Florida's Insurance Market Challenges

Since Hurricane Ian devastated southwestern Florida last month, residents have filed a record number of insurance claims for the damage caused by the storm.

Today, Chris Flavelle, a climate reporter for The Times, discusses whether the insurance companies can survive. And if they can’t, what will the effect be on Florida’s housing market, the cornerstone of its economy?

Guest: Christopher Flavelle, a climate reporter for The New York Times.

Background reading: 

• The hurricane’s record-breaking cost will make it even harder for many to get insurance, experts say — threatening home sales, mortgages and construction.
• Aerial videos and photos show the destruction caused by Hurricane Ian on Fort Myers Beach, Fla.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.