Leslie Kaufman, a Bloomberg reporter focused on climate change's effects on the insurance industry, sheds light on the disastrous wildfires ravaging Los Angeles. She discusses the harrowing evictions of nearly 180,000 residents and the devastating impact on property insurance. The conversation delves into the flaws of California's insurance system and the alarming trend of private insurers withdrawing from high-risk areas. Kaufman highlights the pressing need for federal aid, as communities face critical decisions about rebuilding amidst a fraught insurance landscape.

Leslie Kaufman, a Bloomberg Green reporter specializing in climate and insurance, discusses the catastrophic aftermath of Hurricanes Helene and Milton. She highlights the staggering financial toll of over $100 billion on recovery efforts and critiques the inadequacy of FEMA's flood support. The conversation reveals the insurance industry's struggle with rising storm risks and emphasizes the urgent need for updated flood risk assessments. Kaufman urges homeowners to stay informed and prepared in this era of increasing natural disasters.

Private home insurance providers are retreating from US regions vulnerable to catastrophe, leaving homeowners turning to state-created insurance plans. These plans hold over $1 trillion in risk, potentially leading to a financial crisis. The podcast explores the impact of climate disasters on housing markets, challenges faced by insurers, and the need for greater financial transparency in insuring high-risk areas.