37 min
Could Climate Change Break Home Insurance? Why It Matters
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- News
For decades, U.S. homeowners have counted on property insurance to protect them from catastrophic loss if their homes are destroyed—and the U.S. economy has rested on the functionality of that model. But as this summer’s extreme weather broke records, private companies reduced their coverage. As climate disasters become more frequent, can home insurance hold up?
Featured Guests:
David Marlett (Managing Director of the Brantley Risk & Insurance Center, Appalachian State University)
Nancy Watkins (Principal and Consulting Actuary, Milliman)
For an episode transcript and show notes, visit us at https://www.cfr.org/podcasts/could-climate-change-break-home-insurance
For decades, U.S. homeowners have counted on property insurance to protect them from catastrophic loss if their homes are destroyed—and the U.S. economy has rested on the functionality of that model. But as this summer’s extreme weather broke records, private companies reduced their coverage. As climate disasters become more frequent, can home insurance hold up?
Featured Guests:
David Marlett (Managing Director of the Brantley Risk & Insurance Center, Appalachian State University)
Nancy Watkins (Principal and Consulting Actuary, Milliman)
For an episode transcript and show notes, visit us at https://www.cfr.org/podcasts/could-climate-change-break-home-insurance
37 min