1 00:00:00,000 --> 00:00:02,760 Hey everyone and welcome back to Meteorology Matters. 2 00:00:02,760 --> 00:00:04,840 You know, we usually spend our time here talking about 3 00:00:04,840 --> 00:00:06,600 like the immediate impacts of weather. 4 00:00:06,600 --> 00:00:07,440 Yeah. 5 00:00:07,440 --> 00:00:08,920 But today we're kind of looking at something 6 00:00:08,920 --> 00:00:09,760 a bit different. 7 00:00:09,760 --> 00:00:10,600 Interesting. 8 00:00:10,600 --> 00:00:12,920 How climate change is quietly reshaping the US 9 00:00:12,920 --> 00:00:14,240 in ways you might not expect. 10 00:00:14,240 --> 00:00:15,120 Yeah, that's a good point. 11 00:00:15,120 --> 00:00:17,400 We're going like beyond just the weather forecast 12 00:00:17,400 --> 00:00:19,440 and digging into how climate change is affecting 13 00:00:19,440 --> 00:00:22,000 the US housing market and the insurance industry. 14 00:00:22,000 --> 00:00:23,240 Really interesting stuff. 15 00:00:23,240 --> 00:00:24,800 And before we get too deep into it, 16 00:00:24,800 --> 00:00:28,680 I want to remind you to follow meteorologist Rob Jones 17 00:00:28,680 --> 00:00:30,400 on Instagram, meteorologist. 18 00:00:30,400 --> 00:00:31,240 Oh yeah. 19 00:00:31,240 --> 00:00:33,800 On TikTok, TV meteorologist and on YouTube, 20 00:00:33,800 --> 00:00:34,800 Rob Jones Hurricane. 21 00:00:34,800 --> 00:00:35,640 Catch him everywhere. 22 00:00:35,640 --> 00:00:38,120 Or you can also find the Meteorology Matters podcast 23 00:00:38,120 --> 00:00:38,960 playlist. 24 00:00:38,960 --> 00:00:39,800 Awesome, all right. 25 00:00:39,800 --> 00:00:40,620 So. 26 00:00:40,620 --> 00:00:41,460 It's fascinating, isn't it? 27 00:00:41,460 --> 00:00:42,300 Yeah. 28 00:00:42,300 --> 00:00:43,120 We're not just talking about tomorrow's high temperature 29 00:00:43,120 --> 00:00:43,960 here. 30 00:00:43,960 --> 00:00:44,800 Right. 31 00:00:44,800 --> 00:00:45,640 This is about how climate change is setting off 32 00:00:45,640 --> 00:00:48,160 this chain reaction that touches everything 33 00:00:48,160 --> 00:00:50,880 from where people decide to put down roots 34 00:00:50,880 --> 00:00:52,640 to how much their homes are worth. 35 00:00:52,640 --> 00:00:53,480 It really is. 36 00:00:53,480 --> 00:00:55,280 And one of the most significant impacts we're seeing 37 00:00:55,280 --> 00:00:57,400 is the potential hit to the US housing market. 38 00:00:57,400 --> 00:00:58,240 Yeah. 39 00:00:58,240 --> 00:00:59,960 And a recent study suggests that we could be looking 40 00:00:59,960 --> 00:01:02,600 at nearly $1.5 trillion. 41 00:01:02,600 --> 00:01:03,120 Wow. 42 00:01:03,120 --> 00:01:04,800 And lost value over the next 30 years. 43 00:01:04,800 --> 00:01:06,160 That's trillion with a T. 44 00:01:06,160 --> 00:01:07,320 It's a massive number. 45 00:01:07,320 --> 00:01:09,280 And it's important to realize we're not just talking 46 00:01:09,280 --> 00:01:11,560 about like individual homes losing value. 47 00:01:11,560 --> 00:01:14,240 We're talking about entire communities being transformed. 48 00:01:14,240 --> 00:01:14,760 Wow. 49 00:01:14,760 --> 00:01:17,160 By rising insurance costs, people moving in and out, 50 00:01:17,160 --> 00:01:19,160 and even how development happens in the future. 51 00:01:19,160 --> 00:01:21,040 OK, so let's break down this insurance piece, 52 00:01:21,040 --> 00:01:23,200 because it seems like a major factor in all of this. 53 00:01:23,200 --> 00:01:23,720 Yeah. 54 00:01:23,720 --> 00:01:25,880 We've seen reports that in many areas that 55 00:01:25,880 --> 00:01:29,160 are prone to climate risks, insurance premiums are going up. 56 00:01:29,160 --> 00:01:29,600 Oh, yeah. 57 00:01:29,600 --> 00:01:31,080 Even faster than mortgage payments. 58 00:01:31,080 --> 00:01:31,920 It's tough. 59 00:01:31,920 --> 00:01:34,200 That has to be putting a serious strain on homeowners. 60 00:01:34,200 --> 00:01:35,280 It absolutely is. 61 00:01:35,280 --> 00:01:35,800 Yeah. 62 00:01:35,800 --> 00:01:37,240 There are many layers to this issue, 63 00:01:37,240 --> 00:01:39,880 but a key driver is that states like Florida, Texas, 64 00:01:39,880 --> 00:01:41,880 and California have really borne 65 00:01:41,880 --> 00:01:43,760 the brunt of natural disaster costs. 66 00:01:43,760 --> 00:01:44,520 They really have. 67 00:01:44,520 --> 00:01:45,080 Think about it. 68 00:01:45,080 --> 00:01:47,400 Since 1980, those three states alone 69 00:01:47,400 --> 00:01:52,360 have accounted for a whopping 40% of the total $2.8 trillion 70 00:01:52,360 --> 00:01:55,000 in damages caused by natural disasters 71 00:01:55,000 --> 00:01:56,360 across the entire US. 72 00:01:56,360 --> 00:01:57,920 40%, just those three. 73 00:01:57,920 --> 00:01:58,280 I know. 74 00:01:58,280 --> 00:01:58,840 It's incredible. 75 00:01:58,840 --> 00:01:59,320 Wow. 76 00:01:59,320 --> 00:02:01,120 That kind of repeated devastation 77 00:02:01,120 --> 00:02:03,720 really puts insurance companies on a tough spot. 78 00:02:03,720 --> 00:02:04,120 Yeah. 79 00:02:04,120 --> 00:02:07,240 And unfortunately, it leads to those skyrocketing premiums 80 00:02:07,240 --> 00:02:08,120 for homeowners. 81 00:02:08,120 --> 00:02:10,040 Wow, 40% for just three states. 82 00:02:10,040 --> 00:02:11,680 I had no idea it was that concentrated. 83 00:02:11,680 --> 00:02:12,360 Yeah. 84 00:02:12,360 --> 00:02:14,200 And it creates this domino effect. 85 00:02:14,200 --> 00:02:15,000 It does. 86 00:02:15,000 --> 00:02:17,480 Climate risks, push insurance costs higher, 87 00:02:17,480 --> 00:02:19,640 which then encourages some people to move, 88 00:02:19,640 --> 00:02:22,480 and that has the potential to affect property values 89 00:02:22,480 --> 00:02:24,480 in both the places they're leaving and the areas they're 90 00:02:24,480 --> 00:02:24,960 going to. 91 00:02:24,960 --> 00:02:25,480 Exactly. 