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Jul 4, 2023

The cost of climate change: insurance edition

Thanks to climate change, insurance costs are going up. Major providers are pulling out of high-risk markets, and remaining coverage options can cost an arm and a leg. Plus, how small businesses decide whether to raise their prices, as inflation slows but doesn’t stop.

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The cost of climate change: insurance edition — Joe Raedle/Getty Images

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Segments From This Episode

Are insurers accurately pricing in climate change risk?
by David Brancaccio, Chris Farrell and Ariana Rosas
Michael M. Santiago via Getty Images
A Federal Reserve study suggests that states have largely decoupled homeowners rates from underlying risks, says Marketplace’s Chris Farrell.
As offices sit empty, some banks are more cautious about commercial real estate loans
by Justin Ho
iStock / Getty Images Plus
Office building vacancies remain elevated, especially in coastal cities. Lenders worry about developers’ ability to pay back their debt.

The Team

David Brancaccio Host
Leanna Byrne Host, BBC
Kelly Silvera Executive Producer
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Ariana Rosas Producer
Jordan Mangi Digital Producer
Jesson Duller Media Producer
Brian Allison Technical Director
Nick Esposito Media Producer
James Graham Producer, BBC
Jo Critcher Producer, BBC
Olie D'Albertanson Producer, BBC

Marketplace®

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The cost of climate change: insurance edition

Subscribe:

Segments From This Episode

Are insurers accurately pricing in climate change risk?

As offices sit empty, some banks are more cautious about commercial real estate loans

The Team