“Many insurance companies are still relying on aerial data collection methods from the 1950s to assess 2024’s climate risks”
Near Space Labs flies 12-pound balloons at up to 85,000 feet and shoots 7 cm per pixel imagery, up to 1,000 square kilometers per flight. The customers are insurers who lost about $15.2 billion on home lines in 2023. Pitched as disaster response, sold as a way to price your roof from the stratosphere. Better data won’t bring back the insurers who already left Florida and California.