92 00:02:25,480 --> 00:02:28,840 It's a complex web of interconnected consequences. 93 00:02:28,840 --> 00:02:31,840 And it could have major economic and social impacts 94 00:02:31,840 --> 00:02:32,720 down the road. 95 00:02:32,720 --> 00:02:34,600 And it's not just a theoretical problem, right? 96 00:02:34,600 --> 00:02:36,920 We have real people whose lives are being affected 97 00:02:36,920 --> 00:02:37,800 by this right now. 98 00:02:37,800 --> 00:02:40,600 For instance, take the case of Jake Burnett, a resident 99 00:02:40,600 --> 00:02:42,160 of Plant City, Florida. 100 00:02:42,160 --> 00:02:44,520 He experienced serious flooding during Hurricane Milton, 101 00:02:44,520 --> 00:02:46,400 even though he lived in flood zone X, which 102 00:02:46,400 --> 00:02:49,520 is supposed to have a minuscule 0.2% chance of flooding. 103 00:02:49,520 --> 00:02:49,920 You're right. 104 00:02:49,920 --> 00:02:51,800 Burnett's story is a powerful reminder 105 00:02:51,800 --> 00:02:53,280 that the traditional methods we've 106 00:02:53,280 --> 00:02:55,520 used to assess flood risk are being challenged 107 00:02:55,520 --> 00:02:58,560 by how often these extreme weather events are happening 108 00:02:58,560 --> 00:03:00,160 and how intense they are. 109 00:03:00,160 --> 00:03:02,440 What was once considered a 100-year flood 110 00:03:02,440 --> 00:03:03,800 is occurring more frequently. 111 00:03:03,800 --> 00:03:04,480 Jeez. 112 00:03:04,480 --> 00:03:06,800 It seems our understanding of risk needs to catch up. 113 00:03:06,800 --> 00:03:08,640 It makes you wonder if those safe stones are really 114 00:03:08,640 --> 00:03:09,640 so safe anymore. 115 00:03:09,640 --> 00:03:10,840 I mean, for people like Burnett, this 116 00:03:10,840 --> 00:03:12,160 isn't just about statistics. 117 00:03:12,160 --> 00:03:14,400 They're dealing with denied insurance claims, 118 00:03:14,400 --> 00:03:17,640 mounting rebuilding costs, and a feeling of uncertainty 119 00:03:17,640 --> 00:03:18,480 about the future. 120 00:03:18,480 --> 00:03:19,000 Right. 121 00:03:19,000 --> 00:03:20,560 It must be incredibly stressful. 122 00:03:20,560 --> 00:03:23,560 It really highlights the very real human impact 123 00:03:23,560 --> 00:03:24,400 of climate change. 124 00:03:24,400 --> 00:03:24,900 Yeah. 125 00:03:24,900 --> 00:03:27,280 These seemingly abstract concepts 126 00:03:27,280 --> 00:03:29,720 have very real and challenging consequences 127 00:03:29,720 --> 00:03:31,520 for individuals and communities. 128 00:03:31,520 --> 00:03:33,440 It definitely reminds us that we can't get lost 129 00:03:33,440 --> 00:03:35,520 in the big picture economic impacts. 130 00:03:35,520 --> 00:03:38,040 We need to remember the people whose lives are being directly 131 00:03:38,040 --> 00:03:39,480 affected by all of this. 132 00:03:39,480 --> 00:03:40,400 Absolutely. 133 00:03:40,400 --> 00:03:42,520 Their stories are essential for understanding 134 00:03:42,520 --> 00:03:45,440 the true costs of climate change and why it's so important 135 00:03:45,440 --> 00:03:46,640 that we address it. 136 00:03:46,640 --> 00:03:49,760 And on the topic of cost, let's not forget about property taxes. 137 00:03:49,760 --> 00:03:50,920 Yeah, good point. 138 00:03:50,920 --> 00:03:53,320 It's another area where climate change is having an impact 139 00:03:53,320 --> 00:03:55,160 that often gets overlooked. 140 00:03:55,160 --> 00:03:56,000 That's a good point. 141 00:03:56,000 --> 00:03:59,320 It's easy to overlook, but it's a critical piece of the puzzle. 142 00:03:59,320 --> 00:04:01,840 After a natural disaster, property values 143 00:04:01,840 --> 00:04:03,680 can be reassessed that often leads 144 00:04:03,680 --> 00:04:06,560 to a temporary decrease in property taxes 145 00:04:06,560 --> 00:04:08,280 for properties that were damaged. 146 00:04:08,280 --> 00:04:10,720 So on the surface, that sounds like a good thing, right? 147 00:04:10,720 --> 00:04:11,120 Yeah. 148 00:04:11,120 --> 00:04:13,640 Lower taxes for people who have already suffered losses. 149 00:04:13,640 --> 00:04:16,000 It can definitely offer some relief in the short time, 150 00:04:16,000 --> 00:04:18,080 but here's where things get a bit complicated. 151 00:04:18,080 --> 00:04:20,120 You see sometimes municipalities 152 00:04:20,120 --> 00:04:22,720 need to increase overall tax rates 153 00:04:22,720 --> 00:04:24,480 to compensate for the lost revenue 154 00:04:24,480 --> 00:04:26,080 from those lowered assessments. 155 00:04:26,080 --> 00:04:28,600 So is it kind of like robbing Peter to pay Paul? 156 00:04:28,600 --> 00:04:31,200 You could say that it highlights the tough spot 157 00:04:31,200 --> 00:04:33,120 local governments are in as they try 158 00:04:33,120 --> 00:04:36,200 to manage the financial fallout of climate change. 159 00:04:36,200 --> 00:04:38,000 It's a balancing act for sure, and this isn't just 160 00:04:38,000 --> 00:04:39,400 a hypothetical problem. 161 00:04:39,400 --> 00:04:42,560 Did New York state recently put a climate change property tax 162 00:04:42,560 --> 00:04:44,080 relief bill into effect? 163 00:04:44,080 --> 00:04:44,880 They did. 164 00:04:44,880 --> 00:04:47,360 It's specifically designed to address this issue. 165 00:04:47,360 --> 00:04:49,920 The bill aims to provide property owners impacted 166 00:04:49,920 --> 00:04:52,920 by natural disasters with some relief on their assessments, 167 00:04:52,920 --> 00:04:55,080 acknowledging the need for a more focused approach 168 00:04:55,080 --> 00:04:57,520 to property tax policy in our changing climate. 