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California’s Insurance Crisis

Start Here

ABC News

News, Daily News, Politics

4.56.4K Ratings

🗓️ 10 January 2025

⏱️ 30 minutes

🧾️ Download transcript

Summary

As multiple wildfires damage tens of thousands of structures in Southern California, experts warn it could exacerbate the state’s already unstable insurance market. The Supreme Court clears the way for President-elect Trump to be sentenced in his hush money case. And in a show of unity, the country mourns former President Jimmy Carter. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:30.1

It's Friday, January 10th.

0:32.4

It could be one of the most destructive wildfires in U.S. history.

0:36.5

So who's going to pay for it?

0:38.4

We start here.

0:42.1

As wildfires continue to rage in Southern California, residents are raising concerns

0:46.9

about their insurance coverage.

0:48.6

It just happened and they have no fire insurance.

0:51.7

This was a problem in California before these fires started.

0:55.1

We'll break down the potential economic toll.

0:57.7

After years of legal battles over hush money payments, President-elect Trump is set to be

1:02.9

sentenced in New York.

1:04.1

He's determined to sentence Trump, even if the sentence itself can't be terribly meaningful.

1:10.4

Jail time isn't on the table here,

1:12.1

but Trump will enter office as a convicted felon.

1:15.5

And the nation mourns former President Jimmy Carter.

1:18.9

I never perceived a difference between his public face

...

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