Gavin Newsom: “Climate risk is becoming uninsurable.”

“And we understand something that increasingly people are starting to understand. At least people that are open to argument, interested in evidence that climate risk is financial risk risk, that Climate risk is becoming uninsurable. That's why in California we're making our homes and communities more resilient, more resilient to heat and fire. That's why we're working with our insurance commissioner. A lot of work to do here.” (56:12–56:16)

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.