169 00:04:57,520 --> 00:04:58,120 That's interesting. 170 00:04:58,120 --> 00:05:00,240 Sounds like we're seeing some proactive steps 171 00:05:00,240 --> 00:05:03,320 to tackle these challenges, but it feels like we still 172 00:05:03,320 --> 00:05:04,720 have a long way to go, don't you think? 173 00:05:04,720 --> 00:05:05,760 I completely agree. 174 00:05:05,760 --> 00:05:09,080 This is a complex issue with long-reaching effects, 175 00:05:09,080 --> 00:05:11,720 and finding effective solutions will require 176 00:05:11,720 --> 00:05:14,040 ongoing innovation and collaboration. 177 00:05:14,040 --> 00:05:16,240 And it's not just about government policies. 178 00:05:16,240 --> 00:05:19,120 Individual homeowners are facing some tough choices 179 00:05:19,120 --> 00:05:21,000 as costs continue to climb. 180 00:05:21,000 --> 00:05:21,640 Yeah. 181 00:05:21,640 --> 00:05:24,240 There's this concerning trend of people going bare 182 00:05:24,240 --> 00:05:26,400 choosing to go without insurance altogether. 183 00:05:26,400 --> 00:05:26,800 That's right. 184 00:05:26,800 --> 00:05:29,520 It's a risky move driven by those rising premiums. 185 00:05:29,520 --> 00:05:31,680 We're seeing it, especially in areas like Florida, 186 00:05:31,680 --> 00:05:33,640 where a good portion of homeowners 187 00:05:33,640 --> 00:05:35,920 are retirees who have paid off their mortgages 188 00:05:35,920 --> 00:05:38,080 and might feel they can handle the risk themselves. 189 00:05:38,080 --> 00:05:39,920 But that seems like a huge gamble, doesn't it? 190 00:05:39,920 --> 00:05:40,480 It is. 191 00:05:40,480 --> 00:05:43,080 What happens if a major disaster strikes 192 00:05:43,080 --> 00:05:44,880 and they don't have the safety net of insurance? 193 00:05:44,880 --> 00:05:47,720 The potential for financial ruin is very real. 194 00:05:47,720 --> 00:05:50,240 It's a reminder that even if you think you can afford 195 00:05:50,240 --> 00:05:53,360 to go without insurance, the consequences of being wrong 196 00:05:53,360 --> 00:05:54,880 can be devastating. 197 00:05:54,880 --> 00:05:56,200 I can definitely see that. 198 00:05:56,200 --> 00:05:57,960 And it's not just individual homeowners who 199 00:05:57,960 --> 00:05:59,440 are being impacted, right? 200 00:05:59,440 --> 00:06:01,760 We're also seeing data that shows an increase 201 00:06:01,760 --> 00:06:04,480 in non-renewed insurance policies, especially 202 00:06:04,480 --> 00:06:07,200 in areas susceptible to climate-related disasters. 203 00:06:07,200 --> 00:06:08,240 Absolutely. 204 00:06:08,240 --> 00:06:10,880 This trend isn't limited to just California and Florida 205 00:06:10,880 --> 00:06:11,280 anymore. 206 00:06:11,280 --> 00:06:13,800 It's spreading to other states as insurance companies 207 00:06:13,800 --> 00:06:16,680 try to deal with how frequent and severe these events are 208 00:06:16,680 --> 00:06:17,320 becoming. 209 00:06:17,320 --> 00:06:19,560 So what does all this mean for the average person? 210 00:06:19,560 --> 00:06:20,760 Good question. 211 00:06:20,760 --> 00:06:22,880 Whether they're a homeowner, a renter, 212 00:06:22,880 --> 00:06:25,400 or just someone concerned about the future of their community. 213 00:06:25,400 --> 00:06:29,360 It means that climate change is no longer some distant threat. 214 00:06:29,360 --> 00:06:31,520 It's happening now, and it's affecting our lives 215 00:06:31,520 --> 00:06:33,040 in very real ways. 216 00:06:33,040 --> 00:06:35,520 Understanding these impacts is crucial for making 217 00:06:35,520 --> 00:06:37,120 smart decisions about our future. 218 00:06:37,120 --> 00:06:38,480 One thing that really stands out to me 219 00:06:38,480 --> 00:06:41,240 is that for many people, those rising insurance 220 00:06:41,240 --> 00:06:44,080 premiums are the first tangible way they experience 221 00:06:44,080 --> 00:06:45,520 the risks of climate change. 222 00:06:45,520 --> 00:06:46,280 You're absolutely right. 223 00:06:46,280 --> 00:06:48,800 They act as a wake-up call, a direct reflection 224 00:06:48,800 --> 00:06:51,640 of the growing costs associated with a changing climate. 225 00:06:51,640 --> 00:06:53,960 It's a real pocketbook issue for a lot of folks. 226 00:06:53,960 --> 00:06:56,080 So it's not just an environmental issue anymore, is it? 227 00:06:56,080 --> 00:06:58,720 It's about our homes, our finances, 228 00:06:58,720 --> 00:07:00,520 and the very fabric of our communities. 229 00:07:00,520 --> 00:07:01,200 Precisely. 230 00:07:01,200 --> 00:07:04,080 It's a complex issue with far-reaching implications 231 00:07:04,080 --> 00:07:06,920 that will only become more important as we move forward. 232 00:07:06,920 --> 00:07:08,640 And this brings us to a question that I'm sure 233 00:07:08,640 --> 00:07:10,800 is on a lot of people's minds. 234 00:07:10,800 --> 00:07:12,120 What can we do about this? 235 00:07:12,120 --> 00:07:13,280 Where do we go from here? 236 00:07:13,280 --> 00:07:14,680 That's the million-dollar question. 237 00:07:14,680 --> 00:07:16,760 And to be honest, there's no easy answer. 238 00:07:16,760 --> 00:07:19,320 But what we can do is start by educating ourselves, 239 00:07:19,320 --> 00:07:22,440 understanding the risks, and speaking up for policies 240 00:07:22,440 --> 00:07:24,840 that address the root causes of climate change. 241 00:07:24,840 --> 00:07:27,520 And it's not just about those big sweeping changes, right? 242 00:07:27,520 --> 00:07:29,400 Small individual actions can add up, too, 243 00:07:29,400 --> 00:07:31,640 whether it's reducing our own carbon footprint, 244 00:07:31,640 --> 00:07:33,520 supporting sustainable businesses, 245 00:07:33,520 --> 00:07:35,520 or just having conversations about these issues 246 00:07:35,520 --> 00:07:36,520 with our friends and family. 