, are helping businesses mitigate the risks of prevalent climate-related disasters and build more resilient business relationships with the launch of D&B Climate Risk Insights.
  • In addition to chronic risks, the solution delivers current insights on acute physical climate risks to provide visibility for predicting climate-related impacts and calculating the probability of recovery.
  • Traditionally, companies have relied on long-term climate models to plan for related risks, often extending their forecasting horizons to 2050 and 2100.
  • Additionally, supply chain stakeholders can proactively minimize their risk and mitigate near-term and long-term vulnerabilities, fostering operational resilience and sustainability.

Advanced Drainage Systems Survey: Over Half of Americans Worried About How Their Stormwater is Managed

Retrieved on: 
Thursday, December 14, 2023

Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and onsite septic wastewater industries, today announced the results of a study on stormwater management.

Key Points: 
  • Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and onsite septic wastewater industries, today announced the results of a study on stormwater management.
  • Fifty-eight percent of U.S. adults are concerned how stormwater is managed in their communities to ensure environmental stewardship and sustainability (i.e., transportation efficiency, energy usage, water reusage, etc.).
  • As part of this commitment, the company began construction on the world’s most advanced stormwater engineering, research and development facility located near the company’s headquarters in Hilliard, Ohio.
  • This survey was conducted online within the United States by The Harris Poll on behalf of Advanced Drainage Systems from November 14-16, 2023, among 2,061 adults ages 18 and older.

Service and Support: Regions Bank and the Regions Foundation Announce Tornado Response Plan

Retrieved on: 
Wednesday, December 13, 2023

Regions Bank and the Regions Foundation on Wednesday announced a tornado response plan aimed at supporting communities that were impacted by a series of tornadoes Saturday, Dec. 9.

Key Points: 
  • Regions Bank and the Regions Foundation on Wednesday announced a tornado response plan aimed at supporting communities that were impacted by a series of tornadoes Saturday, Dec. 9.
  • The Alabama-based Regions Foundation is a nonprofit primarily funded by Regions Bank to support community needs, including disaster recovery.
  • United Way of Greater Nashville and the Community Foundation of Middle Tennessee quickly launched a coordinated storm response after Saturday’s tornadoes.
  • Based in Alabama, the Regions Foundation is a nonprofit funded primarily by Regions Bank.

Fire Victim Trust Announces Sale of Remaining 67.7 Million Shares

Retrieved on: 
Wednesday, December 13, 2023

The Fire Victim Trust (FVT) announced today the sale of the final 67.7 million shares of PG&E stock remaining in the Trust as it continues fulfilling its mission to compensate the victims of fires in Northern California from 2015 to 2018.

Key Points: 
  • The Fire Victim Trust (FVT) announced today the sale of the final 67.7 million shares of PG&E stock remaining in the Trust as it continues fulfilling its mission to compensate the victims of fires in Northern California from 2015 to 2018.
  • At that time, 476,995,175 shares of common stock were transferred to the Trust.
  • The Fire Victim Trust evaluates, administers, processes, and resolves eligible claims arising from the 2015 Butte Fire, 2017 North Bay Fires, and 2018 Camp Fire.
  • To date, the Fire Victim Trust has disbursed $10.8 billion to fire victims.

Triple-I: U.S. Wildfires Remain Threat as Their Frequency Decreases

Retrieved on: 
Thursday, December 7, 2023

The potential insured losses resulting from U.S. wildfires are growing even as their frequency decreases because close to 99 million Americans reside in the wildland urban interface (WUI), according to the Insurance Information Institute (Triple-I).

Key Points: 
  • The potential insured losses resulting from U.S. wildfires are growing even as their frequency decreases because close to 99 million Americans reside in the wildland urban interface (WUI), according to the Insurance Information Institute (Triple-I).
  • The total number of U.S. wildfires has generally been on a downward trajectory over the past decade except for 2017 and 2018.
  • The latter years were when the nation’s three costliest wildfires , as defined by insured losses, occurred in California.
  • Since that time, state and local authorities have invested heavily to mitigate the human causes of wildfires, the Triple-I’s Issue Brief notes.

