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Why some property insurers are deserting hazard-prone regions : The Indicator from Planet Money Climate change is changing the property insurance market. California is one state where major insurers have opted out of writing new property insurance policies. So how does that affect the people living in these states? Today, how climate change is breaking down the insurance market.

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The Indicator from Planet Money

When insurers can't get insurance

When insurers can't get insurance

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(Photo by David McNew/Getty Images)
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David McNew/Getty Images
(Photo by David McNew/Getty Images)
David McNew/Getty Images

Insurers are leaving states that face increasing natural disasters made worse by climate change. This is causing major stress to homeowners and insurers alike. Today, we examine the market failures in the insurance industry and what can be done to fill in the gaps.

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For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.