247 00:07:36,520 --> 00:07:37,520 Absolutely. 248 00:07:37,520 --> 00:07:38,800 Every little bit helps. 249 00:07:38,800 --> 00:07:40,520 And the more we can spread awareness, 250 00:07:40,520 --> 00:07:43,680 the better prepared we'll be to face these challenges head on. 251 00:07:43,680 --> 00:07:45,960 It's about realizing we're all in this together 252 00:07:45,960 --> 00:07:47,520 and that the choices we make today 253 00:07:47,520 --> 00:07:50,520 will shape the world we leave for future generations. 254 00:07:50,520 --> 00:07:51,400 That's a great point. 255 00:07:51,400 --> 00:07:53,000 It's a call to action for all of us 256 00:07:53,000 --> 00:07:55,000 to step up, get engaged, and work 257 00:07:55,000 --> 00:07:56,520 towards a more sustainable future. 258 00:07:56,520 --> 00:07:57,520 I couldn't agree more. 259 00:07:57,520 --> 00:08:00,920 It's time to recognize how interconnected climate change 260 00:08:00,920 --> 00:08:02,920 is to our lives and work together 261 00:08:02,920 --> 00:08:05,560 to create a future where we can all thrive. 262 00:08:05,560 --> 00:08:07,040 Well, that's a great place to pause for now, 263 00:08:07,040 --> 00:08:08,120 but don't go anywhere. 264 00:08:08,120 --> 00:08:10,200 We'll be right back with more meteorology matters 265 00:08:10,200 --> 00:08:11,360 after a quick break. 266 00:08:11,360 --> 00:08:12,400 Sounds good. 267 00:08:12,400 --> 00:08:14,000 And it's not just the financial hit 268 00:08:14,000 --> 00:08:14,920 we need to consider. 269 00:08:14,920 --> 00:08:18,400 Think about the emotional toll on people like Mr. Burnett. 270 00:08:18,400 --> 00:08:19,120 Oh, absolutely. 271 00:08:19,120 --> 00:08:20,800 Forced from their homes, 272 00:08:20,800 --> 00:08:22,800 grappling with an uncertain future. 273 00:08:22,800 --> 00:08:25,800 It's a deeply personal and challenging experience. 274 00:08:25,800 --> 00:08:26,280 It really is. 275 00:08:26,280 --> 00:08:28,280 It reminds us that we're not just talking about numbers 276 00:08:28,280 --> 00:08:29,520 on a spreadsheet. 277 00:08:29,520 --> 00:08:32,080 This is about real people's lives, their homes, 278 00:08:32,080 --> 00:08:33,960 and their sense of security being shaken. 279 00:08:33,960 --> 00:08:34,600 Exactly. 280 00:08:34,600 --> 00:08:36,760 And as these climate risks intensify, 281 00:08:36,760 --> 00:08:38,920 we're likely to see more and more people facing 282 00:08:38,920 --> 00:08:40,360 these kinds of difficulties. 283 00:08:40,360 --> 00:08:42,120 Which brings us to another concerning trend 284 00:08:42,120 --> 00:08:45,080 that's been emerging what some are calling insurance deserts. 285 00:08:45,080 --> 00:08:45,520 That's right. 286 00:08:45,520 --> 00:08:48,000 In certain areas, especially those highly vulnerable 287 00:08:48,000 --> 00:08:49,720 to climate-related disasters, 288 00:08:49,720 --> 00:08:52,960 obtaining insurance is becoming incredibly difficult. 289 00:08:52,960 --> 00:08:54,760 We're hearing stories of insurance companies 290 00:08:54,760 --> 00:08:56,240 refusing to renew policies 291 00:08:56,240 --> 00:08:58,440 or even pulling out of these regions entirely. 292 00:08:58,440 --> 00:09:00,960 It's a classic case of supply and demand at play 293 00:09:00,960 --> 00:09:03,040 as the risk of these events increases. 294 00:09:03,040 --> 00:09:04,880 Insurance companies become more hesitant 295 00:09:04,880 --> 00:09:06,920 to offer coverage in those areas. 296 00:09:06,920 --> 00:09:08,720 They either hike premiums to levels 297 00:09:08,720 --> 00:09:11,200 that are unaffordable for many or simply refuse 298 00:09:11,200 --> 00:09:13,000 to ensure properties there at all. 299 00:09:13,000 --> 00:09:15,080 So homeowners in these areas are getting hit 300 00:09:15,080 --> 00:09:17,480 with a double whammy rising costs 301 00:09:17,480 --> 00:09:20,160 and the possibility of not being able to get insurance at all. 302 00:09:20,160 --> 00:09:21,400 It's a tough situation. 303 00:09:21,400 --> 00:09:21,880 It is. 304 00:09:21,880 --> 00:09:25,840 It's a catch-22 with potentially devastating consequences. 305 00:09:25,840 --> 00:09:28,240 And it's not just individual homeowners who are affected. 306 00:09:28,240 --> 00:09:30,160 What about the impact on entire communities? 307 00:09:30,160 --> 00:09:30,600 You're right. 308 00:09:30,600 --> 00:09:32,440 It extends beyond individual homeowners. 309 00:09:32,440 --> 00:09:34,800 If insurance becomes unavailable or unaffordable 310 00:09:34,800 --> 00:09:37,560 in a particular area, it can lead to a decline 311 00:09:37,560 --> 00:09:38,760 in property values. 312 00:09:38,760 --> 00:09:39,280 Oh, wow. 313 00:09:39,280 --> 00:09:41,120 Making it difficult to sell homes 314 00:09:41,120 --> 00:09:43,280 and potentially hindering economic development. 315 00:09:43,280 --> 00:09:45,840 It seems like it could trigger a domino effect leading 316 00:09:45,840 --> 00:09:49,560 to population decline, reduce tax revenue for local governments, 317 00:09:49,560 --> 00:09:51,520 and a strain on essential services. 318 00:09:51,520 --> 00:09:52,240 Precisely. 319 00:09:52,240 --> 00:09:55,040 It's a tangled web of interconnected consequences 320 00:09:55,040 --> 00:09:57,760 that underscores the ripple effect of climate change 321 00:09:57,760 --> 00:09:58,920 across our society. 322 00:09:58,920 --> 00:10:01,800 And it's not just coastal areas or wildfire prone regions 323 00:10:01,800 --> 00:10:02,640 that are affected, right? 