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Alex Padilla: “Insurers are withdrawing from markets due to increasing…”

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

And if I may, Senator Whitehouse want to talk a couple questions on the insurance challenges that we've been spending so much time on. As insurers withdraw from markets or threaten to withdraw from markets, but in many cases actually Insurers are withdrawing from markets due to increasing risks posed by climate change. the net effect on consumers is that they're left with fewer and fewer options for homeowners insurance. (07:06–07:25)

CLAIM

Asserts that insurers are leaving markets because of climate change risks.

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