Mike Gulla On Why Insurance Needs a Makeover for a Changed Climate

Welcome to the third edition of our Climate Week NYC interview series! Today, we have something for all the finance- and tech-heads among you. In this episode, Louie sits down with Michael (Mike) Gulla, CEO and Co-Founder of Adaptive Insurance, to discuss how his company is bringing power outage insurance payouts to small businesses — fast. Mike shares his insights from two decades in the insurance industry and explains why grid reliability is rapidly becoming a first-order financial risk for businesses. He also unpacks the explosion of interest in distributed energy, and why it reflects a fortress mentality among large companies eager to stay online no matter the weather. Along the way, he makes the case for why parametric insurance isn't just a financial product, but a critical safety net amidst ongoing failures to harden our infrastructure for a climate-adjusted world. If you're interested in how technology is shaping the future of climate risk insurance, this episode's for you. Sign up to climateproof.news for more news and insights on climate adaptation finance, tech, and policy. Questions? Comments? Email Louie at [email protected].

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