324 00:10:02,640 --> 00:10:03,400 No, not at all. 325 00:10:03,400 --> 00:10:05,560 Climate change is a global phenomenon 326 00:10:05,560 --> 00:10:08,760 and its effects are being felt far and wide in communities 327 00:10:08,760 --> 00:10:10,520 across the country and around the world. 328 00:10:10,520 --> 00:10:12,680 So given the complexity of this insurance crisis, 329 00:10:12,680 --> 00:10:14,360 what are some potential solutions? 330 00:10:14,360 --> 00:10:16,000 It's a multifaceted problem. 331 00:10:16,000 --> 00:10:18,840 So there's no single silver bullet solution. 332 00:10:18,840 --> 00:10:21,160 It will require a multi-pronged approach. 333 00:10:21,160 --> 00:10:22,800 The starters, it seems like continuing 334 00:10:22,800 --> 00:10:25,760 to invest in climate adaptation and mitigation measures 335 00:10:25,760 --> 00:10:28,480 is crucial to reduce the overall risk of these events. 336 00:10:28,480 --> 00:10:29,680 I completely agree. 337 00:10:29,680 --> 00:10:32,480 We need to strengthen our infrastructure, improve building 338 00:10:32,480 --> 00:10:35,560 codes, and transition to cleaner, more sustainable energy 339 00:10:35,560 --> 00:10:36,040 sources. 340 00:10:36,040 --> 00:10:37,560 And alongside those efforts, we need 341 00:10:37,560 --> 00:10:39,880 to explore creative insurance solutions that 342 00:10:39,880 --> 00:10:41,960 can help homeowners in high-risk areas 343 00:10:41,960 --> 00:10:44,240 obtain affordable and comprehensive coverage. 344 00:10:44,240 --> 00:10:45,080 That's a good point. 345 00:10:45,080 --> 00:10:47,880 Options like government-backed insurance programs, 346 00:10:47,880 --> 00:10:51,560 risk sharing pools, or new types of policies specifically 347 00:10:51,560 --> 00:10:53,640 designed to address climate change 348 00:10:53,640 --> 00:10:54,840 could be part of the solution. 349 00:10:54,840 --> 00:10:57,200 But it's not just about finding technical fixes. 350 00:10:57,200 --> 00:11:00,920 We also need to address the social and economic inequalities 351 00:11:00,920 --> 00:11:03,920 that make certain communities more vulnerable to these risks. 352 00:11:03,920 --> 00:11:05,040 You're absolutely right. 353 00:11:05,040 --> 00:11:06,840 We need to make sure everyone has access 354 00:11:06,840 --> 00:11:08,560 to the resources and support they need 355 00:11:08,560 --> 00:11:11,280 to adapt to a changing climate, regardless of their income 356 00:11:11,280 --> 00:11:12,760 level race or where they live. 357 00:11:12,760 --> 00:11:16,400 It's about fostering a more equitable and resilient society 358 00:11:16,400 --> 00:11:17,960 where everyone has the opportunity 359 00:11:17,960 --> 00:11:20,840 to thrive even in the face of climate change. 360 00:11:20,840 --> 00:11:21,360 Well said. 361 00:11:21,360 --> 00:11:23,440 It's a challenging but essential task. 362 00:11:23,440 --> 00:11:24,960 Now shifting gears a bit, let's talk 363 00:11:24,960 --> 00:11:27,160 about the trend of people going bare, choosing 364 00:11:27,160 --> 00:11:29,000 to forego insurance altogether. 365 00:11:29,000 --> 00:11:31,400 It's a risky strategy, but unfortunately one 366 00:11:31,400 --> 00:11:34,400 that's becoming more common as insurance premiums continue 367 00:11:34,400 --> 00:11:35,000 to rise. 368 00:11:35,000 --> 00:11:37,920 We've seen reports that as many as 12% of homeowners 369 00:11:37,920 --> 00:11:40,720 across the US are now uninsured, 370 00:11:40,720 --> 00:11:42,920 and that number is even higher in some states. 371 00:11:42,920 --> 00:11:45,480 It's particularly prevalent in places like Florida 372 00:11:45,480 --> 00:11:47,480 where a significant portion of homeowners 373 00:11:47,480 --> 00:11:49,880 are retirees who have paid off their mortgages 374 00:11:49,880 --> 00:11:51,400 and may believe they can self-insure. 375 00:11:51,400 --> 00:11:52,800 But as we discussed earlier, that's 376 00:11:52,800 --> 00:11:54,920 a gamble that can have severe consequences. 377 00:11:54,920 --> 00:11:55,640 Absolutely. 378 00:11:55,640 --> 00:11:57,320 Even if you have the financial means 379 00:11:57,320 --> 00:12:00,200 to rebuild after a disaster going without insurance, 380 00:12:00,200 --> 00:12:02,400 exposes you to a whole host of risks. 381 00:12:02,400 --> 00:12:05,280 For example, what if someone is injured on your property 382 00:12:05,280 --> 00:12:07,040 and you don't have liability coverage? 383 00:12:07,040 --> 00:12:08,960 Or what if the damage is so expensive 384 00:12:08,960 --> 00:12:11,240 that it exceeds your ability to pay out of pocket? 385 00:12:11,240 --> 00:12:13,800 These are serious risks that shouldn't be taken lightly. 386 00:12:13,800 --> 00:12:16,080 And it's important to remember that insurance isn't just 387 00:12:16,080 --> 00:12:18,000 about protecting your financial assets. 388 00:12:18,000 --> 00:12:20,200 It's also about peace of mind, knowing 389 00:12:20,200 --> 00:12:23,560 you have a safety net in case the unexpected happens. 390 00:12:23,560 --> 00:12:25,840 So even though those premiums might seem high, 391 00:12:25,840 --> 00:12:28,520 it's cruel to weigh the costs and benefits carefully 392 00:12:28,520 --> 00:12:30,440 before deciding to go without insurance. 393 00:12:30,440 --> 00:12:31,040 Exactly. 394 00:12:31,040 --> 00:12:33,760 It's a decision that requires careful consideration. 395 00:12:33,760 --> 00:12:36,560 Now, aside from the obvious factor of rising premiums, 396 00:12:36,560 --> 00:12:38,400 what are some of the other reasons why people 397 00:12:38,400 --> 00:12:39,520 are choosing to go bare? 398 00:12:39,520 --> 00:12:41,720 One factor is a lack of awareness 399 00:12:41,720 --> 00:12:43,160 about the risks involved. 