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Welcome to Tech News Briefing. It's Thursday December 14th. I'm Alex Oscela for the Wall Street Journal. Coming up on today's show, climate change isn't just disrupting weather patterns and

crop growth. It's also breaking the insurance industry. Now new kinds of

insurers are using technology to take on calculated risks.

W.S.J. Tech columnist Christopher Mims tells us how the shift will affect the insurance industry and

customers.

And then, after dominating the EV market at home, Chinese carmakers are setting their sites abroad.

For some big players, that means setting up more manufacturing facilities in Thailand.

W.S.J. reporter Selina Chang tells us why it's a strategic move for these companies and what it says about China's global EV ambitions.

But first, in parts of the country, including California and Florida, major insurance companies have stopped selling new policies because intensifying floods, storms, and fires have made payouts too expensive.

Now a new type of insurer has arrived to fill in the gap.

Startups that are using technology like sensors to capture the effects of extreme weather in real time or to make more accurate predictions.

W.S.J. Technology columnist Christopher Mims joins us with more.

Christopher, why are we seeing this shift now?

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