How Can Parametric Insurance Help Public Entities Manage Extreme Heat Costs?

Extreme heat can create costly public response expenses, including worker overtime and cooling centers, that may fall outside traditional property coverage. In this episode of In the Public Eye, Taylor Forst, joins Carleen Patterson to explain how parametric insurance can help public entities address these costs.

Taylor discusses how the policy’s daily payouts and annual aggregate work and why the coverage has already triggered a payout for the insured. The conversation explores how parametric insurance may help public entities transfer specific risks that traditional property insurance is not designed to cover.