April 2025
The theme for April was “Validation”....and WOW, are things moving.
On our mission to help humanity adapt to the physical risk of disasters and extreme weather, we’ve found that our role in mobilizing capital into resilient infrastructure is resonating within big markets: public finance, insurance, real estate, and large-scale infrastructure.
While we have some experiments running across all of those markets, our work in rebuilding residential areas in LA remains a primary focus. It is a demonstration of how investing in resilient housing will make places more insurable.
Strategic Pillar 1: Tell a compelling story about resiliency
In April, our team helped tell the “resiliency” story at LA Climate Week and SF Climate Week.
Probable Futures, a fiscally sponsored organization of Resiliency Co., delivered a rave-review keynote at the Property Insurance Plans Service Office (PIPSO), which is the forum for state sponsored insurance plans to gather and share information. These are people trying to figure out how to help communities that are facing rising risks and declining insurance availability.
The Epicenter published a piece on earthquakes, focusing on the cost drivers and opportunities to fortify assets, as well as a piece on preparing for multiple hazards, that features 5 Principles for multi-hazard resiliency.
Strategic Pillar 2: Create Conditions for Success
We spent the month validating the assumptions of the Resilient LA Delta Fund, an emerging pilot fund that will provide homeowners in LA with grants and/or loans to rebuild their homes to a wildfire resilient standard.
The most compelling reasons behind “why we’re doing this” are…
This is about derisking a community at scale to make it more insurable, which will lower future losses, improve local economies, and ensure stable insurance, housing, and mortgage markets.
This serves as a template for how to activate building residential and community resilience after a disaster and is repeatable for wildfire, hurricanes, flood, and severe storms. It can then be scaled and marketed as a holistic home equity program across the country for new construction and retrofits.
Here’s what’s next:
Launching and promoting our 2-day Resilient LA convening in June.
Exploring potential investment firm partners to establish the fund.
Locking in commitments from partners and investors.
Working with a behavioral design firm to map the “homeowner rebuilding journey” to understand how the Fund can influence key moments.
Validating with homeowners impacted by the fires that they would want to rebuild with resilience and would seek financing to do so.
More soon,
Abby