California faces insurance crisis in wake of wildfires, increasing climate change risks
In Los Angeles, recent wildfires have become one of the costliest natural disasters in world history, destroying entire neighbourhoods near America's second-largest city. The tragedy also exposed and accelerated another crisis in California — the increasing risk of natural disasters, driven by climate change. It has made insurance harder to come by and premiums more expensive. Ira Spitzer reports.
In Los Angeles, recent wildfires have become one of the costliest natural disasters in world history, destroying entire neighbourhoods near America's second-largest city. The tragedy also exposed and accelerated another crisis in California — the increasing risk of natural disasters, driven by climate change. It has made insurance harder to come by and premiums more expensive. Ira Spitzer reports.
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