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Insurance crisis poses credit risks for hurricane-prone Florida and Louisiana
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As climate issues mount, residents face escalating property insurance costs and, in some cases, difficulty obtaining coverage at all, which threatens to hurt the economy and curtail tax collections.
Guests: Bola Kushimo, Vice President - Senior Credit Officer, Moody’s Ratings and Denise Rappmund, Vice President - Senior Analyst, Moody’s Ratings
Host: Nick Samuels, Senior Vice President, Moody’s Ratings
Related content on Moodys.com (may only be available to registered users and subscribers):
- State and Local Government - Louisiana: Climate risks and insurance costs pose challenges for state and local governments
- Florida (State of): Florida insurance exposure reaches peak of 1% of GDP as state increasingly supports sector
- Property & Casualty Insurance – US: Homeowners insurers aim to boost profits as weather-related losses, inflation take toll
For more, listen to our Focus on Finance episode: US homeowners insurers raise prices as inflation and weather-related losses take a toll
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