Florida is Uninsurable: What Next?
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On Wednesday evening, Hurricane Milton landed on Florida's west coast. But even if it's not the worst ever, Milton could still be the final straw for Florida's ever-escalating home insurance crisis. In this video, we're taking a look at how climate change created an insurance crisis in Florida, how the government subsidised the entire market, and why the model isn't sustainable.

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1 - https://www.theguardian.com/us-news/live/2024/oct/09/hurricane-milton-landfall-florida-latest-updates 2 - https://www.ft.com/content/ed3a1bb9-e329-4e18-89de-9db90eaadc0b 3 - https://www.economist.com/the-economist-explains/2022/09/29/is-climate-change-making-hurricanes-worse 4 - https://howmuch.net/articles/home-insurance-cost-in-every-state 5 - https://www.realtor.com/advice/finance/hurricane-helene-no-homeowners-insurance-florida/ 6 - https://www.economist.com/briefing/2024/04/11/homeowners-face-a-25trn-bill-from-climate-change 7 - https://www.ft.com/content/09a37793-7bea-4c90-a47f-4536405458e3 8 - https://www.cbsnews.com/news/florida-whistleblowers-hurricane-ian-insurance-60-minutes-transcript/ 9 - https://www.hbs.edu/ris/Publication%20Files/24-051_f1329bc3-d296-4ffa-aff3-a9e4b8e98e9d.pdf 10 - https://www.economist.com/united-states/2022/10/06/floridas-government-subsidises-people-living-in-hurricane-zones 11 - https://twitter.com/BamaBonds/status/1842784927638597913 12 - https://www.insurancejournal.com/news/southeast/2022/03/24/659453.htm 13 - https://www.economist.com/united-states/2023/09/21/parts-of-america-are-becoming-uninsurable 14 - https://www.insurancebusinessmag.com/us/news/breaking-news/we-need-a-92-8-rate-rise-says-insurance-boss-499936.aspx 15 - https://www.yahoo.com/news/florida-homeowners-face-housing-crisis-103041072.html 16 - https://www.newsweek.com/florida-home-insurance-policy-cut-600k-hurricane-helene-1963810

00:00 - Introduction 01:20 - Context 02:31 - How This Affects Insurance 03:49 - Why the Current Situation is Unsustainable 07:56 - Sponsored Content