Who we are

Risk Infrastructure Group is an independent research and advisory platform examining how climate-driven insurance disruption propagates through interconnected financial systems.

RIG was established to address a gap in institutional analysis — the absence of research that treats climate-driven insurance disruption not as an isolated market problem, but as a systemic financial risk with cascading implications for housing finance, federal recovery programs, municipal fiscal stability, and reinsurance capital markets, as well as the resilience and risk mitigation frameworks increasingly shaping insurability in climate-exposed regions.

How Our Research Is Grounded

RIG's analytical framework draws on direct operational involvement in the recovery process following the 2025 Pacific Palisades wildfire — one of the most financially complex disaster events in California's history.

That experience provided firsthand exposure to how insurance claims resolution, mortgage servicing constraints, FEMA assistance, SBA disaster lending, and rebuilding finance interact under real recovery conditions.

This ground-level perspective informs research that moves beyond theoretical modeling to examine how these systems function — and fail — under stress.

Research & Advisory

RIG develops institutional analysis intended to inform decision-making by insurers, reinsurers, housing finance institutions, insurance-linked securities investors, municipal bond market participants, federal and state agencies, disaster recovery organizations, philanthropic foundations, and local municipal stakeholders.

Our work translates disaster recovery ground truth into policy-relevant research across four core domains:

  • Property insurance market stability in climate-exposed regions

  • Housing and mortgage finance dynamics following disaster events

  • Federal disaster recovery systems, including FEMA assistance and SBA disaster lending

  • Catastrophe reinsurance capital markets, insurance-linked securities, and risk concentration

Across these areas, RIG examines how resilience investments and risk-mitigation frameworks are increasingly shaping insurability, rebuilding capacity, and the financial stability of disaster-exposed communities.

Audiences & Collaborators

RIG engages with institutional stakeholders across the following areas:

  • Insurance and reinsurance practitioners

  • Insurance-linked securities investors and cat bond market participants

  • Municipal bond market participants and public finance institutions

  • Housing finance researchers and institutions

  • Federal policymakers and agency staff

  • State and local government officials responsible for disaster recovery and municipal finance

  • Disaster recovery organizations

  • Philanthropic foundations

  • Policy research institutions

Independence & Approach

Risk Infrastructure Group operates independently. Our research is not commissioned by industry participants and is not intended to advocate for particular regulatory or market outcomes.

We focus on rigorous analysis of how climate risk is reshaping the financial systems that underpin housing, insurance, and disaster recovery in the United States, while recognizing that similar dynamics are increasingly emerging in climate-exposed regions globally.

Founder & Managing Principal

Martin Hak

Risk Infrastructure Group was founded by Martin Hak, whose work focuses on the intersection of climate risk, insurance markets, housing finance systems, disaster recovery institutions, and the development of resilience and risk mitigation frameworks in climate-exposed regions.

He currently serves as Treasurer and Finance Committee Chair of the Pacific Palisades Long-Term Recovery Group, coordinating financial oversight and rebuilding strategy following the January 2025 wildfire.

His background includes strategy consulting at Arthur D. Little, experience in real estate capital markets, and real estate finance studies at The Wharton School.

Advisory Network

Risk Infrastructure Group draws on a network of advisors and collaborators with expertise across insurance markets, reinsurance capital, insurance-linked securities, municipal bond markets, housing finance, disaster recovery operations, climate resilience and risk mitigation, and municipal, state, and federal policy.

Advisory affiliations will be announced as the platform develops its research agenda and institutional partnerships.

Contact us

Risk Infrastructure Group welcomes inquiries from researchers, insurers, reinsurers, housing finance institutions, insurance-linked securities investors, municipal bond market participants, federal and state agencies, city and county municipal governments, disaster recovery organizations, and philanthropic foundations examining the financial system implications of climate-driven disasters.