S&p Global Ratings

In this episode, host Mike Ferguson is joined by S&P Global Ratings analyst Nora Wittstruck, Senior Director and ESG Sector Leader of U.S. Public Finance. They discuss Nora’s latest commentary on the impact on U.S. local government credit ratings from property & casualty insurance premiums, which are skyrocketing due to physical climate risks. Nora reveals that, in the long-term, insurance costs could drive up the cost of home ownership, leading to economic stagnation or even a decline, and could squeeze certain demographics in affected communities. This commentary is the second of a two-part series exploring the potential credit effects of environmental physical risks. Related Articles: Storm Clouds Or Clear Skies Ahead: How Rising Insurance Premiums From Environmental Physical Risks Could Affect U.S. Local Government Credit Ratings ; Storm Clouds Or Clear Skies Ahead: How Rising Insurance Premiums From Environmental Physical Risks Could Affect U.S. RMBS And CMBS