'Protection Gap'

Climate change is exposing a “protection gap” for Americans seeking insurance against property losses. This gap could spell trouble for U.S. 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. Sign up for the Reuters Econ World newsletter here. For information on our privacy and data protection practices visit the Thomson Reuters Privacy Statement. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices