… households were redlined, underinvested in, denied loans and are now being punished for living in those areas and having fewer resources. We need more support for these communities, not less. Private insurers have increasingly withdrawn from the very communities that need coverage the most due to the escalating costs of climate disasters. We need to support government agencies that often go overlooked but are essential, like the national oceanic and Atmospheric association, noaa, who operates the Integrated Ocean Observing System, and the Federal Emergency Management Agency FEMA, who operates the National Flood Insurance Program. (01:57–02:07)
CLAIM
Asserts that private insurers are withdrawing from high-risk communities due to climate disaster costs.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
