Risky Science Podcast · Risk Market News

(Preview) The $232 Billion Storm No One Is Pricing With Moody's Chris Lafakis

·10 min·1 clip

Chris Lafakis reveals a severe Miami hurricane scenario is economically worse than the 2008 global financial crisis.

Moody's economist Chris Lafakis discusses a proprietary analysis showing that a severe Category 5 hurricane hitting Southeast Florida would cause worse economic damage to Miami than a 2008-level global financial crisis. The episode explores how Moody's models hurricane impacts using economic and insurance exposure databases, revealing that only 54% of losses would be insured despite recent high-net-worth migration to the region.

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