1 00:00:00,000 --> 00:00:01,760 Welcome back to Meteorology Matters, everybody. 2 00:00:01,760 --> 00:00:03,520 It's awesome to have you with us again. 3 00:00:03,520 --> 00:00:06,640 Today we're gonna be looking at how meteorology, 4 00:00:06,640 --> 00:00:09,160 you know, shakes things up in other areas, 5 00:00:09,160 --> 00:00:11,360 especially the world of insurance. 6 00:00:11,360 --> 00:00:13,040 Get ready for some eye-opening stuff 7 00:00:13,040 --> 00:00:15,000 about what's going on with insurance in Florida. 8 00:00:15,000 --> 00:00:17,200 Yeah, it's pretty interesting, isn't it? 9 00:00:17,200 --> 00:00:19,720 You know, we think of meteorology as just, 10 00:00:19,720 --> 00:00:21,400 like, predicting the weather, 11 00:00:21,400 --> 00:00:23,440 but it, you know, has these ripple effects 12 00:00:23,440 --> 00:00:25,600 on, you know, so many aspects of our lives. 13 00:00:25,600 --> 00:00:26,440 Oh, absolutely. 14 00:00:26,440 --> 00:00:27,680 And you really see it in Florida, right? 15 00:00:27,680 --> 00:00:31,240 I mean, sun, beaches, hurricanes, 16 00:00:31,240 --> 00:00:34,720 insurance is like that crucial safety net 17 00:00:34,720 --> 00:00:37,520 for Floridians when those storms hit. 18 00:00:37,520 --> 00:00:41,040 And it's a heavily regulated industry for a good reason. 19 00:00:41,040 --> 00:00:41,880 Yeah, absolutely. 20 00:00:41,880 --> 00:00:44,700 Those regulations are in place to protect consumers 21 00:00:44,700 --> 00:00:46,200 and make sure that, you know, 22 00:00:46,200 --> 00:00:50,440 those companies can actually pay up when disaster strikes. 23 00:00:50,440 --> 00:00:52,360 Okay, so let's set the scene for everyone. 24 00:00:52,360 --> 00:00:55,480 Florida, beautiful coastline, sunshine, 25 00:00:55,480 --> 00:00:58,280 but also a hurricane magnet. 26 00:00:58,280 --> 00:01:00,440 You basically have to have homeowners insurance there. 27 00:01:00,440 --> 00:01:02,360 It's not optional. 28 00:01:02,360 --> 00:01:05,280 But here's the thing, the Florida insurance market 29 00:01:05,280 --> 00:01:07,400 has been on a roller coaster lately. 30 00:01:07,400 --> 00:01:08,320 It really has. 31 00:01:08,320 --> 00:01:11,400 We've seen premiums, you know, increasing drastically, 32 00:01:11,400 --> 00:01:13,320 companies struggling to stay afloat, 33 00:01:13,320 --> 00:01:15,880 and some even going bankrupt. 34 00:01:15,880 --> 00:01:17,680 And, you know, the usual suspects, 35 00:01:17,680 --> 00:01:20,480 hurricanes and lawsuits are often blamed. 36 00:01:20,480 --> 00:01:22,480 But is that really the whole story? 37 00:01:22,480 --> 00:01:23,680 Right, that's the big question. 38 00:01:23,680 --> 00:01:27,120 And that's where this fascinating study from 2022 comes in. 39 00:01:27,120 --> 00:01:30,280 It took a deep dive into the finances of Florida insurers 40 00:01:30,280 --> 00:01:32,320 from 2017 to 2019, you know, 41 00:01:32,320 --> 00:01:35,360 after those big hurricanes, Irma and Michael. 42 00:01:35,360 --> 00:01:38,880 What they found is, well, kind of shocking. 43 00:01:38,880 --> 00:01:40,720 So one of the things that stood out was 44 00:01:40,720 --> 00:01:43,680 how Florida insurance companies are actually structured. 45 00:01:43,680 --> 00:01:45,440 They often have these affiliate companies 46 00:01:45,440 --> 00:01:47,240 that handle different parts of the business, 47 00:01:47,240 --> 00:01:49,840 like claims, underwriting, that kind of thing. 48 00:01:49,840 --> 00:01:52,080 Wait, hold on, affiliate companies. 49 00:01:52,080 --> 00:01:53,320 What does that mean exactly? 50 00:01:53,320 --> 00:01:55,280 Is that typical in the insurance world? 51 00:01:55,280 --> 00:01:56,240 Not really. 52 00:01:56,240 --> 00:01:58,200 It's pretty unique to Florida, actually. 