Eight Minute Climate Fix | Clean Energy & Climate Policy Insights

The Climate Insurance Crisis: Why Insurers Are Abandoning California, Florida, and Beyond - Episode 121

Paul Schuster Season 4 Episode 121

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0:00 | 6:34

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In this episode, Paul explains why catastrophic weather events are becoming uninsurable: broken risk models, a stressed reinsurance market, rising rebuild costs from inflation and tariffs, and the dangerous concentration of homes and commercial buildings in climate-vulnerable areas. He also explores what cascading climate financial risk looks like in practice.

From the insurance death spiral to the wealth destruction of uninsured home loss, this episode connects climate change directly to household finances, mortgage markets, and economic inequality. 

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