First Street

Did you miss our webinar today? Check out the recording to learn from First Street’s Chief Science Officer, Dr. Edward Kearns, as he explains how we created our climate-driven flood risk model and how it provides the most accurate view of flood risk. ▶ How our compound, physics-based Flood Model (FS-FM) accurately measures flood risk. ▶ How we have implemented our Flood Model (FS-FM) Model and the key data inputs we used. ▶ Understanding how our model delivers accurate flood risk and damage estimates for every property in the US, now and 30 years into the future.

Key Insights from the Fed's Climate Scenario Analysis Report The Federal Reserve asked the top 6 banks in the US (Bank of America Corporation; Citigroup Inc.; The Goldman Sachs Group, Inc; JPMorgan Chase & Co.; Morgan Stanley; and Wells Fargo Company) to participate in a climate scenario analysis exercise to learn about their climate risk-management practices and challenges and to enhance their ability to identify, estimate, monitor, and manage climate-related financial risks. The participating banks used data from both internal and external sources, including First Street data, to respond. Read our guide for key takeaways from the Fed's report and learn how First Street models enable our partners to report on physical climate risk with confidence.

Just released: Federal Reserve Board summary of the exploratory pilot Climate Scenario Analysis (CSA) exercise that it conducted with six of the nation’s largest banks. It's incredible to see our customers leveraging our climate risk data for such significant initiatives. Full detailed analysis of the implications and our perspective on the program to come shortly. Read press release from the Federal Reserve ⬇

M&T Bank has released their 2023 Sustainability Report, utilizing First Street data to evaluate their exposure to physical climate risks. It's incredible to continue to expand our partnerships in the banking sector, enabling these institutions to make informed decisions that not only benefit their operations but also the planet. 🌱

Our Founder and CEO, Matthew Eby, made an appearance on CBS News this morning to share valuable insights on the dramatic impact climate change is having on the homeowner insurance landscape. As the risk of wildfires in California and hurricanes in Florida escalates and major providers withdraw from these states, hundreds of thousands of homeowners are finding themselves without home insurance coverage. Watch segment to learn more ⬇

We have enhanced our AWS Data Exchange offerings. 📊 You can now get comprehensive data packages that include all of our perils (Flood, Wildfire, Wind, Heat, and Air) at varying geographic levels (state, county, census tract, zip code). This update is designed to provide data at varying levels of granularity to suit diverse data needs. We're eager to see how our enhanced data packages will empower insights and solutions.

🗓 Upcoming Webinar | Tuesday, May 14th Understanding First Street Flood Modeling with Dr. Edward Kearns First Street’s Chief Science Officer, Dr. Ed Kearns, explains how we created our climate-driven flood risk model and how it provides the most accurate view of flood risk. Register to learn: - Why our compound (pluvial and fluvial flooding), physics-based flood model (FS-FM) is superior to other models. - How we have implemented our Flood Model (FS-FM) Model and the key data inputs we used. - Understanding how our model delivers accurate flood risk and damage estimates for every property in the US, now and 30 years into the future https://lnkd.in/gY72eWWf

🗓 Upcoming Webinar | Wednesday, May 22nd Panel Discussion on Climate Disclosure Regulation We're thrilled to assemble a panel of leading climate regulation experts for a discussion on how companies should prepare for disclosure compliance amidst the legal challenges the regulations are facing. Register to hear from our invited guests California Senator, Henry Stern, and June Hu from Sullivan & Cromwell LLP as they discuss: - The legal challenges to the SEC Climate Disclosure rule and California SB 261. - The “no regrets” moves companies can take today to prepare for compliance. - Examples of how companies are using First Street data to make sure to accurately report on climate risk. https://lnkd.in/g95XQy8t

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