Make Me Smart From Burning Questions: Is the future insurable?
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Jan 28, 2025 Carolyn Kousky, Associate Vice President for Economics and Policy at the Environmental Defense Fund and founder of Insurance for Good, shares her insights on the ongoing insurance crisis in the wake of devastating wildfires in Los Angeles. She discusses the emotional toll of evacuations and how rising insurance costs are reshaping housing markets. The conversation explores innovative solutions to better insure vulnerable communities and emphasizes the need for equitable coverage in an era of frequent climate disasters.
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Personal and Professional Impact
- CoreLogic employees Howard Botts and Garret Gray toured the fire-ravaged Pacific Palisades.
- Their professional expertise and personal connection to the community provided valuable insights.
Escaping the Flames
- Garrett Gray recounted his harrowing escape from the fires with his children.
- He abandoned his car and ran to his kids' school amidst the approaching flames and gridlock.
Uninsurability and Uninhabitability
- Uninsurability precedes uninhabitability, according to a climate scientist.
- This highlights the link between insurance viability and the ability to live in certain areas.