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Insurance actors have found ways
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Hot Money

Insurance actorshave found ways to take an insurancepolicy and securitize that, and...

Insurance actors
have found ways to take an insurance
policy and securitize that, and transfer it to kind
of capital risk markets, so they're not really
holding the bag, which means that they're
willing to underwrite more and more property, which means that people
can kinda continue to build in risky areas

Full Transcript

00:00:01.000 --> 00:00:04.001
- Insurance actors have found ways
00:00:04.001 --> 00:00:07.573
to take an insurance policy and securitize that,
00:00:07.573 --> 00:00:09.575
and transfer it to kind of capital risk markets,
00:00:09.575 --> 00:00:11.711
so they're not really holding the bag,
00:00:11.711 --> 00:00:14.413
which means that they're willing to underwrite more
00:00:14.413 --> 00:00:15.915
and more property,
00:00:15.915 --> 00:00:17.917
which means that people can kinda continue to build
00:00:17.917 --> 00:00:19.185
in risky areas.
Duration
19 seconds
Views
18
Timestamp in Movie
01:22:42
Uploaded
May 25, 2025
Genres
documentary
Production
N/A

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Movie Summary

Former NATO commander Wesley Clark and son explore economic forces linking various sectors, revealing interconnections that can lead to collapse and potential solutions to untangle them.
- I don't think anyone would wanna come in - Hot Money 00:09
- I don't think anyone would wanna come in
(water splashing) - Hot Money 00:06
(water splashing)
- But now, because you bought it in an area - Hot Money 00:08
- But now, because you bought it in an area
In order to convert his nest egg to cash, - Hot Money 00:13
In order to convert his nest egg to cash,
- Okay, so John is now literally John on the street. - Hot Money 00:06
- Okay, so John is now literally John on the street.
- [Wesley] The nice house that we're gonna buy - Hot Money 00:07
- [Wesley] The nice house that we're gonna buy
- Flood involves the U.S government - Hot Money 00:25
- Flood involves the U.S government
- [Wes Jr.] Then we started talking - Hot Money 00:06
- [Wes Jr.] Then we started talking
- So we call the insurance company two days before, - Hot Money 00:06
- So we call the insurance company two days before,
And they call us back and say, - Hot Money 00:17
And they call us back and say,
That's an entire, - Hot Money 00:08
That's an entire,
(jet engine roaring) - Hot Money 00:08
(jet engine roaring)
So as things get worse, the insurance companies - Hot Money 00:08
So as things get worse, the insurance companies
- These latent, hidden climate risks - Hot Money 00:13
- These latent, hidden climate risks
- And right now this house is listed for $49,000. - Hot Money 00:06
- And right now this house is listed for $49,000.
At the peak of the market, it went to about $250,000. - Hot Money 00:05
At the peak of the market, it went to about $250,000.
- It's not only the owners that lose their assets, - Hot Money 00:07
- It's not only the owners that lose their assets,
It's those that bought the secularized mortgages - Hot Money 00:09
It's those that bought the secularized mortgages
- And unless we're prepared to continue to write - Hot Money 00:19
- And unless we're prepared to continue to write
Or should we in fact not permit - Hot Money 00:15
Or should we in fact not permit