Skyrocketing Insurance Premiums and Family Budget Threats 9.15.2024

U.S. Senate (Senate Budget Committee) roundtable · September 15, 2024

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Opening remarks: national stakes of local insurance crisis

Presentation

8:16 → 12:32(4m 17s)

Senator White house (chair of the Senate Budget Committee) framed Floridas insurance crisis as an early warning for other coastal states, arguing that unaffordable or unavailable private insurance can trigger mortgage market stress and a broad economic shock; he linked the problem to fossil-fuel-driven climate change and turned the proceedings over to Congresswoman Wasserman Schultz.

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A U.S. Senate Budget Committee roundtable in Hollywood, Florida, convened federal and local officials, scientists, and affected residents to examine how climate-driven sea level rise and extreme storms are worsening the states homeowners-insurance crisis and to discuss adaptation and federal solutions such as a reinsurance program.

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Transcript

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