Historic fires and floods are wreaking havoc in insurance markets | 5 Things

In the course of just one month, deadly wildfires in Hawaii and an historic hurricane in Florida caused billions of dollars of damage, bringing an awareness of insurance risks to the forefront of homeowners’ concerns.

RELATED:    • Insurance providers leave Florida, ho...  

As insurers reassess their risk exposure due to worsening climate events, some are choosing to leave certain markets altogether, making insurance affordability a very serious issue. What’s the solution? Ed Richards, a law professor at Louisiana State University who specializes in Administrative Law, joins 5 Things to discuss how the federal and commercial insurance industries are evolving to adapt to new risks.

» Subscribe to USA TODAY: http://bit.ly/1xa3XAh
» Watch more on this and other topics from USA TODAY: https://bit.ly/3OSVhQi
» USA TODAY delivers current local and national news, sports, entertainment, finance, technology, and more through award-winning journalism, photos, videos and VR.
#podcast #fire #flood