Reuters Econ World Podcast: “Protection Gap”
RFF Fellow Penny Liao is interviewed for the Reuters Econ World podcast, where she talks extensively about flood insurance and its implications for the US housing market.
Climate change is exposing a “protection gap” for Americans seeking insurance against property losses. This gap could spell trouble for US house prices and the wider economy. Host Carmel Crimmins talks to Penny Liao, an economist and fellow at the think tank Resources for the Future, about the climate risk facing homeowners. Plus, we hear how people in Florida are coping in the aftermath of hurricanes Milton and Helene.
