Home Insurance is a Really Big Problem

We talk a lot about building more housing, but we do not talk enough about the risk of home insurance. 

We have massively underpriced risk in many parts of the economy. This leads to things like financial nihilism and distrust, which is why we see a world divided - partially because the risk models are all wrong.

00:00 Introduction to Kamala Harris's Economic Proposals

00:09 Detailed Housing Policies

01:14 Supply and Demand in Housing

01:37 The Broader Impact of Housing Shortages

02:29 The Complexity of Housing as an Asset

03:18 Challenges in Home Building

03:47 The Home Insurance Crisis

08:53 Economic and Financial Implications

09:44 Regulatory Issues and Underinsurance

11:09 Reinsurance and Secondary Perils

13:03 Future Paths and Solutions

14:55 Updating Risk Models for the Future

17:44 Conclusion and Final Thoughts