Will climate change make your home uninsurable? | Amy Barnes

The podcast addresses the increasing challenges in the insurance industry due to climate change and extreme weather events. It highlights how rising insurance premiums and the potential uninsurability of homes can destabilize the financial system, affecting mortgages, property values, and investments. Amy Barnes explains that insurance, a key component of the global financial system, is at risk as extreme weather makes it unaffordable and unavailable in many regions. The discussion emphasizes the need for investment in climate resilience and preventative measures, such as retrofitting buildings and promoting parametric insurance, to mitigate risks and ensure financial stability. The podcast underscores that every industry must participate in creating a more financially resilient system to combat the escalating costs of climate change.