Planet Money
00:32:02 · S0, Julie Rochman, Ann Cope, Alexi Horowitz-Ghazi
[00:32:02] S0: we make sense of that problem of, like, that somebody could be doing everything they possibly could to try to use IBHS science to kind of recreate their homes and still not be finding a reasonable place in the insurance market? [00:32:17] S4: So [00:32:22] S1: there are multiple pieces to to all of that. Individual properties one by one are are part of the complicated macro scale. [00:32:35] S2: Ann says it's important to understand the physical risks of any given property are only one part of the multidimensional puzzle that goes into someone's individual insurability. There's also the question of what the neighbors have or haven't done to mitigate the risk of wildfire. Stopping the spread of fire is a collective action problem. Because if the neighbors don't harden their homes, those homes can still pose a big threat to yours. And there are market issues, like whether a given insurer is overexposed because it's covering too many homes in one geographic area at risk of burning down all at once. Ann says IBHS can't solve all those issues. [00:33:14] S1: Others are gonna be able to talk about the the economic impacts and the geographic impacts, and we're just gonna keep bringing the best possible credible science to say, to make the resilience of this structure high, here's what you need to do.
00:33:14 · Ann Cope, Alexi Horowitz-Ghazi
[00:33:14] S1: Others are gonna be able to talk about the the economic impacts and the geographic impacts, and we're just gonna keep bringing the best possible credible science to say, to make the resilience of this structure high, here's what you need to do. [00:33:32] S2: Ann says it's IBHS's job to help build the scientific research for everybody else to act on. And the fact that catastrophic mega fire might be breaking the insurance market itself, that is a problem that goes way beyond the destruction lab. It's a problem playing out in forests and communities all across the country. Next week on the show, Planet Money goes to perhaps the most buyer conscious town in America to see how the insurance market has broken down and how the people there are trying to build it back up. If you want more on how economic shapes the world around you, sign up for the Planet Money newsletter. Sometimes it's an original essay or an interview or a curated digest of recent econ papers we liked. Our newsletter writer, Greg Rosolsky, puts his heart and his giant brain into it every week. We see you, Greg. Sign up at npr.org slash Planet Money newsletter or click the link in the show notes. And if you already subscribe and like it, hit reply and let Greg know what you think. This episode was produced by Vito Emanuel and edited by Jess Jiang. It was engineered by Annlie Huang and Travis Hagan and fact checked by Sierra Juarez with help from Emma Peaslee. Alex Goldmark is our executive producer. I'm Alexey Horowitz Gazi. This is NPR. Thanks for listening.
00:33:32 · Alexi Horowitz-Ghazi, S3
[00:33:32] S2: Ann says it's IBHS's job to help build the scientific research for everybody else to act on. And the fact that catastrophic mega fire might be breaking the insurance market itself, that is a problem that goes way beyond the destruction lab. It's a problem playing out in forests and communities all across the country. Next week on the show, Planet Money goes to perhaps the most buyer conscious town in America to see how the insurance market has broken down and how the people there are trying to build it back up. If you want more on how economic shapes the world around you, sign up for the Planet Money newsletter. Sometimes it's an original essay or an interview or a curated digest of recent econ papers we liked. Our newsletter writer, Greg Rosolsky, puts his heart and his giant brain into it every week. We see you, Greg. Sign up at npr.org slash Planet Money newsletter or click the link in the show notes. And if you already subscribe and like it, hit reply and let Greg know what you think. This episode was produced by Vito Emanuel and edited by Jess Jiang. It was engineered by Annlie Huang and Travis Hagan and fact checked by Sierra Juarez with help from Emma Peaslee. Alex Goldmark is our executive producer. I'm Alexey Horowitz Gazi. This is NPR. Thanks for listening. [00:35:06] S3: Stay tuned for the following announcements and messages from our sponsors.
00:35:06 · S3, S6
[00:35:06] S3: Stay tuned for the following announcements and messages from our sponsors. [00:35:10] S6: On the latest episode of sources and methods, a blue tsunami, earthquake, avalanche, democrats swept the midterms. What does this mean for president Trump's ambitions overseas? And why is Iran paying such close attention to the change up on Capitol Hill? Listen this week to sources and methods, the national security podcast from NPR. [00:35:34] S3: A beautifully designed Squarespace website is the difference between thinking about photography school and selling your portraits online. It's the difference between giving away those cookies you just made for free and running your cookie empire. A beautifully designed Squarespace website is the difference between having a movie reviewing hobby and a movie reviewing career. Squarespace, because no matter what you're into, a website makes it real. Use offer code difference for 50% off select plans. Terms and conditions apply.