400 00:12:43,160 --> 00:12:44,800 Some homeowners simply don't fully 401 00:12:44,800 --> 00:12:48,160 grasp the potential consequences of going without insurance. 402 00:12:48,160 --> 00:12:50,000 They might underestimate the likelihood 403 00:12:50,000 --> 00:12:53,200 of a disaster occurring or overestimate their capacity 404 00:12:53,200 --> 00:12:55,040 to recover financially if one does. 405 00:12:55,040 --> 00:12:55,560 That's right. 406 00:12:55,560 --> 00:12:57,360 And in some cases, homeowners may 407 00:12:57,360 --> 00:12:59,880 feel that insurance is simply too expensive 408 00:12:59,880 --> 00:13:01,440 that they can't afford the premiums. 409 00:13:01,440 --> 00:13:04,080 That's understandable, especially for people on fixed incomes 410 00:13:04,080 --> 00:13:06,280 or those already struggling to make ends meet. 411 00:13:06,280 --> 00:13:09,120 And in some cases, homeowners may be frustrated with the insurance 412 00:13:09,120 --> 00:13:09,720 industry. 413 00:13:09,720 --> 00:13:12,280 They may have had negative experiences with claims 414 00:13:12,280 --> 00:13:14,040 or feel that insurance companies aren't 415 00:13:14,040 --> 00:13:15,760 acting in their best interests. 416 00:13:15,760 --> 00:13:18,000 That kind of experience can lead to distrust and make 417 00:13:18,000 --> 00:13:21,320 homeowners more inclined to consider going without insurance. 418 00:13:21,320 --> 00:13:21,840 Exactly. 419 00:13:21,840 --> 00:13:23,680 And in some areas, particularly those 420 00:13:23,680 --> 00:13:26,720 that haven't historically experienced major disasters, 421 00:13:26,720 --> 00:13:28,840 homeowners may have a false sense of security. 422 00:13:28,840 --> 00:13:30,160 They might believe they're not at risk 423 00:13:30,160 --> 00:13:31,720 or that a disaster won't happen to them. 424 00:13:31,720 --> 00:13:33,400 But as we've seen with climate change, 425 00:13:33,400 --> 00:13:36,080 those historical patterns are no longer reliable. 426 00:13:36,080 --> 00:13:38,840 Disasters are becoming more frequent and severe, 427 00:13:38,840 --> 00:13:40,680 and they're affecting communities that have never 428 00:13:40,680 --> 00:13:42,080 experienced them before. 429 00:13:42,080 --> 00:13:43,400 So it's really unpredictable. 430 00:13:43,400 --> 00:13:44,360 It is. 431 00:13:44,360 --> 00:13:46,240 That's why it's so crucial for homeowners 432 00:13:46,240 --> 00:13:48,720 to understand their individual risk profiles 433 00:13:48,720 --> 00:13:51,000 and make informed decisions about insurance 434 00:13:51,000 --> 00:13:53,840 based on the most up-to-date information available. 435 00:13:53,840 --> 00:13:55,200 And if you think about going bare, 436 00:13:55,200 --> 00:13:56,440 it's important to do your homework 437 00:13:56,440 --> 00:13:58,840 and really understand the potential consequences. 438 00:13:58,840 --> 00:14:01,120 Talk to your insurance agent or financial advisor 439 00:14:01,120 --> 00:14:03,280 and make sure you have a plan in place just in case 440 00:14:03,280 --> 00:14:04,560 the unexpected happens. 441 00:14:04,560 --> 00:14:06,840 Because as we've seen, the risks of going without insurance 442 00:14:06,840 --> 00:14:09,080 are simply too great for most homeowners. 443 00:14:09,080 --> 00:14:11,880 Let's transition now to another significant issue, 444 00:14:11,880 --> 00:14:15,640 the impact of climate change on property values. 445 00:14:15,640 --> 00:14:18,000 This is a complex issue with many moving parts. 446 00:14:18,000 --> 00:14:20,920 But the fundamental idea is that as climate risks 447 00:14:20,920 --> 00:14:24,120 escalate the value of properties in affected areas 448 00:14:24,120 --> 00:14:25,360 is likely to decline. 449 00:14:25,360 --> 00:14:27,320 We're already seeing this play out in some coastal 450 00:14:27,320 --> 00:14:29,520 communities where rising sea levels 451 00:14:29,520 --> 00:14:32,360 and the threat of more intense storm surges 452 00:14:32,360 --> 00:14:34,560 are making properties more vulnerable to flooding. 453 00:14:34,560 --> 00:14:36,520 As those risks become more apparent, 454 00:14:36,520 --> 00:14:38,600 buyers are naturally becoming more hesitant 455 00:14:38,600 --> 00:14:41,360 to invest in properties that are at a high river of damage. 456 00:14:41,360 --> 00:14:42,200 That makes sense. 457 00:14:42,200 --> 00:14:44,240 Reduced demand can of course lead to a decline 458 00:14:44,240 --> 00:14:45,240 in property values. 459 00:14:45,240 --> 00:14:47,280 Exactly, and it's not just coastal areas 460 00:14:47,280 --> 00:14:49,360 that are impacted, wildfires, droughts, 461 00:14:49,360 --> 00:14:51,000 and other climate related hazards 462 00:14:51,000 --> 00:14:54,640 can also affect property values in England areas. 463 00:14:54,640 --> 00:14:56,720 So it's a widespread issue with the potential 464 00:14:56,720 --> 00:14:59,040 to affect homeowners across the country. 465 00:14:59,040 --> 00:15:01,600 It is, and it's not just about the financial hit. 466 00:15:01,600 --> 00:15:03,680 Either a decline in property values 467 00:15:03,680 --> 00:15:06,120 can have a ripple effect throughout entire communities. 468 00:15:06,120 --> 00:15:08,480 It can lead to decreased tax revenue, 469 00:15:08,480 --> 00:15:10,400 making it more difficult for local governments 470 00:15:10,400 --> 00:15:12,120 to provide essential services. 471 00:15:12,120 --> 00:15:14,800 And it can also lead to population decline 472 00:15:14,800 --> 00:15:17,000 as people choose to move away from areas 473 00:15:17,000 --> 00:15:19,000 that are perceived as being at high risk. 474 00:15:19,000 --> 00:15:21,640 It's a complex issue with far reaching implications 475 00:15:21,640 --> 00:15:23,960 that extend beyond individual homeowners. 