California already has a terrible housing shortage by many measures. Most people need a mortgage to buy a house, lenders generally don't offer home loans without insurance. California experienced something like the worst case scenario version of this back in the mid-90s. The deadly Northridge earthquake ripped through the Southland while most people were asleep.
Two insurance giants will stop issuing new policies for California homes. CalMatters reporter Ben Christopher and Vox’s Umair Irfan say insurers have determined what homeowners refuse to accept: Climate change has made some parts of the country too risky to live in.
This episode was produced by Avishay Artsy, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Michael Raphael, and hosted by Noel King.
Transcript at vox.com/todayexplained
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