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The Impacts of Climate Change (Water) on Insurance
Description
In episode 7 of the podcast mini-series on "Water in Southern Alberta", Jenny is joined by Markham Hislop, an energy journalist, and Derek Connick, a commercial insurance broker, to discuss the impacts of climate change on insurance. The conversation highlights the increasing frequency and severity of climate events, which are challenging traditional insurance models and affecting premiums. The discussion covers various types of insurance, including homeowner and commercial insurance, and the difficulties in obtaining coverage for flood and hail damage. The podcast also explores the role of government in backstopping insurance when private companies limit coverage due to high risks. The episode emphasizes the need for proactive measures in insurance and the importance of treating water as a valuable resource amidst growing environmental challenges. The Gravity Well Podcast is available on YouTube and streaming platforms, inviting listeners to engage with the content and provide feedback.
Markham Hislop and Derek Connick Introductions
Jenny (00:00:05):
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Welcome to The Gravity Well Podcast. I am your host, Jenny Yeremiy. Here you break down heavy ideas with me to understand their complexities and connections. Our mission is to work through dilemmas together in conversation and process. I acknowledge that I live on the traditional territory of Treaty seven and Metis districts five and six. The treaties and self-governance agreements established by indigenous peoples were created to honour the laws of the land maintained balance with nature by giving back and uphold reciprocal relationships. This knowledge and intention are what guide the Gravity well conversation. I ask for genuine dialogue, real hearts and openness to different perspectives. This is your invitation to find common ground with me.
This podcast is dedicated to the natural world, our children, nieces, nephews, grandchildren, and all future generations. The gravity well is on YouTube and streaming wherever you get your podcasts. Join us@thegravitywell.net. Good afternoon everyone. I am thrilled to have Markham Hislop and Derek Knick here with me Today. We are doing episode 15 of the graph season two in the Gravity. Well, we’re speaking about the impacts of climate change on insurance and we have Derek, who is a commercial insurance broker that will help us understand this. I’m thrilled to have Markham with me today. Markham and I met during the run up to the election. I was introduced to him on Twitter from my friend Amy, and I think you are my second official interview Markham. Thank you so much. And we spoke through, it was your series that you did the three-part series on oil and gas liabilities.
We spoke about that at length and we’ve been working together ever since. Both Markham and I had an inkling in early 2024 that we needed to do a lot of collaborating work with those people that really want to generate genuine outcomes in the province and in the country. Markham started the energy circle and I started this podcast and we’ve been working together closely ever since. I’m thrilled with the work you’re doing. Markham, thank you so much for your dedication to this subject to talk about the things that people don’t want to talk about. And this is one of those, this conversation is one of those. So just to back up a moment, go ahead.
Markham:
Right back at you, Jenny. I mean, you’re doing yeoman’s work and you’ve turned this idea for a podcast into something that’s really positive and so [clap] for you.
Jenny:
Thank you. Thank you Markham. Definitely. It’s funny to think about doing this work and feel like you’re just another podcast and then as you get feedback, it does really feel like there is value here and there definitely is