How Climate Risk Is Rewriting Property Insurance

Lucas and Luna dive into how climate risk is reshaping the property insurance market, focusing on the case of California's wildfire-prone zones. They explore why insurers like State Farm and Allstate pulled back from new policies, how reinsurance rates have surged, and what it means for homeowners and commercial investors. The conversation covers the rise of parametric insurance, the role of catastrophe models, and how real estate buyers are now factoring insurance costs into their offers. Specific data points include premium increases of 25-40% in high-risk areas and the growing use of wildfire sprinkler systems as a mitigation credit. #ClimateRisk #PropertyInsurance #WildfireInsurance #Reinsurance #ParametricInsurance #CaliforniaRealEstate #InsurancePremiums #CatastropheModeling #ClimateAdaptation #RealEstateInvesting #HomeownersInsurance #StateFarm #Allstate #FAIRPlan #RiskMitigation #Business #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo