In Florida, insurers increasingly rely on external capital to prepare for the possibility of high loss climate events. Sophisticated financial tools such as insurance-linked securities provide a temporary solution to growing climate risk in coastal regions, but in the long run, they do not address the fundamental causes of the insurability crisis.

Credit rating agencies like Moody's have amassed vast datasets about scale and distribution of climate risk. The proprietary "expertise" derived from this data increasingly guides how both governments and financial institutions respond to the crisis.