Insurance in the Era of Climate Change

Hurricane Ian ravaged Florida, leaving dozens of fatalities and upwards of $60 billion in economic losses in its wake. It also left a lot of home and business owners with steep losses given the lack of available flood and disaster insurance in the state. Brian Schneider of Fitch Ratings joins the show to talk about Florida's precarious insurance situation, the role of reinsurance in natural disasters and the likelihood of rising rates for customers in the era of climate change. Plus, The Clean Water Act goes back to The Supreme Court as an Idaho couple and several powerful lobbies try to take down the 50-year old law. LINKS FOR SHOW NOTES https://home.kpmg/xx/en/home/media/press-releases/2022/09/global-ceo-short-recession-optimistic-global-economy-over-3-years.html https://www.federalreserve.gov/newsevents/pressreleases/other20220929a.htm https://experience.arcgis.com/experience/512cef7647fe42698dc05dd4e75d4343 https://www.fitchratings.com/research/us-public-finance/us-public-finance-credits-largely-able-to-withstand-hurricane-ian-effects-03-10-2022 https://www.epa.gov/laws-regulations/summary-clean-water-act#:~:text=(1972),quality%20standards%20for%20surface%20waters www.scotusblog.com/case-files/cases/sackett-v-environmental-protection-agency/ www.icmagroup.org/asset...0-1711 https://www.worldanimalday.org.uk/ Learn more about your ad choices. Visit podcastchoices.com/adchoices