Insurers make their money betting against disasters. They wager that the premiums paid by policyholders will outstrip the losses caused by fires, floods and other catastrophes. But in parts of the US that winning formula is no longer working–and climate change is only worsening the odds for insurers. 

Hosts: Mike Bird and Tom Lee-Devlin. Contributors: Aryn Braun, The Economist’s US West Coast Correspondent; Karen Clark, founder of risk modelling firm KCC; and Jean-Paul Conoscente, CEO of Property and Casualty at Scor.

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