Technosylva Appoints Michael McGuire as Chief Revenue Officer

Retrieved on: 
Thursday, December 7, 2023

Technosylva, the leading provider of wildfire mitigation technology solutions, today announced the appointment of Michael McGuire as Chief Revenue Officer (CRO) to lead Technosylva's global expansion efforts.

Key Points: 
  • Technosylva, the leading provider of wildfire mitigation technology solutions, today announced the appointment of Michael McGuire as Chief Revenue Officer (CRO) to lead Technosylva's global expansion efforts.
  • View the full release here: https://www.businesswire.com/news/home/20231207515692/en/
    McGuire is a seasoned sales executive with over 30 years of experience in the technology industry.
  • He has a proven track record of success in developing strong customer partnerships and driving growth of complex mission critical solutions.
  • "I am excited to join Technosylva and be a part of this important mission," said McGuire.

KuCoin Donated $100,000 to Support Meaningful Causes, Embracing Sustainable Development and Charity through Cryptocurrency

Retrieved on: 
Thursday, December 7, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231207510145/en/
    This philanthropic gesture is KuCoin's commitment to pledging support for social welfare initiatives, while positioning the exchange as a pioneer in promoting sustainable development within the industry.
  • As the "People's Exchange," KuCoin is working to promote its corporate social responsibility globally.
  • During the event, KuCoin CEO Johnny Lyu delivered a heartwarming speech on the importance of promoting social welfare as an industry leader.
  • The KuCoin Green Future Gala Dinner was much more than just a gathering, it inspired conversations and embodied a powerful act of communal philanthropy.

Philanthropist MacKenzie Scott Donates $5M to Support Maui Recovery in the Wake of the August Wildfires

Retrieved on: 
Wednesday, December 6, 2023

The Hawai‘i Community Foundation (HCF) today announced it has received a $5 million gift from philanthropist MacKenzie Scott.

Key Points: 
  • The Hawai‘i Community Foundation (HCF) today announced it has received a $5 million gift from philanthropist MacKenzie Scott.
  • View the full release here: https://www.businesswire.com/news/home/20231206437348/en/
    The historic, seaside town of Lahaina, Maui, is now almost all completely destroyed in the wake of the August wildfires.
  • (Photo: Business Wire)
    The Maui Strong Fund is devoted to the immediate and long-term recovery needs for the people and places affected by the devastating Maui wildfires.
  • For photos and b-roll of Maui, the burn areas, and Maui Strong Fund grantees, visit this Dropbox folder .

Triple-I: Milwaukee Offers Model for Cities to Mitigate Flood Risk

Retrieved on: 
Wednesday, December 6, 2023

The Milwaukee Metropolitan Sewerage District (MMSD) is mitigating the city’s flood risks using reforestation, wetlands restoration, and other nature-based solutions (NBS), according to the Insurance Information Institute (Triple-I).

Key Points: 
  • The Milwaukee Metropolitan Sewerage District (MMSD) is mitigating the city’s flood risks using reforestation, wetlands restoration, and other nature-based solutions (NBS), according to the Insurance Information Institute (Triple-I).
  • Community engagement is needed to build trust and overcome organizational funding/capacity constraints,” the report stated.
  • “Unlike indemnity insurance, parametric structures cover risks without the complications of sending adjusters to assess damage after an event.
  • Instead of paying for damage that has occurred, parametric insurance pays out if certain agreed-upon conditions are met.

Institute of Himalayan Risk Reduction and Jupiter Intelligence Partner to Assess Climate-Related Disaster Risks Across Nepal

Retrieved on: 
Wednesday, December 6, 2023

Landslides also cut off major highways and block roads, causing significant travel issues to cities and to remote villages.

Key Points: 
  • Landslides also cut off major highways and block roads, causing significant travel issues to cities and to remote villages.
  • The 2023 monsoon season has triggered numerous landslides and floods across Nepal, causing almost 61 deaths as of the end of September.
  • Jupiter’s partnership with IHRR will provide them with the best in science climate risk data for regions across Nepal.
  • IHRR is looking at using Jupiter data to help inform future landslide risk to help mitigate the impacts.