The Market's Move on Climate Change in California

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The market has now started to move on climate change. We will no longer ensure homes in the state in a way that the state itself is not doing, right? California isn't saying, well, you can't build a home in this wildfire zone. You've just got to find your own insurance. There was actually legislative proposal just this year to put new restrictions on where you could develop in what's called the wild land urban interface.

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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