Chris Lafakis

Chris Lafakis, Director of Economic Research at Moody's Analytics, explores the economic impact of hurricanes. He discusses Hurricane Melissa's effects on Jamaica, highlighting damage and economic losses due to low insurance coverage. Lafakis also dives into a study predicting catastrophic consequences for Miami's economy from a severe hurricane, detailing GDP declines and property value shocks. The conversation touches on the importance of federal aid and the role of catastrophe bonds in managing insurance gaps, making for a compelling discussion on disaster preparedness.