Reimagining Homeowners Insurance, with Carolyn Kousky

In this week’s episode, host Margaret Walls speaks with Carolyn Kousky, associate vice president for economics and policy at Environmental Defense Fund, about the instability of markets for homeowners insurance, especially in states that are particularly vulnerable to extreme weather events. Kousky and Walls explore the key drivers of this instability, including the increasing frequency and intensity of extreme weather events, insurance costs, and consequent strain on insurers that must pay more substantial claims. Kousky discusses challenges in the accessibility and affordability of homeowners insurance, along with policy interventions that can support equitable responses to extreme weather events and improve resilience following future disasters. Kousky also introduces her new nonprofit, Insurance for Good, which aims to bridge gaps between research and practice in terms of this affordability, equity, and resilience. References and recommendations: Insurance for Good; https://www.insuranceforgood.org/ “Wildfire Insurance Availability as a Risk Signal” by Xuesong You, Carolyn Kousky, and Ajita Atreya; https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5017469 “Third Millennium Thinking: Creating Sense in a World of Nonsense” by Saul Perlmutter, John Campbell, and Robert MacCoun; https://www.hachettebookgroup.com/titles/saul-perlmutter-phd/third-millennium-thinking/9780316438308/ “Change: How to Make Big Things Happen” by Damon Centola; https://www.hachettebookgroup.com/titles/damon-centola/change/9781549152092/