53 00:01:58,200 --> 00:01:59,840 Large national insurers, 54 00:01:59,840 --> 00:02:01,720 they usually handle everything in-house. 55 00:02:01,720 --> 00:02:04,480 Interesting, so you've got these Florida insurers 56 00:02:04,480 --> 00:02:05,880 with their separate affiliates. 57 00:02:05,880 --> 00:02:06,720 Right. 58 00:02:06,720 --> 00:02:08,400 What did this study uncover about them? 59 00:02:08,400 --> 00:02:10,600 Well, this is where things get pretty interesting. 60 00:02:10,600 --> 00:02:13,440 Many Florida insurers were reporting losses 61 00:02:13,440 --> 00:02:15,080 during those years, right? 62 00:02:15,080 --> 00:02:16,560 But their affiliate companies, 63 00:02:16,560 --> 00:02:18,640 they were making huge profits. 64 00:02:18,640 --> 00:02:20,120 Wait a minute, so the insurance companies 65 00:02:20,120 --> 00:02:21,640 are saying they're losing money, 66 00:02:21,640 --> 00:02:23,760 but their affiliates are raking it in. 67 00:02:23,760 --> 00:02:25,200 Something doesn't add up here. 68 00:02:25,200 --> 00:02:28,200 Exactly, and the numbers are pretty astounding. 69 00:02:28,200 --> 00:02:29,400 The insurers in the study, 70 00:02:29,400 --> 00:02:33,400 they had a combined net loss of $432 million, 71 00:02:33,400 --> 00:02:37,080 and that's excluding some of the really extreme cases, 72 00:02:37,080 --> 00:02:38,160 but their affiliates, 73 00:02:38,160 --> 00:02:42,880 they pulled in a whopping $1.8 billion in profit. 74 00:02:42,880 --> 00:02:45,160 Wow, that's massive difference. 75 00:02:45,160 --> 00:02:46,880 It almost seems like some kind of shell game, 76 00:02:46,880 --> 00:02:49,200 moving money around to avoid scrutiny. 77 00:02:49,200 --> 00:02:50,640 That's pretty much the conclusion 78 00:02:50,640 --> 00:02:52,560 that the author of the study reached, yeah. 79 00:02:52,560 --> 00:02:55,960 They found that 19 out of 30 Florida-based companies 80 00:02:55,960 --> 00:02:58,760 were paying excessive fees to their affiliates, 81 00:02:58,760 --> 00:03:01,920 and this kind of profit shifting 82 00:03:01,920 --> 00:03:04,120 can really weaken insurance companies, 83 00:03:04,120 --> 00:03:06,680 leaving them less equipped to pay out claims 84 00:03:06,680 --> 00:03:08,280 when a big storm hits. 85 00:03:08,280 --> 00:03:09,800 That's a scary thought. 86 00:03:09,800 --> 00:03:12,560 So if another major hurricane slams Florida 87 00:03:12,560 --> 00:03:15,000 and these insurance companies can't pay up, 88 00:03:15,000 --> 00:03:16,440 what happens to the homeowners? 89 00:03:16,440 --> 00:03:18,000 That's a recipe for disaster. 90 00:03:18,000 --> 00:03:19,800 It's a huge risk, for sure, 91 00:03:19,800 --> 00:03:22,480 and that's why regulators are starting to take notice 92 00:03:22,480 --> 00:03:23,880 and try to get ahead of this. 93 00:03:23,880 --> 00:03:25,000 So what are they doing about it? 94 00:03:25,000 --> 00:03:26,840 What's the plan to prevent this 95 00:03:26,840 --> 00:03:28,240 from happening down the road? 96 00:03:28,240 --> 00:03:29,520 Well, they're trying to figure out 97 00:03:29,520 --> 00:03:32,760 what fair and reasonable fees should be 98 00:03:32,760 --> 00:03:36,240 for these affiliate relationships to start, 99 00:03:36,240 --> 00:03:38,880 and they're also pushing for more transparency, 100 00:03:38,880 --> 00:03:41,080 requiring companies to actually report 101 00:03:41,080 --> 00:03:44,320 specific dollar amounts instead of just percentages. 102 00:03:44,320 --> 00:03:46,000 Oh, okay, so instead of saying, 103 00:03:46,000 --> 00:03:49,120 oh, we're paying our affiliate 25% of premiums, 104 00:03:49,120 --> 00:03:49,960 they'd have to say, 105 00:03:49,960 --> 00:03:52,640 we're giving them $50 million, for example. 