Jupiter in the news

“What I think is going to wind up happening is that the banks are going to be so far ahead of the insurance companies.” Marketplace talks to Jupiter CEO Rich Sorkin about the company’s efforts to push insurers to adapt to the realities of climate change using geospatial data.

The growing threat from extreme weather has businesses taking a greater interest in climate risk. In an exclusive report, The Washington Post explores Jupiter’s success working on resilience planning for organizations and how that has led to a 10‑fold increase in contracts at the start of 2021. The Post’s piece showcases Jupiter’s growing list of influential clients in the private and public sectors and looks at how Jupiter helps climate experts, businesses, and governments prepare for climate change.

Rising sea levels threaten Florida property values over the next few decades, and “almost none of this risk is reflected in prices,” says Jupiter CEO, Rich Sorkin. Business Insider investigates the looming crisis, turning to Jupiter’s special report on the situation in Miami-Dade for insight.

Jupiter would like to congratulate Rick Spinard on his new role as head of NOAA. “His exemplary record previously leading NOAA Research and the National Ocean Service will prove important in NOAA’s forward progress and leadership in both oceanographic and atmospheric endeavors as well as any responsibility NOAA may have for a National Climate Service, which Jupiter also strongly supports,” CEO Rich Sorkin told the Washington Post.

Jupiter is excited to have been selected to join Cohort 6 of the exclusive Lloyd’s Lab accelerator. Our selection as one of eleven companies out of almost 200 applicants makes a strong statement about the important role of climate analytics in the insurance sector more broadly, and specifically at Lloyd’s—the insurance capital of the world.

“Out-of-date assumptions need to be updated. Severe events are happening more frequently and with greater impact already, and continuing to get worse at an accelerating rate.” Jupiter CEO Rich Sorkin speaks with Risk Management Magazine about the lessons learned from the 2021 Texas blackouts.

The February 2021 Texas power outages brought the world’s largest petrochemical complex to a standstill, forcing more plants in the Gulf of Mexico region to shut down than during Hurricane Harvey. Jupiter has been monitoring the risks to Texas’s industries for some time. Now, The Wall Street Journal speaks with CEO Rich Sorkin for Jupiter’s insight into the existing and evolving challenges the Gulf region faces.

Climate & Capital Media highlights Jupiter’s report on flood risks in Miami-Dade County and the benefits of the “high-definition” climate risk modeling that Jupiter provides.

Four years ago, almost no large companies were thinking about the impact of climate change on their businesses. Finally, many are. Jupiter CEO Rich Sorkin shares his thoughts on climate planning and recovery in the wake of the 2021 Texas blackouts.

Despite the impact of the global pandemic, Jupiter added several new marquee customers in the past year and looks forward to the Biden Administration’s investments and policies in science, greenhouse gas reduction, and resilience.

The 100 companies on the list represent the private, independent, and for-profit companies best positioned to contribute to a more digitized, de-carbonized and resource-efficient future. Jupiter’s climate change risk analytics were selected among winners from 15 countries and various industries.

Zurich’s Global Innovation team chose Jupiter from among more than 1,300 submissions from companies in 43 countries around the world.

“2020 has proven beyond a doubt that the private sector has much work to do to prepare for future disruptions, and this is especially true regarding the risks that climate change presents to the stability of financial markets,” Keenan said. “I’m excited to join Jupiter on their mission to not only help organizations adapt to the shocks and stresses of climate change, but to also take advantage of the opportunities for sustainable investment.”

ClimateScore Global™ is a next-generation climate risk analytics tool that provides physical risk assessment designed to support decision-making across a wide range of industries—for any point on the land surface of the planet through the year 2100.

“With the support of industry leaders including Liberty Mutual and MS&AD, Jupiter will continue to deepen our analytics to help customers make complex financial decisions as they emerge from a global economic crisis,” said Rich Sorkin, CEO and Co-Founder.

The $1M grant will go towards the deployment of Jupiter’s FireScore™ Operations service, a wildfire threat and intelligence platform, to accelerate readiness for the 2020 wildfire season.

Jupiter today announced an agreement with the Hawaiian Electric Companies to provide ongoing climate risk analytics services for generation, transmission and distribution infrastructure across five major islands of Hawaii. Jupiter also recently announced a capital investment from Elemental Excelerator (Elemental), a global infrastructure innovation accelerator. The funding, as part of Elemental’s Demonstration Track, will enable Jupiter to accelerate deployment of its flood and wind risk analytics services in the Pacific, beginning in Hawaii.