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Podcast: Commonwealth Club of California Podcast
Episode: CLIMATE ONE: Risky Business: Underinsured Against Climate Disaster
Description: In recent years, hundreds of thousands of people in high-risk disaster areas across the US have been dropped from their insurance policies, leaving them both physically and financially vulnerable. At the same time, premiums have sky-rocketed, making insuring homes and businesses out of reach for many. And federal insurance and relief programs have come under scrutiny for payouts that contribute to inequality. The insurance industry wasn’t set up to account for climate change, which is increasing the frequency, scale and severity of disaster claims. From flooding in Appalachia to fires in the Pacific Nort...