Several states have developed a system where they have an insurer of last resort. If nobody else will provide you a policy, the state will. The trade-off is that these are very expensive policies and usually can't easily afford. North Carolina passed a law banning the state for making policy based on predictions of rising ocean levels.
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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