106 00:03:52,640 --> 00:03:55,160 Exactly, it's about increasing oversight 107 00:03:55,160 --> 00:03:57,600 and ensuring that these financial structures 108 00:03:57,600 --> 00:03:59,080 are actually working for the people 109 00:03:59,080 --> 00:04:01,600 who are paying for the insurance, the ones who need it. 110 00:04:01,600 --> 00:04:02,720 This is incredible. 111 00:04:02,720 --> 00:04:07,360 It really highlights how meteorology goes way beyond 112 00:04:07,360 --> 00:04:09,320 just forecasting the weather. 113 00:04:09,320 --> 00:04:11,880 It's about understanding those chain reactions, 114 00:04:11,880 --> 00:04:15,240 how it impacts other industries, our wallets, our lives. 115 00:04:15,240 --> 00:04:18,200 Absolutely, and that's really just the tip of the iceberg. 116 00:04:18,200 --> 00:04:21,440 We're gonna delve deeper into this whole insurance situation 117 00:04:21,440 --> 00:04:22,600 and the next part of our show. 118 00:04:22,600 --> 00:04:24,120 Awesome, I'm looking forward to it. 119 00:04:24,120 --> 00:04:25,280 Yeah, me too. 120 00:04:25,280 --> 00:04:29,040 It really is a complicated situation, isn't it? 121 00:04:29,040 --> 00:04:32,200 It starts with the hurricane and the damage it does, 122 00:04:32,200 --> 00:04:33,720 but when you really dig deeper, 123 00:04:33,720 --> 00:04:36,960 you find these complex financial maneuvers 124 00:04:36,960 --> 00:04:39,520 that can really affect whether people are actually protected 125 00:04:39,520 --> 00:04:40,800 when another storm comes. 126 00:04:40,800 --> 00:04:43,360 Yeah, it's like one of those Russian nesting dolls, 127 00:04:44,320 --> 00:04:45,480 one hidden inside another. 128 00:04:45,480 --> 00:04:46,920 Right, exactly. 129 00:04:46,920 --> 00:04:48,600 And speaking of uncovering layers, 130 00:04:48,600 --> 00:04:52,600 that study we talked about, that was from 2017 to 2019. 131 00:04:52,600 --> 00:04:54,040 So what's been going on since then? 132 00:04:54,040 --> 00:04:57,200 Has the Florida insurance market calmed down at all? 133 00:04:57,200 --> 00:04:58,400 No, unfortunately not really. 134 00:04:58,400 --> 00:05:01,520 It's been kind of a crisis for the last several years, 135 00:05:01,520 --> 00:05:02,360 actually. 136 00:05:02,360 --> 00:05:03,800 Premiums have continued to go up, 137 00:05:03,800 --> 00:05:05,640 more companies have gone under, 138 00:05:05,640 --> 00:05:08,600 and homeowners, they're finding it really difficult 139 00:05:08,600 --> 00:05:10,760 to find affordable coverage. 140 00:05:10,760 --> 00:05:14,160 It sounds like a perfect storm of bad news. 141 00:05:14,160 --> 00:05:18,120 You've got these increasingly frequent and powerful hurricanes. 142 00:05:18,120 --> 00:05:20,480 The rising cost of reinsurance, 143 00:05:20,480 --> 00:05:22,800 and by the way, for anyone who's not familiar with that term, 144 00:05:22,800 --> 00:05:25,840 reinsurance is basically insurance for insurance companies, 145 00:05:25,840 --> 00:05:27,080 and it's getting a lot more expensive. 146 00:05:27,080 --> 00:05:30,080 And then on top of that, you have this whole issue of, 147 00:05:30,080 --> 00:05:33,280 questionable financial practices within the industry itself. 148 00:05:34,240 --> 00:05:35,200 It's a mess. 149 00:05:35,200 --> 00:05:36,400 Yeah, no, you're exactly right. 150 00:05:36,400 --> 00:05:38,360 It's a multifaceted problem. 151 00:05:38,360 --> 00:05:42,520 And a lot of people have pointed to lawsuits and fraud 152 00:05:42,520 --> 00:05:44,240 as being the main issues, 153 00:05:44,240 --> 00:05:49,240 but this study really shows another layer of complexity. 