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On Point with Meghna Chakrabarti

The broken home insurance market -- in California and beyond

On Point with Meghna Chakrabarti

WBUR

News, On Point, Npr, Talk Show, Daily

4.33.9K Ratings

🗓️ 24 January 2025

⏱️ 49 minutes

🧾️ Download transcript

Summary

Many LA homeowners were dropped by their insurance companies a year before the fires. Is there a better way to make the insurance industry more affordable and sustainable?

*** Thank you for listening. Help power On Point by making a donation here: wbur.org/giveonpoint

Transcript

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0:00.0

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0:29.7

This is on point. I'm Megna Chakrabardi. Michael Rothschild's house no longer exists. It was consumed by the Los Angeles wildfires that are expected to be one of the

0:42.0

costliest natural disasters in U.S. history.

0:48.1

About 6.30, I was driving home with our kids, and we saw the glow of the fire, which we then found had started in the Eaton Canyon area.

1:01.0

Even that is a couple miles away from us. We didn't think we were in any real danger.

1:18.2

I would say then about 9 or 9.30, we could then start to see the flames starting to creep across the mountains north of us.

1:24.4

So if you walk outside on what used to be our front porch, and if you turn left, the mountains are right there.

1:30.2

So probably about 10 o'clock from where we would usually look out, we could start to see the flames crawling across the mountain.

1:37.0

So we decided we haven't gotten any kind of evacuation warning.

1:40.1

We're just going to be safe.

1:41.0

We're just going to put some stuff in our cars.

1:43.1

We grabbed documents.

1:44.5

We grabbed sort of priceless things off our walls. We tried to pack up some clothing, medication.

1:51.8

We had dinner. The kids are sort of panicking and we're trying to reassure them or we're okay.

1:56.8

We went to bed maybe 1130 or midnight.

2:04.6

3.25 a.m., our phones start blaring that we need to evacuate right now.

2:10.6

Not a warning, it's go time.

2:12.6

By that point, our power is out. Our house is freezing cold.

...

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