Moody's Talks - Muniland

Insurance crisis poses credit risks for hurricane-prone Florida and Louisiana

Episode Summary

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.

Episode Notes

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