"Wouldn't it be nice if the banks and insurers stopped facilitating the activities that are probably going to have such severe impacts on their industries within the next 30 years?"Actuary Louise Pryor explains how economic models systematically underestimate climate risk, what a sudden repricing of that risk would mean for financial markets, and how the concept of home insurance could become unworkable across large parts of the world.These ideas are discussed in episode 3 of Overshoot, Minsky Moment.Listen to Overshoot podcast wherever you get your podcasts - https://overshootpod.com/