476 00:15:23,960 --> 00:15:26,320 Absolutely, it's something we need to address now 477 00:15:26,320 --> 00:15:29,080 if we want to mitigate the long-term impacts 478 00:15:29,080 --> 00:15:31,120 of climate change on our communities. 479 00:15:31,120 --> 00:15:33,320 So what can be done to tackle this challenge? 480 00:15:33,320 --> 00:15:34,960 Well, there are a number of strategies 481 00:15:34,960 --> 00:15:36,040 that could be implemented. 482 00:15:36,040 --> 00:15:38,360 For starters, we need to continue investing 483 00:15:38,360 --> 00:15:41,120 in climate adaptation and mitigation measures. 484 00:15:41,120 --> 00:15:42,560 Like strengthening infrastructure, 485 00:15:42,560 --> 00:15:43,760 improving building codes, 486 00:15:43,760 --> 00:15:45,320 and promoting cleaner sources of energy. 487 00:15:45,320 --> 00:15:47,400 Exactly, these measures can help reduce 488 00:15:47,400 --> 00:15:49,920 the overall risk of climate-related hazards, 489 00:15:49,920 --> 00:15:52,560 which in turn can help protect property values. 490 00:15:52,560 --> 00:15:54,720 It also seems like improving our risk assessment 491 00:15:54,720 --> 00:15:57,200 and disclosure practices would be beneficial. 492 00:15:57,200 --> 00:15:59,280 I agree, we need to provide homeowners 493 00:15:59,280 --> 00:16:02,080 with more accurate and up-to-date information 494 00:16:02,080 --> 00:16:04,800 about the climate risks specific to their properties. 495 00:16:04,800 --> 00:16:06,720 That kind of transparency can help homeowners 496 00:16:06,720 --> 00:16:09,320 make informed decisions about whether to invest 497 00:16:09,320 --> 00:16:10,600 in mitigation measures, 498 00:16:10,600 --> 00:16:12,840 or perhaps even consider selling their properties. 499 00:16:12,840 --> 00:16:15,080 Right, and it can also help potential buyers 500 00:16:15,080 --> 00:16:18,640 make informed decisions about where to purchase property. 501 00:16:18,640 --> 00:16:19,800 In addition to transparency, 502 00:16:19,800 --> 00:16:21,720 it seems like we need to explore innovative 503 00:16:21,720 --> 00:16:24,000 financial mechanisms that can help homeowners 504 00:16:24,000 --> 00:16:25,360 adapt to climate risks. 505 00:16:25,360 --> 00:16:27,400 Absolutely, options like government-backed 506 00:16:27,400 --> 00:16:29,920 insurance programs, risk sharing pools, 507 00:16:29,920 --> 00:16:32,080 or green bonds that can be used 508 00:16:32,080 --> 00:16:35,320 to finance adaptation projects could be valuable tools. 509 00:16:35,320 --> 00:16:37,120 And it all comes back to creating 510 00:16:37,120 --> 00:16:39,600 a more equitable and resilient society 511 00:16:39,600 --> 00:16:41,400 where everyone has the opportunity 512 00:16:41,400 --> 00:16:43,320 to adapt to a changing climate, 513 00:16:43,320 --> 00:16:45,680 regardless of their financial situation background 514 00:16:45,680 --> 00:16:46,520 or where they live. 515 00:16:46,520 --> 00:16:47,560 You hit the nail on the head. 516 00:16:47,560 --> 00:16:50,240 It means addressing the underlying social 517 00:16:50,240 --> 00:16:53,320 and economic inequalities that make some communities 518 00:16:53,320 --> 00:16:56,240 more vulnerable to climate risks than others. 519 00:16:56,240 --> 00:16:58,720 It's a complex challenge, but it's a necessary one 520 00:16:58,720 --> 00:17:01,320 if we want to create a sustainable future for everyone. 521 00:17:01,320 --> 00:17:04,080 To sum it all up, it's clear that climate change's impact 522 00:17:04,080 --> 00:17:06,960 on the housing market is a multifaceted issue 523 00:17:06,960 --> 00:17:08,480 with profound implications. 524 00:17:08,480 --> 00:17:10,920 It affects everything from insurance premiums 525 00:17:10,920 --> 00:17:13,520 and property values to the very livability 526 00:17:13,520 --> 00:17:14,520 of our communities. 527 00:17:14,520 --> 00:17:16,720 And it's an issue we need to start addressing now 528 00:17:16,720 --> 00:17:18,840 if we want to mitigate the long-term effects 529 00:17:18,840 --> 00:17:20,040 of climate change? 530 00:17:20,040 --> 00:17:20,880 I couldn't agree more. 531 00:17:20,880 --> 00:17:22,800 The choices we make today will determine 532 00:17:22,800 --> 00:17:24,800 the future of our communities of our planet. 533 00:17:24,800 --> 00:17:27,400 It's a call to action for all of us to get informed, 534 00:17:27,400 --> 00:17:30,080 get involved, and work towards a more sustainable future. 535 00:17:30,080 --> 00:17:31,800 Let's pause for a moment to gather our thoughts. 536 00:17:31,800 --> 00:17:33,440 We'll be back with more meteorology matters 537 00:17:33,440 --> 00:17:34,400 after a short break. 538 00:17:34,400 --> 00:17:35,240 It really is. 539 00:17:35,240 --> 00:17:38,400 And we can't just focus on the challenges. 540 00:17:38,400 --> 00:17:40,320 We need to recognize the opportunities 541 00:17:40,320 --> 00:17:41,720 that are emerging as well. 542 00:17:41,720 --> 00:17:44,720 It's inspiring to see the innovation and creativity 543 00:17:44,720 --> 00:17:47,040 being directed towards addressing climate change. 544 00:17:47,040 --> 00:17:47,440 You're right. 545 00:17:47,440 --> 00:17:49,760 While we've been discussing some pretty serious concerns, 546 00:17:49,760 --> 00:17:52,400 there's a whole wave of ingenuity 547 00:17:52,400 --> 00:17:55,040 focused on finding solutions and building 548 00:17:55,040 --> 00:17:56,320 more resilient communities. 549 00:17:56,320 --> 00:17:56,920 Absolutely. 550 00:17:56,920 --> 00:17:59,440 We're seeing new technologies and business models popping up 551 00:17:59,440 --> 00:18:01,720 all the time aimed at mitigating climate risks 552 00:18:01,720 --> 00:18:03,160 and protecting our communities. 