Why Climate Change Is Driving An Insurance Meltdown

What A Day

Crooked Media

News, Daily News

4.6 • 12K Ratings

🗓️ 11 June 2025

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

You know how people are always saying, "What happens in California often doesn't stay here"? They're so right! Case in point: home insurance. When natural disasters happen, home insurance is how folks are able to rebuild. But when natural disasters happen over and over again, like the wildfires in California, home insurance companies become overwhelmed. And it's not just a California issue. In Iowa and Oklahoma, residents are currently recovering from tornadoes. In North Carolina, families are still reeling from Hurricane Helene. And as natural disasters across the country are likely to get more common—and more powerful—because of climate change. So, we spoke to Crooked Climate Correspondent Anya Zoledziowski about how climate change is going to make your home insurance more expensive. And in headlines: California Democrat Rep. Pete Aguilar goes toe to toe with Defense Secretary Pete Hegseth over federal forces in LA; President Trump threatens potential protesters of his upcoming military parade; Republican Sen. John Thune is feeling good about a certain big, beautiful bill; and Greta Thunberg is among activists deported by Israel after attempting to bring aid to Gaza.

Transcript

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0:00.0	It's Wednesday, June 11th. I'm Jane Koston, and this is Waddey.
0:06.2	The show that learned that the Southern Baptist Convention, the nation's largest Protestant
0:10.3	denomination, has called for the overturning of Obergefell v. Hodges, the Supreme Court case
0:15.2	that legalized same-sex marriage. In response, I am calling for every American to send me
0:20.4	protein bars, ideally mint chocolate flavored.
0:23.6	If we're just calling for things, I want to get my ass in early.
0:30.3	On today's show, thousands of military troops continue to occupy the streets of Los Angeles as people protest immigration raids.
0:37.4	And President Donald Trump
0:38.7	warns against protesting his big birthday parade. Oh, I mean, the 250th anniversary of the Army's
0:44.6	celebration. But let's start with California. And yes, we know. This week has been very West Coast
0:51.4	focused on what a day. We're basically a Tupac album right now. But stay with me
0:55.9	because what happens in California often doesn't stay here. Case in point, home insurance.
1:01.4	When natural disasters happen, home insurance is how folks are able to rebuild. But when
1:06.0	natural disasters happen over and over again, like with wildfires in California, home insurance companies get
1:12.3	overwhelmed. And in California and other states, some might even stop offering policies altogether.
1:18.1	Here's CNBC. Since 2022, seven of the top 12 insurers in the state have stopped renewing
1:24.4	and writing policies in high-risk zip codes. Other insurers have pulled out of the state entirely.
1:30.0	And it's not just Californian who are facing severe climate risks.
1:32.9	44% of all U.S. homes are in areas that face at least one severe or extreme climate risk.
1:39.3	I am, to be clear, not America's biggest home insurance company stand.
1:43.8	But I do know just how important it is to be able to not America's biggest home insurance company stand. But I do know just how important
1:45.7	it is to be able to get home insurance. And that goes not just for Californians being denied
	...

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