Have you ever actually taken the time to read the terms of your insurance policy?

Your car insurance, homeowners insurance, renters insurance, pet insurance, any kind of insurance.

If you're like me, you probably have a drawer where you shove all that pesky paperwork

and hopefully don't have to think about it again, right?

But that's the thing.

Insurance, like our climate, is changing.

And the two are linked.

One major category that's already being impacted,

homes and home ownership.

Extreme weather is making more and more homes uninsurable

and home insurance unaffordable.

And that's a problem for all of us, no matter where we live.

I'm Madupa Aganola. This is Ted Business, a podcast from TED. Climate Risk Advisor, Amy Barnes,

has spent her career specializing in insurance. In today's talk, she reminds us that insurance is a key component of our entire global

financial system, and skyrocketing insurance premiums due to extreme weather can have a devastating

effect on everyone.

Then after the talk, I'll discuss why it's critical to invest in climate resilience.

But first, a quick break.

And now Amy Barnes takes the TED stage.

When I first joined the insurance industry, I realized that telling people about it was the fastest

way for them to lose interest. Fortunately, that's changed. Risk is so much higher on people's

personal and professional agendas. We know that it pays to manage risk. And my industry,

...