The Possible Collapse of the U.S. Home Insurance System

This podcast episode investigates the impact of climate change on the insurance market, focusing on various states in the United States. The investigation examines the spread of market turmoil caused by climate change and its implications for homeowners and the wider housing market. It explores the use of the combined ratio as a metric to evaluate the health of the insurance market and reveals the declining profitability of homeowners insurance in unexpected regions. The episode also discusses the difficulties faced by homeowners in obtaining insurance coverage, particularly in areas prone to disasters like Marshalltown, Iowa. It explores potential solutions such as home hardening measures and government programs, but highlights the challenges and uncertainties ahead for homeowners facing the impacts of climate change.