Judd Boomhower

Judd Boomhower, an assistant professor of economics at UC-San Diego, dives into how climate disasters are reshaping insurance markets. He discusses why insurers are pulling out of high-risk areas like California and Florida, and the unique challenges of disaster insurance facing simultaneous claims. The conversation highlights the limitations of catastrophe models and the complications of private reinsurance markets. Boomhower also explores parametric insurance as a possible solution, shedding light on the world of undercapitalized insurers and their risks.