553 00:18:03,160 --> 00:18:05,840 For instance, I recently read about companies developing 554 00:18:05,840 --> 00:18:07,760 cutting-edge building materials that 555 00:18:07,760 --> 00:18:10,040 are more resistant to extreme weather events, 556 00:18:10,040 --> 00:18:12,000 things like hurricane-resistant windows 557 00:18:12,000 --> 00:18:13,920 or fire-resistant roofing materials. 558 00:18:13,920 --> 00:18:15,480 It's amazing what they're coming up with. 559 00:18:15,480 --> 00:18:17,840 And there are startups creating innovative insurance 560 00:18:17,840 --> 00:18:20,360 products tailored to the unique needs of homeowners 561 00:18:20,360 --> 00:18:21,480 in high-risk areas. 562 00:18:21,480 --> 00:18:22,960 We're even seeing entire communities 563 00:18:22,960 --> 00:18:24,760 being designed and built from the ground up 564 00:18:24,760 --> 00:18:27,160 with climate resilience as a core principle. 565 00:18:27,160 --> 00:18:27,720 Wow. 566 00:18:27,720 --> 00:18:30,280 They're incorporating green infrastructure renewable energy 567 00:18:30,280 --> 00:18:32,760 sources and thoughtful planning to create 568 00:18:32,760 --> 00:18:35,280 more sustainable and adaptable living spaces. 569 00:18:35,280 --> 00:18:38,560 It's truly remarkable to see the ingenuity and determination 570 00:18:38,560 --> 00:18:41,360 being channeled into addressing the challenges 571 00:18:41,360 --> 00:18:42,280 of climate change. 572 00:18:42,280 --> 00:18:44,200 And it's a good reminder that we all 573 00:18:44,200 --> 00:18:45,640 have a role to play in this effort. 574 00:18:45,640 --> 00:18:47,960 It's not just up to scientists, policymakers, 575 00:18:47,960 --> 00:18:50,320 or big companies to find solutions. 576 00:18:50,320 --> 00:18:50,840 Exactly. 577 00:18:50,840 --> 00:18:52,680 Whether you're a homeowner, a business owner, 578 00:18:52,680 --> 00:18:54,800 or simply a concerned citizen, there 579 00:18:54,800 --> 00:18:56,680 are things we can all do to make a difference. 580 00:18:56,680 --> 00:18:58,680 We can reduce our own carbon footprint 581 00:18:58,680 --> 00:19:01,280 by making more sustainable choices in our daily lives, 582 00:19:01,280 --> 00:19:03,480 things like using public transportation, 583 00:19:03,480 --> 00:19:06,560 conserving energy at home, or reducing our consumption. 584 00:19:06,560 --> 00:19:09,720 We can also support businesses that prioritize sustainability 585 00:19:09,720 --> 00:19:12,680 and advocate for policies that promote climate action. 586 00:19:12,680 --> 00:19:14,440 And it's important to support the innovators 587 00:19:14,440 --> 00:19:17,720 and entrepreneurs who are developing the solutions we need 588 00:19:17,720 --> 00:19:19,360 to create a more sustainable future. 589 00:19:19,360 --> 00:19:20,240 I couldn't agree more. 590 00:19:20,240 --> 00:19:21,960 We need to foster an environment that 591 00:19:21,960 --> 00:19:24,960 encourages innovation and collaboration 592 00:19:24,960 --> 00:19:26,360 in addressing climate change. 593 00:19:26,360 --> 00:19:29,080 It's about recognizing that we're all in this together 594 00:19:29,080 --> 00:19:32,200 and that by working together, we can overcome these challenges 595 00:19:32,200 --> 00:19:33,960 and build a brighter future for ourselves 596 00:19:33,960 --> 00:19:35,360 and for generations to come. 597 00:19:35,360 --> 00:19:37,600 I've all said, it's about embracing the challenges 598 00:19:37,600 --> 00:19:40,200 ahead with a sense of optimism and a commitment 599 00:19:40,200 --> 00:19:41,560 to finding solutions. 600 00:19:41,560 --> 00:19:44,440 It's about using our collective knowledge, creativity, 601 00:19:44,440 --> 00:19:48,520 and ingenuity to build a more sustainable and equitable world. 602 00:19:48,520 --> 00:19:50,520 And it's about never losing sight of the fact 603 00:19:50,520 --> 00:19:52,000 that the future is in our hands. 604 00:19:52,000 --> 00:19:52,560 Right. 605 00:19:52,560 --> 00:19:53,960 We have the power to shape it. 606 00:19:53,960 --> 00:19:55,760 That's a powerful message to end on. 607 00:19:55,760 --> 00:19:57,160 Thank you so much for joining me today 608 00:19:57,160 --> 00:19:58,560 for this insightful conversation. 609 00:19:58,560 --> 00:20:01,040 It's been a pleasure exploring these critical issues with you. 610 00:20:01,040 --> 00:20:02,080 The pleasure was all mine. 611 00:20:02,080 --> 00:20:04,880 I always enjoyed delving into these important topics with you. 612 00:20:04,880 --> 00:20:06,360 And to all of our listeners out there, 613 00:20:06,360 --> 00:20:09,080 thank you for tuning in to Meteorology Matters. 614 00:20:09,080 --> 00:20:10,680 We hope this episode has given you 615 00:20:10,680 --> 00:20:14,640 a deeper understanding of how climate change is impacting 616 00:20:14,640 --> 00:20:17,280 the US housing market and insurance landscape. 617 00:20:17,280 --> 00:20:19,600 We encourage you to keep learning, exploring, 618 00:20:19,600 --> 00:20:22,320 and engaging in this crucial conversation. 619 00:20:22,320 --> 00:20:25,240 The future is not something that simply happens to us. 620 00:20:25,240 --> 00:20:26,760 It's something we create together. 621 00:20:26,760 --> 00:20:28,840 So let's get out there and start building the world. 622 00:20:28,840 --> 00:20:32,520 We want to see a world that is resilient, sustainable, 623 00:20:32,520 --> 00:20:35,640 and equitable for all until next time. 624 00:20:35,640 --> 00:20:38,520 Stay curious, stay informed, and stay engaged. 625 00:20:38,520 --> 00:21:03,520 And as always, thanks for listening to Meteorology Matters.