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MSNBC Alex Witt Reports June 4, 2024 16:52:00

And out of california s top 20 largest wildfires in history, 13 of them happened in the last ten years. when you combine all of those, it makes it very difficult to do business, in particular underwrite insurance policy. now with two of the states top five largest property insurers scaling back coverage, brokers on the other side of the table say it s changing the way they do business. asking buyers now to call insurance companies upfront. typically, most buyers don t really reach out for home insurance. until, you know, a couple days before the close escrow. it s not just affecting residents in the golden state. future homeowners in places like florida, texas, louisiana, all battered by hurricanes in recent years, now in the path of a looming insurance crisis. these are all very disaster and natural catastrophe prone areas. we definitely want to see things changing in the cycles. severe weather season just heating up, the final financial hit, i m likely to cool down ....

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CNN Whos Talking to Chris Wallace June 4, 2024 02:22:00

the difference, in this it would be held in escrow. in here, it would be invested. it actually balances. the money offsets it. if you had, to you could take and it put it back out. so it actually offsets. you re not buying tanks and you re not paying for unemployment benefits. over 30 years, over 70 years, that money grows. and we can bridge social security into solvency. senator cardin, i guess two questions. one, what do you think of $1.5 trillion? which as lot of money. secondly, which would be very different from what social security has done with its trust fund up to now, putting it in the stock market? our trust fund, we don t go into social security trust fund. no, as compared to what we have done with the current social security trust fund. you re taking the money and putting it in the market, which we know is up and down. first of all, like senator candy, working with democrats and republicans, trying to get things done, that s critically important, how we get things ....

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