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Jupiter in the news

Press Releases
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Media Coverage

July 26, 2023
2023

Bloomberg MapLab: Tracking Marine Heatwaves

Here’s how scientists measure the extreme temperatures currently scorching 44% of the world’s oceans. “You can kind of think of El Niño and La Niña as a toggle war in the tropical Pacific,” said Hillary Scannell, an oceanographer and data scientist at Jupiter Intelligence. With La Niña, “cold water gets upwelled along the South American coast and that cold ocean temperature kind of acts as air conditioning to the climate system.” Now that that’s over, El Niño is taking over with its warm waters, disrupting atmospheric circulation and weather worldwide.

June 19, 2023
2023

What Fannie Mae is doing about climate risk's impact on mortgages

Climate risk can be tough to quantify, but doing so has grown in importance due to regulatory attention and increased difficulty obtaining property insurance coverage for it. In response, Fannie Mae Chief Climate Officer Tim Judge is using his background in analytics and modeling to try to predict and address its impact on the government-sponsored enterprise's sizable mortgage portfolio.

June 18, 2023
2023

Verdict in Oregon wildfires case highlights risks utilities face amid climate change

A jury verdict that found an Oregon power company liable for devastating wildfires — and potentially billions of dollars in damages — is highlighting the legal and financial risks utilities take if they fail to take proper precautions in a hotter, drier climate. Josh Hacker, chief science officer at Jupiter, said of lawsuit damages. “This is an enormous challenge. Now it’s biting them. And in the end it’s going to bite all of us, because they have to recover that expense.”

June 15, 2023
2023

Top Climate Change Execs to Watch in 2023

Jeff Ward, Jupiter's Global Public Sector Climate Account Executive, has been named one of WashingtonExec’s Top Climate Change Execs to Watch in 2023. The list highlights industry executives who are dedicated to creating solutions, building sustainable infrastructures, making geospatial data more accessible, and applying their environmental science expertise to help the White House on climate change initiatives.

June 8, 2023
2023

Past no longer guide to the future on weather-related construction risks

A panel at Commercial Risk’s Construction Risk Management Europe conference highlighted how climate change is impacting construction risk management, noting how historical data is a poor indicator of future trends. Stuart Large, business development director at Jupiter, said that historical data might show a trend for higher weather-related losses over the last 20 or 30 years. But he added that given the pace of losses from most perils is accelerating, models are a much better indicator for future trends.

June 6, 2023
2023

Fannie Mae climate-risk analytics provider revealed

Fannie Mae revealed it has been working with a set of climate risk analytics from Jupiter Intelligence to assess its portfolio of over 17 million single- and multifamily assets to quantify the extent to which its holdings are exposed to potential damage from natural disasters.

June 5, 2023
2023

40 AI Startups To Watch Out For in 2023

Jupiter was named one of the top 40 AI startups to watch in 2023.

May 8, 2023
2023

Investors Rain Funding Down On Climate Prediction Startups

Jupiter Intelligence, a climate analytics platform, works with companies in the real estate industry to help them to plan for weather-related issues to homes or housing insurance plans. It can also provide those in the banking sector with insights on how climate change may impact portfolio assets.

May 2, 2023
2023

New study identifies climate-related mortgage slump

Research shows major lenders are not adapting to reflect the growing risk of a climate-related mortgage slump. The analysis from Bain & Company and Jupiter Intelligence involved 50 of the largest banks from across the world which adhere to the Financial Stability Board’s TCFD.

Press Releases

December 15, 2020
2020

Jupiter Recognized as 2021 Global Cleantech 100 Company

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.

October 22, 2020
2020

Jupiter Recognized as One of Three Companies To Win Zurich Insurance Innovation Competition

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

September 8, 2020
2020

Acclaimed Climate-Change Expert Dr. Jesse M. Keenan Joins Jupiter's Board of Advisors

“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.”

August 5, 2020
2020

Jupiter Announces Launch of ClimateScore Global

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.

July 29, 2020
2020

Jupiter Raises Additional Capital from Liberty Mutual, MS&AD, and SYSTEMIQ

“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.

December 10, 2019
2019

Jupiter Receives Grant from the Moore Foundation To Accelerate California Fire Control Efforts

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.

October 15, 2019
2019

Jupiter Announces Partnership With Hawaiian Electric Companies

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.

March 19, 2019
2019

Jupiter Milestones

March 4, 2019
2019

Jupiter Series B Funding

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