154 00:05:49,600 --> 00:05:51,240 These affiliate relationships, 155 00:05:51,240 --> 00:05:53,200 they're not necessarily bad in themselves, 156 00:05:54,720 --> 00:05:57,720 but they do need much closer scrutiny, 157 00:05:57,720 --> 00:06:00,040 and there needs to be tighter regulations 158 00:06:00,040 --> 00:06:03,200 to make sure they're not being used to manipulate the system. 159 00:06:03,200 --> 00:06:06,320 Yeah, and it sounds like lawmakers and regulators 160 00:06:06,320 --> 00:06:08,560 are finally starting to pay attention to this issue. 161 00:06:08,560 --> 00:06:11,400 You mentioned that they're working on defining fair 162 00:06:11,400 --> 00:06:12,600 and reasonable fees, 163 00:06:12,600 --> 00:06:15,080 and they're pushing for more transparency. 164 00:06:15,080 --> 00:06:16,840 So what does that look like in practice? 165 00:06:16,840 --> 00:06:19,080 Well, there's definitely a growing awareness 166 00:06:19,080 --> 00:06:22,720 that the current rules need a major update. 167 00:06:22,720 --> 00:06:25,360 Florida's insurance commissioner has been really pushing 168 00:06:25,360 --> 00:06:29,200 for reforms to curb potential abuses 169 00:06:29,200 --> 00:06:31,840 with these affiliate setups. 170 00:06:31,840 --> 00:06:35,720 One of the key proposals is to make it mandatory 171 00:06:35,720 --> 00:06:37,840 that any fees paid to affiliates, 172 00:06:37,840 --> 00:06:40,200 they have to be directly tied to the actual cost 173 00:06:40,200 --> 00:06:41,920 of the services they're providing. 174 00:06:41,920 --> 00:06:46,800 So this would prevent companies from artificially inflating 175 00:06:46,800 --> 00:06:49,440 those fees and basically just siphoning off profits. 176 00:06:49,440 --> 00:06:50,280 Yeah, that makes sense. 177 00:06:50,280 --> 00:06:52,160 It's like, if you're charging for a service, 178 00:06:52,160 --> 00:06:54,920 then show me what it actually costs you to do it. 179 00:06:54,920 --> 00:06:56,640 Is there any pushback from the industry 180 00:06:56,640 --> 00:06:57,880 on these kinds of reforms? 181 00:06:57,880 --> 00:07:01,640 You know, there's always gonna be some resistance to change, 182 00:07:01,640 --> 00:07:04,000 especially when it comes to financial regulations. 183 00:07:04,000 --> 00:07:05,400 Some people are saying that these reforms 184 00:07:05,400 --> 00:07:08,080 would stifle innovation and make it harder 185 00:07:08,080 --> 00:07:09,560 for companies to do business. 186 00:07:09,560 --> 00:07:11,320 But come on, I mean, how can you argue 187 00:07:11,320 --> 00:07:13,280 against transparency and fairness? 188 00:07:13,280 --> 00:07:15,080 If a company is actually providing value 189 00:07:15,080 --> 00:07:16,160 at a reasonable price, 190 00:07:16,160 --> 00:07:19,120 then they shouldn't have anything to hide, right? 191 00:07:19,120 --> 00:07:20,440 Yeah, you'd think so, wouldn't you? 192 00:07:20,440 --> 00:07:23,040 But the truth is that some companies 193 00:07:23,040 --> 00:07:25,680 have gotten used to doing things a certain way 194 00:07:25,680 --> 00:07:28,480 and change can be disruptive. 195 00:07:28,480 --> 00:07:32,680 So it's this balancing act of trying to protect consumers 196 00:07:32,680 --> 00:07:35,240 while also ensuring that the industry 197 00:07:35,240 --> 00:07:36,680 can function effectively. 198 00:07:36,680 --> 00:07:40,920 It sounds like Florida's insurance market is at a crossroads. 199 00:07:40,920 --> 00:07:43,760 You've got these huge forces colliding, 200 00:07:43,760 --> 00:07:46,520 the hurricanes, the financial challenges, 201 00:07:46,520 --> 00:07:49,600 and now the increased scrutiny from regulators. 