We talk a lot about building more housing, but we do not talk enough about the risk of home insurance.
We have massively underpriced risk in many parts of the economy. This leads to things like financial nihilism and distrust, which is why we see a world divided - partially because the risk models are all wrong.
00:00 Introduction to Kamala Harris's Economic Proposals
00:09 Detailed Housing Policies
01:14 Supply and Demand in Housing
01:37 The Broader Impact of Housing Shortages
02:29 The Complexity of Housing as an Asset
03:18 Challenges in Home Building
03:47 The Home Insurance Crisis
08:53 Economic and Financial Implications
09:44 Regulatory Issues and Underinsurance
11:09 Reinsurance and Secondary Perils
13:03 Future Paths and Solutions
14:55 Updating Risk Models for the Future
17:44 Conclusion and Final Thoughts