Insurers Flee California As Catastrophic Wildfires Become The Norm

As climate change gets worse, California is seeing larger and more dangerous wildfires. And in response some insurers are leaving the state behind, finding the growing risk too high to pay.

Host Ailsa Chang talks with Michael Wara, who directs a climate and energy policy program at Stanford, about the financial calculus insurers are making as the threat of climate-fueled disasters grows.

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