We talk a lot about building more housing, but we do not talk enough about the risk of home insurance.  We have massively underpriced risk in many parts of the economy. This leads to things like financial nihilism and distrust, which is why we see a world divided - partially because the risk models are all wrong. 00:00 Introduction to Kamala Harris's Economic Proposals 00:09 Detailed Housing Policies 01:14 Supply and Demand in Housing 01:37 The Broader Impact of Housing Shortages 02:29 The Complexity of Housing as an Asset 03:18 Challenges in Home Building 03:47 The Home Insurance Crisis 08:53 Economic and Financial Implications 09:44 Regulatory Issues and Underinsurance 11:09 Reinsurance and Secondary Perils 13:03 Future Paths and Solutions 14:55 Updating Risk Models for the Future 17:44 Conclusion and Final Thoughts