202 00:07:49,600 --> 00:07:51,800 It's gonna be really interesting to see how it all plays out. 203 00:07:51,800 --> 00:07:53,600 Yeah, no, it's a crucial time for the industry, 204 00:07:53,600 --> 00:07:54,440 that's for sure. 205 00:07:54,440 --> 00:07:57,160 The decisions that get made in the next few years, 206 00:07:57,160 --> 00:07:59,200 they're gonna have big consequences for homeowners 207 00:07:59,200 --> 00:08:02,640 and the entire future of insurance in Florida. 208 00:08:02,640 --> 00:08:05,880 And it really emphasizes how important meteorology 209 00:08:05,880 --> 00:08:07,200 is in all of this. 210 00:08:07,200 --> 00:08:10,880 It's not just about understanding the risks of hurricanes, 211 00:08:10,880 --> 00:08:13,400 but also analyzing the financial systems 212 00:08:13,400 --> 00:08:15,760 that are supposed to protect us from those risks. 213 00:08:15,760 --> 00:08:17,080 Yeah, absolutely. 214 00:08:17,080 --> 00:08:20,360 This dive into insurance has really highlighted 215 00:08:20,360 --> 00:08:22,840 how interconnected all of this is. 216 00:08:22,840 --> 00:08:25,240 Meteorology, finance, regulations, 217 00:08:25,240 --> 00:08:28,200 they all come together to shape the insurance landscape. 218 00:08:28,200 --> 00:08:30,240 It's a good reminder that we can't just focus 219 00:08:30,240 --> 00:08:32,120 on the weather in isolation. 220 00:08:32,120 --> 00:08:34,720 We need to see that bigger picture, 221 00:08:34,720 --> 00:08:36,800 the way it ripples out to other industries 222 00:08:36,800 --> 00:08:41,600 and ultimately how it impacts our lives in very real ways. 223 00:08:41,600 --> 00:08:42,800 Yeah, that's exactly right. 224 00:08:42,800 --> 00:08:45,960 And that brings us to the big question. 225 00:08:45,960 --> 00:08:47,920 What does all this mean for the future 226 00:08:47,920 --> 00:08:49,560 of Florida's insurance market? 227 00:08:49,560 --> 00:08:51,920 As climate change keeps fueling 228 00:08:51,920 --> 00:08:54,160 these more intense weather events, 229 00:08:54,160 --> 00:08:56,880 will these financial structures be strong enough 230 00:08:56,880 --> 00:08:58,200 to handle the pressure? 231 00:08:58,200 --> 00:08:59,360 It really does, yeah. 232 00:08:59,360 --> 00:09:00,760 It all comes back to that big question 233 00:09:00,760 --> 00:09:01,960 we were talking about earlier. 234 00:09:01,960 --> 00:09:03,320 What does the future look like 235 00:09:03,320 --> 00:09:05,280 for Florida's insurance market? 236 00:09:05,280 --> 00:09:07,280 With climate change making these big weather events 237 00:09:07,280 --> 00:09:08,280 even more intense, 238 00:09:08,280 --> 00:09:10,960 can these financial systems really handle it? 239 00:09:10,960 --> 00:09:13,640 That's a question that honestly keeps me up at night. 240 00:09:13,640 --> 00:09:16,200 We're seeing more hurricanes, stronger hurricanes, 241 00:09:16,200 --> 00:09:17,600 the sea levels are rising 242 00:09:17,600 --> 00:09:19,760 and re-insurance is getting so expensive. 243 00:09:19,760 --> 00:09:21,720 Then you add in the potential for problems 244 00:09:21,720 --> 00:09:25,440 because of these iffy financial dealings. 245 00:09:25,440 --> 00:09:26,320 It's kind of scary. 246 00:09:26,320 --> 00:09:27,800 Yeah, it's a valid concern. 247 00:09:27,800 --> 00:09:30,000 And it goes beyond just the insurance companies, right? 248 00:09:30,000 --> 00:09:31,360 It's about the homeowners, 249 00:09:31,360 --> 00:09:32,880 the people who depend on them. 250 00:09:32,880 --> 00:09:35,320 If more companies start going belly up, 251 00:09:35,320 --> 00:09:38,080 we might get to a point where lots of people in Florida 252 00:09:38,080 --> 00:09:40,320 just can't get insurance they can afford. 253 00:09:40,320 --> 00:09:41,960 That's a frightening thought. 254 00:09:41,960 --> 00:09:42,800 Yeah. 255 00:09:42,800 --> 00:09:44,400 It would make it almost impossible to live on the coast 256 00:09:44,400 --> 00:09:45,320 for a lot of folks. 