Wealth and Risk: The Increasing Vulnerability of Coastal Real Estate to Hurricanes

Doug McIntyre and David Callaway discuss the vulnerability of coastal properties, particularly high-value homes like Mar-a-Lago, to hurricanes. They note that wealthy individuals often build homes in risky coastal areas, and these structures are at high risk of destruction. They highlight the challenges in the insurance industry, where traditional home and commercial insurance may become unaffordable or unavailable, leading to potential market risks. The conversation emphasizes the need for new insurance products to adapt to increasing climate threats.