Carrie Hughes writes in GreenBiz about Verizon’s investments in climate startups.
- In 2021 Verizon launched the Climate Resilience Prize which awards $125,000 to climate tech startups to help them scale.
- This year’s winners include Raincoat, which collaborates with insurers, financial institutions, nonprofits, and governments to underwrite parametric flood insurance policies.
- Perimeter, another Prize winner, is developing an information sharing and collaboration platform that first responders and citizens can use in the event of natural disasters.
“Based in San Juan, Puerto Rico, the company’s team of engineers, scientists, UX designers, and insurance experts are developing the next generation of parametric insurance in Florida, California, New York and Washington State. Raincoat partners with insurers, reinsurers, and governments worldwide in developing and distributing these solutions.”
Read the full article here.
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