Was Live Fri, Jun 7, 2024 | 11am PST
Related Coverage
- YouTube Playlist of Highlights from this Briefing
- How Climate Change is Worsening the Home Affordability Crisis
Guest Speakers
- Vicky Kilgore, The Insurance Research Council
- Jordan Haedtler, Climate Financial Strategist with the Sunrise Project and Climate Cabinet
- Carol Kousky, Associate Vice President for Economics and Policy at the Environmental Defense Fund
- Ricardo Lara, California Insurance Commissioner
Event Overview
In the past, obtaining or maintaining homeowners’ insurance was relatively easy. However, as climate change intensifies the frequency and severity of extreme weather, insurers—particularly in regions most affected by floods and fires—are raising their premiums or withdrawing entirely, affecting the affordability and availability of home and fire insurance.
The severe and urgent crisis in the homeowner’s insurance market is not something that only homeowners need to care about: the spillover effect is likely to be felt in housing and mortgage markets and local economies.
It is also a sign of the alarming increase in the number and severity of weather and climate disasters in the United States, which broke records in frequency and cost last year.
Our guests will examine this issue, explain how it affects people’s lives, and discuss possible solutions in which the insurance industry, government, and ordinary people play important roles.
Presented by Ethnic Media Services
