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Alex Padilla: “Consumers are left with fewer options for homeowners…”

Featuring: Alex Padilla, Democratic | U.S. Senate from California

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Senator Alex Padilla Discusses Climate Change Impact on Insurance and Mortgage Markets

Published | Video Starts at 07:06

As insurers withdraw from markets or threaten to withdraw from markets, but in many cases actually withdrawing from markets due to the increasing risks that they point to posed by climate change, the net effect on Consumers are left with fewer options for homeowners insurance. This leaves homeowners in a difficult position, often forced to accept plans that may not fully cover their needs simply because there were no additional alternatives. (07:06–07:25)

CLAIM

Asserts that consumers have limited choices for homeowners insurance.

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