I’m an economist. Here’s why I’m worried the California insurance crisis could trigger broader financial instability
- Written by Gary W. Yohe, Huffington Foundation Professor of Economics and Environmental Studies, Wesleyan University
The devastating wildfires in Los Angeles have made one threat very clear: Climate change is undermining the insurance systems American homeowners rely on to protect themselves from catastrophes. This breakdown is starting to become painfully clear as families and communities struggle to rebuild.
But another threat remains less recognized: This...
