Could Climate Change Break Home Insurance? episode artwork

EPISODE · Sep 28, 2023 · 37 MIN

Could Climate Change Break Home Insurance?

from Why It Matters · host Council on Foreign Relations

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

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Could Climate Change Break Home Insurance?

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This episode is 37 minutes long.

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This episode was published on September 28, 2023.

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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...

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