Jupiter in the news

Media Coverage

Biden’s push to disclose climate risks hits wall of industry resistance
Biden’s push to disclose climate risks hits wall of industry resistance. Big business is bucking President Biden’s efforts to use SEC rules and the purchasing power of the U.S. government to reveal and reduce climate emissions.

How climate change could hit your mortgage
Banks are preparing to model the impact of climate change on their mortgage books at the level of individual blocks rather than postcodes. Bain and Jupiter are working together to model the risk of climate perils for financial institutions at a level of every 90 square meters.

Mortgage giant Fannie Mae tackles climate risk, but changes to underwriting may take several years
CNBC coverage of how Jupiter is working with Fannie Mae to figure out just how to factor climate risk into home values and mortgage underwriting and its implications for the nation’s nearly $12 trillion mortgage market.

Here Are 3 Big Areas Where AI Is Cropping Up In Agtech
“AI-based systems can give much more predictive insight to what the likely risk ranges are for farmers,” said Jason Pontin, a partner at DCVC and investor in Jupiter. “You can buy better financial products, like insurance products, since you’re literally betting the entire farm.”

Helping Society Mitigate Effects of Climate Change
CHANCE asked Katherine Bennett Ensor, president of the American Statistical Association, to interview Rich Sorkin, CEO and co-founder of Jupiter Intelligence, for his insights about mitigating physical climate risks around the globe.
How Jupiter embraces ESG to accelerate growth
Jupiter CEO, Rich Sorkin, speaks with MPower Partners about the critical role ESG plays in business growth and performance including crucial culture benefits —both internally within the company and externally to customers, shareholders, and community, as well as government, business leaders and public policy makers.

Never Seen Anything Like This': CRE Assesses Impact Of Hurricane Ian
Bisnow spoke with Jupiter CEO Rich Sorkin about the impact on Florida’s commercial real estate and insurance from Hurricane Ian and climate change. “Codes will only go so far in aiding newer buildings as the intensity of storms continues to increase with climate change.”
A retirement safe from climate change? Ask the tough questions about real estate and property insurance
Jupiter CEO Rich Sorkin speaks to MarketWatch about the critical need for climate analytics in the insurance industry and the concept of “duration mismatch.”
Press Releases
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.
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.”
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.
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.
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.
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.