257 00:09:45,320 --> 00:09:46,160 Exactly. 258 00:09:46,160 --> 00:09:49,280 It would be devastating for the real estate market, 259 00:09:49,280 --> 00:09:53,320 the economy, the whole social fabric of Florida. 260 00:09:53,320 --> 00:09:54,360 So what can we do? 261 00:09:54,360 --> 00:09:55,600 Is there any hope here? 262 00:09:55,600 --> 00:09:58,240 Well, I don't have a magic crystal ball or anything 263 00:09:58,240 --> 00:10:00,320 but I do think there are solutions. 264 00:10:00,320 --> 00:10:02,560 It'll take a multi-pronged approach though. 265 00:10:02,560 --> 00:10:05,400 We need tougher regulations to make sure insurance companies 266 00:10:05,400 --> 00:10:08,040 are financially sound and to stop abuse 267 00:10:08,040 --> 00:10:09,720 within these affiliate things. 268 00:10:09,720 --> 00:10:13,440 And we've got to invest in like mitigation efforts, right? 269 00:10:13,440 --> 00:10:15,040 To lessen the impact of hurricanes 270 00:10:15,040 --> 00:10:17,840 and really address climate change head on. 271 00:10:17,840 --> 00:10:19,760 And we need to get creative. 272 00:10:19,760 --> 00:10:21,360 We need to look at new insurance models 273 00:10:21,360 --> 00:10:23,720 that can adapt to these changing risks. 274 00:10:23,720 --> 00:10:26,200 That sounds like a huge undertaking 275 00:10:26,200 --> 00:10:29,280 but it's obviously something we can't just ignore. 276 00:10:29,280 --> 00:10:30,680 The future of Florida, 277 00:10:30,680 --> 00:10:33,240 and I bet a lot of other coastal areas around the world 278 00:10:33,240 --> 00:10:34,200 depends on it. 279 00:10:34,200 --> 00:10:36,240 Absolutely, it's a call to action. 280 00:10:36,240 --> 00:10:39,480 You know, policymakers, industry leaders, even individuals, 281 00:10:39,480 --> 00:10:41,840 we all need to recognize these challenges are connected 282 00:10:41,840 --> 00:10:43,400 and we have to work together. 283 00:10:43,400 --> 00:10:45,040 This has been a really fascinating look 284 00:10:45,040 --> 00:10:46,840 at the world of insurance 285 00:10:46,840 --> 00:10:49,600 and how it's all tied up with meteorology. 286 00:10:49,600 --> 00:10:52,040 I've learned a lot and I hope our listeners have too. 287 00:10:52,040 --> 00:10:54,040 It's been great chatting with you about all this 288 00:10:54,040 --> 00:10:57,000 and remember everyone, being informed is important. 289 00:10:57,000 --> 00:10:59,920 The more we understand about these complicated systems, 290 00:10:59,920 --> 00:11:03,320 the better we can make good decisions and push for change. 291 00:11:03,320 --> 00:11:05,120 And speaking of learning more, 292 00:11:05,120 --> 00:11:09,400 if you wanna dig deeper into hurricanes and their impact, 293 00:11:09,400 --> 00:11:12,320 make sure to follow our hurricane expert, Rob Jones, 294 00:11:12,320 --> 00:11:13,600 on social media. 295 00:11:13,600 --> 00:11:16,000 He's on Instagram at meteorologist, 296 00:11:16,000 --> 00:11:18,320 on TikTok at TV meteorologist, 297 00:11:18,320 --> 00:11:20,480 and for a deep dive into all things hurricane, 298 00:11:20,480 --> 00:11:23,120 check out his YouTube channel, Rob Jones Hurricane. 299 00:11:23,120 --> 00:11:23,960 That's right. 300 00:11:23,960 --> 00:11:25,040 And that's where you'll find 301 00:11:25,040 --> 00:11:27,280 the Meteorology Matters podcast playlist too 302 00:11:27,280 --> 00:11:28,440 for even more insights 303 00:11:28,440 --> 00:11:30,560 into the fascinating world of weather. 304 00:11:30,560 --> 00:11:32,720 Thanks for joining us on Meteorology Matters. 305 00:11:32,720 --> 00:11:34,240 Until next time, stay curious, 306 00:11:34,240 --> 00:11:59,240 stay informed and stay safe.