In this podcast episode, we delve into the significant impact of recent hurricanes on the insurance industry, revealing a staggering $175 billion in potential damages. We discuss how this has led to sharp increases in homeowner and auto insurance premiums, especially in states like Florida and North Carolina. The conversation also explores how rising insurance costs affect the commercial real estate market, prompting strategies like transferring costs to tenants and self-insuring. To wrap up, we tackle listener questions on estate planning, college savings, and working with financial advisors, offering practical tips on tax management and investment strategies.
