Sign up to Nebula to watch ‘What to Follow: USA” and get 40% off an annual subscription with our link: https://go.nebula.tv/wtf?ref=tldrnewsglobal
On Wednesday evening, Hurricane Milton landed on Florida’s west coast. But even if it’s not the worst ever, Milton could still be the final straw for Florida’s ever-escalating home insurance crisis. In this video, we’re taking a look at how climate change created an insurance crisis in Florida, how the government subsidised the entire market, and why the model isn’t sustainable.
🎞 TikTok: https://www.tiktok.com/@tldrnews
đź’ˇ Got a Topic Suggestion? – https://forms.gle/mahEFmsW1yGTNEYXA
Support TLDR on Patreon: http://www.patreon.com/tldrnews
Donate by PayPal: https://tldrnews.co.uk/funding
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
1 – https://tcf.org/content/report/turkeys-troubled-experiment-secularism/
2 – https://www.economist.com/europe/2012/02/25/a-secularists-lament
3 – https://en.wikipedia.org/wiki/2002_Turkish_general_election#/media/File:2002_Turkish_General_Election_by_Province.svg
4 – https://www.ft.com/content/c10b3f24-1671-4514-83f7-f6f90d87ea5a
5 – https://pro.morningconsult.com/trackers/global-leader-approval
6 – https://twitter.com/metropoll/status/1248290597930242048
7 – https://europeelects.substack.com/p/europe-elects-newsletter-65f
8 – https://tradingeconomics.com/turkey/inflation-cpi
9 – https://www.bloomberg.com/news/articles/2023-05-18/turkish-fx-reserves-shrank-by-record-in-week-before-elections
10 – https://tradingeconomics.com/turkey/interest-rate
11 – https://www.ft.com/content/f324cb00-5803-400f-87a3-944df7caed9f
1 – https://www.theguardian.com/us-news/live/2024/oct/09/hurricane-milton-landfall-florida-latest-updates
2 – https://www.ft.com/content/ed3a1bb9-e329-4e18-89de-9db90eaadc0b
3 – https://www.economist.com/the-economist-explains/2022/09/29/is-climate-change-making-hurricanes-worse
4 – https://howmuch.net/articles/home-insurance-cost-in-every-state
5 – https://www.realtor.com/advice/finance/hurricane-helene-no-homeowners-insurance-florida/
6 – https://www.economist.com/briefing/2024/04/11/homeowners-face-a-25trn-bill-from-climate-change
7 – https://www.ft.com/content/09a37793-7bea-4c90-a47f-4536405458e3
8 – https://www.cbsnews.com/news/florida-whistleblowers-hurricane-ian-insurance-60-minutes-transcript/
9 – https://www.hbs.edu/ris/Publication%20Files/24-051_f1329bc3-d296-4ffa-aff3-a9e4b8e98e9d.pdf
10 – https://www.economist.com/united-states/2022/10/06/floridas-government-subsidises-people-living-in-hurricane-zones
11 – https://twitter.com/BamaBonds/status/1842784927638597913
12 – https://www.insurancejournal.com/news/southeast/2022/03/24/659453.htm
13 – https://www.economist.com/united-states/2023/09/21/parts-of-america-are-becoming-uninsurable
14 – https://www.insurancebusinessmag.com/us/news/breaking-news/we-need-a-92-8-rate-rise-says-insurance-boss-499936.aspx
15 – https://www.yahoo.com/news/florida-homeowners-face-housing-crisis-103041072.html
16 – https://www.newsweek.com/florida-home-insurance-policy-cut-600k-hurricane-helene-1963810
00:00 – Introduction
01:20 – Context
02:31 – How This Affects Insurance
03:49 – Why the Current Situation is Unsustainable
07:56 – Sponsored Content
